2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
summary of significant accounting policies is presented to assist in understanding the Companys financial statements. The
financial statements and notes are representations of the Companys management who is responsible for their integrity and
objectivity. These accounting policies conform to generally accepted accounting principles in the United States of America
and have been consistently applied in the preparation of the financial statements. The financial statements are stated in
United States of America dollars.
and Start-up Costs
of start-up activities, including organizational costs, are expensed as incurred in accordance with ASC 720-15.
Company has adopted the Statement of Financial Accounting Standards No. 109 Accounting for Income Taxes (ASC
740). ASC 740 requires the use of the asset and liability method of accounting of income taxes. Under the asset and
liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to
temporary differences between the financial statements carrying amounts of existing assets and liabilities and their respective
tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income
in the years in which those temporary differences are expected to be recovered or settled.
and Diluted Loss Per Share
accordance with ASC 260 Earnings Per Share, the basic loss per common share is computed by dividing net loss
available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share
is computed similar to basic loss per common share except that the denominator is increased to include the number of additional
common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares
were dilative. At March 31, 2012 the Company had no stock equivalents that were anti-dilutive and excluded in the earnings
per share computation.
Fair Value of Financial Instruments
carrying value of the Companys financial instruments, consisting of accounts payable and accrued liabilities approximate
their fair value due to the short-term maturity of such instruments. Unless otherwise noted, it is managements opinion
that the Company is not exposed to significant interest, currency or credit risks arising from these financial statements.
company has had no revenues to date. It is the Companys policy that revenues will be recognized in accordance with SEC Staff
Accounting Bulletin (SAB) No. 104, "Revenue Recognition." Under SAB 104, product revenues (or service revenues)
are recognized when persuasive evidence of an arrangement exists, delivery has occurred (or service has been performed), the sales
price is fixed and determinable and collectability is reasonably assured.
functional currency of the Company is the United States Dollar.
preparation of the Companys financial statements in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Actual
results could differ from those estimates.
and Cash Equivalents
Company considers all highly liquid debt instruments with an original maturity of three months or less to be cash equivalents.
(Loss) Per Share
(loss) per share of common stock are computed by dividing the net earnings (loss) by the weighted average number of common shares
outstanding during the period. Diluted earnings per share are not shown for periods in which the Company incurs a loss because
it would be anti-dilutive.
policy regarding advertising is to expense advertising when incurred. The Company had not incurred any advertising expense as
of March 31, 2012.
Company consists of one reportable business segment. The Company paid no dividends during the periods from inception April 2,
2007 to March 31, 2012.