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EXCEL - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.Financial_Report.xls
10-Q - FORM 10-Q - Classic Rules Judo Championships, Inc.f10q-judo.htm
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EX-21.1 - SUBSIDIARIES - Classic Rules Judo Championships, Inc.f10q_211-judo.htm
EX-31.1 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - Classic Rules Judo Championships, Inc.f10q_311-judo.htm
EX-32.1 - SECTION 1350 CERTIFICATIONS OF CEO - Classic Rules Judo Championships, Inc.f10q_321-judo.htm
EX-32.2 - SECTION 1350 CERTIFICATIONS OF CFO - Classic Rules Judo Championships, Inc.f10q_322-judo.htm
EX-31.2 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - Classic Rules Judo Championships, Inc.f10q_312-judo.htm
v2.4.0.6
Note C - Summary of Significant Accounting Policies: Equity-based Compensation (Policies)
9 Months Ended
Sep. 30, 2012
Policies  
Equity-based Compensation

Equity-Based Compensation

 

The Company accounts for equity-based compensation transactions with employees under the provisions of ASC Topic No. 718, “Compensation, Stock Compensation” (“Topic No. 718”).  Topic No. 718 requires the recognition of the fair value of equity-based compensation in net earnings.  The fair value of common stock issued for compensation is measured at the market price on the date of grant.  The fair value of the Company’s equity instruments, other than common stock, is estimated using a Black-Scholes option valuation model.  This model requires the input of highly subjective assumptions and elections including expected stock price volatility and the estimated life of each award.  In addition, the calculation of equity-based compensation costs requires that we estimate the number of awards that will be forfeited during the vesting period.  The fair value of equity-based awards granted to employees is amortized over the vesting period of the award and the Company elects to use the straight-line method for awards granted after adoption of Topic No. 718.

 

The Company accounts for equity-based transactions with non-employees under provisions of ASC Topic No. 505-50, “Equity-Based Payments to Non-Employees” (“Topic No. 505-50”).  Topic No. 505-50 establishes that equity-based payment transactions with non-employees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  The fair value of common stock issued for payments to non-employees is measured at the market price on the date of grant.  The fair value of equity instruments, other than common stock, is estimated using the Black-Scholes option valuation model.  In general, the Company recognizes an asset or expense in the same manner as if it was to pay cash for the goods or services instead of paying with or using the equity instrument.