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v2.4.0.6
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2012
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES
NOTE 4. COMMITMENTS AND CONTINGENCIES
 
Certain  conditions  may exist  which may result in a loss to the  Company,  but
which will only be  resolved  when one or more  future  events  occur or fail to
occur.  The Company's  management and its legal counsel  assess such  contingent
liabilities, and such assessment inherently involves an exercise of judgment. In
assessing  loss  contingencies  related to legal  proceedings  that are  pending
against the Company,  or unasserted  claims that may result in such proceedings,
the  Company's  legal  counsel  evaluates  the  perceived  merits  of any  legal
proceedings or unasserted  claims as well as the perceived  merits of the amount
of relief sought or expected to be sought therein.
 
If the assessment of a contingency indicates that it is probable that a material
loss has been incurred and the amount of the  liability  can be  estimated,  the
estimated liability would be accrued in the Company's financial  statements.  If
the  assessment  indicates that a potentially  material loss  contingency is not
probable but is reasonably possible, or is probable but cannot be estimated, the
nature of the  contingent  liability,  together with an estimate of the range of
possible  loss  if  determinable   and  material,   would  be  disclosed.   Loss
contingencies  considered  remote are generally not disclosed  unless they arise
from guarantees, in which case the guarantees would be disclosed.
 
At September 30, 2012, the Company was not involved in any litigation.