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EXCEL - IDEA: XBRL DOCUMENT - Electronic Cigarettes International Group, Ltd.Financial_Report.xls
10-Q - QUARTERLY REPORT - Electronic Cigarettes International Group, Ltd.tckm_10q.htm
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EX-31 - CERTIFICATION - Electronic Cigarettes International Group, Ltd.tckm_ex31.htm
EX-32.1 - CERTIFICATION - Electronic Cigarettes International Group, Ltd.tckm_ex321.htm
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1. Nature of Operations and Continuance of Business
9 Months Ended
Sep. 30, 2012
Accounting Policies [Abstract]  
1. Nature of Operations and Continuance of Business

The Company was incorporated in the State of Nevada on May 19, 2004. The Company is an Exploration Stage Company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Entities. The Company’s principal business is the acquisition and exploration of mineral resources. The Company does not currently have any mineral property interests.

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, confirmation of the Company’s interests in the underlying properties, and the attainment of profitable operations. As at September 30, 2012, the Company has a working capital deficiency of $239,948, has not generated any revenue, and has accumulated losses of $387,007 since inception. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.