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EXCEL - IDEA: XBRL DOCUMENT - Victory Electronic Cigarettes CorpFinancial_Report.xls
10-Q - QUARTERLY REPORT - Victory Electronic Cigarettes Corptckm_10q.htm
XML - IDEA: XBRL DOCUMENT - Victory Electronic Cigarettes CorpR5.htm
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EX-31 - CERTIFICATION - Victory Electronic Cigarettes Corptckm_ex31.htm
EX-32.1 - CERTIFICATION - Victory Electronic Cigarettes Corptckm_ex321.htm
v2.4.0.6
4. Fair Value Measurements
9 Months Ended
Sep. 30, 2012
Fair Value Disclosures [Abstract]  
4. Fair Value Measurements

 

The Company’s financial instruments consist principally of cash, accounts payable and amounts due to related parties. Pursuant to ASC 820, the fair value of the Company’s cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The carrying values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.