NOTE 2 Summary of Significant
financial statements have been prepared in accordance with United States generally accepted accounting principles (US GAAP) for
financial information and in accordance with the Securities and Exchange Commissions Regulation S-X. They reflect all adjustments
which are, in the opinion of the Companys management, necessary for a fair presentation of the financial position and operating
results as of September 30, 2012, September 30, 2011 and for the period April 30, 2010 (date of inception) to September 30, 2012.
Use of Estimates
of financial statements in conformity with accounting principles generally accepted in the United States of America requires management
to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets
and liabilities at the date of the financial statements and the reported revenues and expenses during the reporting periods. Because
of the use of estimates inherent in the financial reporting process, actual results may differ significantly from those estimates.
of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months
or less to be cash equivalents. As of September 30, 2012, the Company maintained one bank account with a financial institution
located in New Jersey.
of Financial Instruments
The fair value
of cash and cash equivalents and accounts payable approximates the carrying amount of these financial instruments due to their
per Share Calculation
Basic net loss
per common share (EPS) is computed by dividing income available to common stockholders by the weighted-average number
of common shares outstanding for the period. Diluted earnings per shares is computed by dividing net income by the weighted average
shares outstanding, assuming all dilutive potential common shares were issued.
For the period
April 30, 2010 (inception) to September 30, 2012, the Company did not realize any revenue
are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences
between financial and tax reporting. Temporary differences are the differences between the reported amounts of assets and liabilities
and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely
than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted
for the effect of changes in tax laws and rates on the date of enactment.
Issued Accounting Pronouncements
As of September
30, 2012, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial
condition or results of operations.