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EXCEL - IDEA: XBRL DOCUMENT - RECEIVABLE ACQUISITION & MANAGEMENT CORPFinancial_Report.xls
10-K - ANNUAL REPORT - RECEIVABLE ACQUISITION & MANAGEMENT CORPramc_10k.htm
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v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
REVENUES    
Financing income $ 84,535 $ 51,512
Service income and other 891 1,060
Total revenues 85,426 52,572
COSTS AND EXPENSES    
Selling, general and administrative 90,877 134,582
Total costs and expenses 90,877 134,582
INCOME (LOSS) FROM OPERATIONS (5,451) (82,010)
OTHER INCOME (EXPENSE)    
Interest income 88 198
Impairment Loss on Notes Receivable (165,000)  
Relief of Debt 22,025  
Total other income (expense) (142,877) 198
NET INCOME (LOSS) APPLICABLE TO COMMON STOCK $ (148,338) $ (81,812)
INCOME (LOSS) PER COMMON SHARE, BASIC AND DILUTED $ (0.01) $ 0.00
WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC 17,948,896 17,815,614