Summary Of Significant Accounting Policies (Policies)
|12 Months Ended
Dec. 31, 2013
|Summary Of Significant Accounting Policies Policies
|Basis of Presentation
The Financial Statements and
related disclosures have been prepared pursuant to the rules and regulations of the SEC. The Financial Statements have been prepared
using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (GAAP) of the
United States (See Note 3 regarding the assumption that the Company is a going concern).
|Development Stage Company
The Company is a development
stage company as defined by ASC 915, Development Stage Entities. The Company is still devoting substantially all of its efforts
on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception are
considered part of the Company's development stage activities.
|Use of Estimates
The preparation of financial
statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ
from those estimates and assumptions.
|Fiscal year end
The Company elected December
31 as its fiscal year.
|Cash and Cash Equivalents
and Cash Equivalents
The Company considers all highly
liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents
were $287 and $5,625 at December 31, 2013 and 2012, respectively.
|Fair Value of Financial Instruments
Value of Financial Instruments
Companys balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities
approximate their fair value because of the relatively short period of time between the origination of these instruments and their
820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset
or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an
orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that
distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources
(observable inputs) and (2) an entitys own assumptions about market participant assumptions developed based on the
best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels,
which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and
the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets
2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or
similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the
asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market
data by correlation or other means.|
3 - Inputs that are both significant to the fair value measurement and unobservable.|
Fair value estimates discussed
herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2013. The
respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term
nature of these instruments.
The Company accounts for income
taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities
are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of
existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted
tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the
enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company
will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of December 31,
2013 or 2012.
|Basic and Diluted Net Loss per Share
and Diluted Net Loss per Share
Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share. Basic
earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of
common shares outstanding during the reporting period. Diluted earnings per share reflects the potential dilution that could occur
if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of
common stock that could share in the earnings of the Company.
The Company has incurred a net
operating loss for December 31, 2013 and 2012, and dilutive earnings per share would be anti-dilutive, therefore, dilutive earnings
per share have not been presented. There are no options or warrants outstanding. The Company has common stock equivalents, in
the form or convertible preferred stock, series A. Common stock equivalents were 5,200,000 and 0 for the years ending December
31, 2013 and 2012, respectively.
|Commitments and contingencies
The Company follows ASC 450,
Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments,
litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the
amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of December 31, 2013 and 2012.
The Company follows subtopic
ASC 850, Related Party Disclosure, for the identification of related parties and disclosure of related party transactions. See
Note 5 for related party transactions.
|Cash flows reporting
The Company follows ASC 230,
Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating,
investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (Indirect
method) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net
income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating
cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are
included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent
of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate
changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances
of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash
receipts or payments in the period.
718, Compensation Stock Compensation, prescribes accounting and reporting standards for all share-based payment
transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue
shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based
payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements
based on their fair values. That expense is recognized over the period during which an employee is required to provide services
in exchange for the award, known as the requisite service period (usually the vesting period).
Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC
505-50, Equity Based Payments to Non-Employees. Measurement of share-based payment transactions with non-employees
is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments
issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance
Share-based expense for the periods
ending December 31, 2013 and 2012 were $52,000 and $0, respectively.