Accounting Policies, by Policy (Policies)
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9 Months Ended |
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Sep. 30, 2012
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Basis of Accounting, Policy [Policy Text Block] |
Basis of
Presentation
The
accompanying unaudited interim financial statements of the
Company have been prepared in accordance with accounting
principles generally accepted in United States of America and
the rules of the Securities and Exchange Commission
(“SEC”), and should be read in conjunction with
the audited financial statements and notes thereto contained
in the Company’s latest Annual Report filed with SEC on
Form 10-K. In the opinion of management, all adjustments,
consisting of normal recurring adjustments, necessary for a
fair presentation of the results of operations for the
interim periods presented have been reflected herein. The
results of operations for such interim periods are not
necessarily indicative of operations for a full year. Notes
to the consolidated financial statements which would
substantially duplicate the disclosure contained in the
audited financial statements for the most recent fiscal year,
2011, as reported in Form 10-K, have been omitted
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Use of Estimates, Policy [Policy Text Block] |
Use of
Estimates
The
preparation of financial statements in conformity with
generally accepted accounting principles requires management
to make estimates and assumptions that affect reported
amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could
differ from those estimates
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New Accounting Pronouncements, Policy [Policy Text Block] |
Recent
Accounting Pronouncements
The
Company has evaluated all the recent accounting
pronouncements through the filing date and believes that none
of them will have a material effect on the Company
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