Statements of Operations (Unaudited, USD $) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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Unaudited |
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REVENUES | $ 21,917 | $ 1,899 | $ 25,715 | $ 5,697 |
EXPENSES | ||||
General and administrative | 10,828 | 52,415 | 39,933 | 58,539 |
Depreciation (Note 5) | 0 | 0 | 0 | 0 |
Total Expenses | 10,828 | 52,415 | 39,933 | 58,539 |
NET INVESTMENT INCOME(LOSS) | 11,089 | (50,516) | (14,218) | (52,842) |
Interest income | 0 | 0 | 17 | 0 |
Interest expense | (9,644) | (9,144) | (28,932) | (27,432) |
Total Other Income (Expense) | (9,644) | (9,144) | (28,915) | (27,432) |
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES | 1,445 | (59,660) | (43,133) | (80,274) |
Income taxes (Note 2) | 0 | 0 | 0 | 0 |
NET INCOME (LOSS) | $ 1,445 | $ (59,660) | $ (43,133) | $ (80,274) |
BASIC INCOME (LOSS) PER SHARE | ||||
Basic Income (Loss) Per Share (Note 2) | $ 0.000 | $ 0.000 | $ 0.000 | $ (0.001) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 144,419,925 | 138,336,592 | 143,975,481 | 138,336,592 |
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively, net of related investment expenses. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized, and does not include investment income from real or personal property, such as rental income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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