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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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6 Months Ended |
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Mar. 31, 2014
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| Summary Of Significant Accounting Policies | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates
The preparation 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 at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Estimates subject to change in the near term include impairment (if any) of long-lived assets and fair value of derivative liabilities.
Recent Accounting Pronouncements
Management has considered all recent accounting pronouncements issued since the last audit of the Companys financial statements. The Companys management believes that these recent pronouncements will not have a material effect on the Companys financial statements. |