|
NOTE 8 - TRADING SECURITIES
|
3 Months Ended | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
|||||||||||||||||||||||||||
| Marketable Securities [Abstract] | |||||||||||||||||||||||||||
| NOTE 8 - TRADING SECURITIES |
NOTE 8 - Trading Securities
Fair market measurement at March 31, 2013 were computed using quoted prices in an active market for identified assets, (level 1). The shares were obtained as compensation for performing consulting services.
During the three months ended March 31, 2012 the Company sold 100,000 shares of marketable equity securities for a loss of $6,523.
There was no gain or loss either realized nor unrealized for the three months ended March 31, 2013.
The unrealized loss for the three months ended March 31, 2012 is $19,500 and is included in the Statement of Operations. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for investments in debt and equity securities that are classified as trading securities. This policy also may describe the entity's accounting treatment for transfers between investment categories and how the fair values of such securities are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|