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NOTE 8 - TRADING SECURITIES
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Mar. 31, 2014
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| NOTE 8 - TRADING SECURITIES |
NOTE 8 - Trading Securities
Fair market measurement at March 31, 2014 was 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, 2014 the Company sold 100,000 shares of marketable equity securities for a gain of $5,404. There was an unrealized gain of $343 for the three months ended March 31, 2014.
There was no gain or loss either realized nor unrealized for the three months ended March 31, 2013.
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- 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
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