ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)
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3 Months Ended |
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Mar. 31, 2013
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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Development Stage Activities | Development Stage Activities The Company has been in the development stage since its inception on July 19, 2004. All activity through March 31, 2013, including the conversion relates to the Company's formation and development. The Company has selected December 31st as its fiscal year-end. |
Cash | Cash The Company does not maintain any cash balances at any financial institutions. |
Loans Payable- Partner | Loans Payable- Partner The loan payable represents advances from a partner to fund general and administrative expenses. The loans are non-interest bearing and due on demand. The company has not generated any revenue in the past two years, and has ceased selling products. Any revenue derived in the future will consist of management and advisory fees, performance fees and allocations, investment income and interest and dividend revenue. |
New Accounting Pronouncements | New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company's accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented. |