0001393905-12-000230.txt : 20120514 0001393905-12-000230.hdr.sgml : 20120514 20120514163736 ACCESSION NUMBER: 0001393905-12-000230 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Engraving Masters, Inc. CENTRAL INDEX KEY: 0001416697 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 205543728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-52942 FILM NUMBER: 12839212 BUSINESS ADDRESS: STREET 1: 3717 W Woodside CITY: Spokane STATE: WA ZIP: 99208 BUSINESS PHONE: 509-599-2728 MAIL ADDRESS: STREET 1: 3717 W Woodside CITY: Spokane STATE: WA ZIP: 99208 FORMER COMPANY: FORMER CONFORMED NAME: Engraving Master Inc DATE OF NAME CHANGE: 20071029 10-Q 1 egrv_10q.htm QUARTERLY REPORT 10Q


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-Q


(Mark One)

 

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

For the quarterly period ended: March 31, 2012

 

Or

 

[  ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

For the transition period from ____________ to _____________

 

Commission File Number: 000-52942

 

THE ENGRAVING MASTERS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

20-5543728

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

 

3717 W. Woodside, Spokane, WA

99208

(Address of principal executive offices)

(Zip Code)

 

 

(509) 599-2728

(Registrant's telephone number, including area code)

 

 

(Former name, former address and former fiscal year, if changed since last report)


Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]   No [   ]


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [   ]   No [X]


Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.:


Large accelerated filer  [  ]

Accelerated filer                   [  ]

Non-accelerated filer  [  ] (Do not check if a smaller reporting company)

Smaller reporting company  [X]


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)

Yes [X]   No [   ]


Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:


Common Stock, $0.001 par value

7,630,000 shares

(Class)

(Outstanding as at May 3, 2012)



THE ENGRAVING MASTERS, INC.


Table of Contents



 

Page

 

 

 

 

PART I - FINANCIAL INFORMATION

3

 

 

     Unaudited Financial Statements

3

 

 

       Condensed Balance Sheets

4

 

 

       Condensed Statements of Operations

5

 

 

       Condensed Statements of Cash Flows

6

 

 

       Notes to Condensed Financial Statements

7

 

 

     Management's Discussion and Analysis of Financial Condition and Results of Operations

10

 

 

     Controls and Procedures

11

 

 

PART II - OTHER INFORMATION

12

 

 

     Legal Proceedings

12

 

 

     Exhibits and Reports on Form 8-K

12

 

 

SIGNATURES

13

PART I - FINANCIAL INFORMATION

Unaudited Financial Statements


The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission ("Commission").  While these statements reflect all normal recurring adjustments which are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and footnotes thereto, which are included in the Company's December 31, 2011, Annual Report on Form 10-K previously filed with the Commission on March 29, 2012.
























3



The Engraving Masters, Inc.

(A Development Stage Company)

Condensed Balance Sheets




 

March 31,

 

December 31,

 

2012

 

2011

 

(unaudited)

 

(audited)

Assets

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

   Cash

$

966

 

$

314

      Total current assets

 

966

 

 

314

 

 

 

 

 

 

Total assets

$

966

 

$

314

 

 

 

 

 

 

Liabilities and Stockholders’ Equity (Deficit)

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

   Accounts payable

$

600

 

$

-

   Note payable

 

2,000

 

 

2,000

      Total current liabilities

 

2,600

 

 

2,000

 

 

 

 

 

 

Total liabilities

 

2,600

 

 

2,000

 

 

 

 

 

 

Stockholders’ equity (deficit)

 

 

 

 

 

    Preferred stock, $0.001 par value, 100,000,000 shares

 

 

 

 

 

      authorized, no shares issued and outstanding

 

-

 

 

-

    Common stock, $0.001 par value, 100,000,000 shares

 

 

 

 

 

      authorized, 7,630,000 shares issued and outstanding

 

 

 

 

 

      as of 3/31/12 and 12/31/11

 

7,630

 

 

7,630

   Additional paid-in capital

 

69,945

 

 

62,945

   Deficit accumulated during development stage

 

(79,209)

 

 

(72,261)

   Total stockholders’ equity (deficit)

 

(1,634)

 

 

(1,686)

 

 

 

 

 

 

Total liabilities and stockholders’ equity (deficit)

$

966

 

$

314



The accompanying notes are an integral part of these financial statements.







4



The Engraving Masters, Inc.

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)




 

For the three months ended

 

Inception

 

March 31,

 

(September 11, 2006) to

 

2012

 

2011

 

March 31, 2012

 

 

 

 

 

 

 

 

 

Revenue

$

-

 

$

-

 

$

-

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

   Depreciation expense

 

-

 

 

127

 

 

1,521

   General and administrative expenses

 

6,948

 

 

5,739

 

 

77,688

      Total expenses

 

6,948

 

 

5,866

 

 

79,209

 

 

 

 

 

 

 

 

 

Loss before provision for income taxes

 

(6,948)

 

 

(5,866)

 

 

(79,209)

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

-

 

 

-

 

 

-

 

 

 

 

 

 

 

 

 

Net loss

$

(6,948)

 

$

(5,866)

 

$

(79,209)

 

 

 

 

 

 

 

 

 

Weighted average number of

 

 

 

 

 

 

 

 

   common shares outstanding - basic

 

7,630,000

 

 

7,630,000

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic

$

(0.00)

 

$

(0.00)

 

 

 



The accompanying notes are an integral part of these financial statements.









5



The Engraving Masters, Inc.

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)




 

For the three months ended

 

Inception

 

March 31,

 

(September 11, 2006) to

 

2012

 

2011

 

March 31, 2012

 

 

 

 

 

 

 

 

 

Operating activities

 

 

 

 

 

 

 

 

Net loss

$

(6,948)

 

$

(5,866)

 

$

(79,209)

Adjustments to reconcile net loss to

 

 

 

 

 

 

 

 

   net cash used by operating activities:

 

 

 

 

 

 

 

 

      Depreciation

 

-

 

 

127

 

 

1,521

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

   Increase in accounts payable

 

600

 

 

500

 

 

600

Net cash (used) by operating activities

 

(6,348)

 

 

(5,239)

 

 

(77,088)

 

 

 

 

 

 

 

 

 

Investing activities

 

 

 

 

 

 

 

 

   Purchase of fixed assets

 

-

 

 

-

 

 

(1,521)

Net cash (used) by investing activities

 

-

 

 

-

 

 

(1,521)

 

 

 

 

 

 

 

 

 

Financing activities

 

 

 

 

 

 

 

 

   Proceeds from notes payable

 

-

 

 

-

 

 

2,000

   Donated capital

 

7,000

 

 

6,000

 

 

35,475

   Issuances of common stock

 

-

 

 

-

 

 

42,100

Net cash provided by financing activities

 

7,000

 

 

6,000

 

 

79,575

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash

 

652

 

 

761

 

 

966

Cash - beginning of the year

 

314

 

 

191

 

 

-

Cash - end of the year

$

966

 

$

952

 

$

966

 

 

 

 

 

 

 

 

 

Supplemental disclosures:

 

 

 

 

 

 

 

 

   Interest paid

 

-

 

 

-

 

 

-

   Income taxes paid

 

-

 

 

-

 

 

-



The accompanying notes are an integral part of these financial statements.









6



The Engraving Masters, Inc.

(A Development Stage Company)

Notes to Condensed Financial Statements



Note 1 - Basis of presentation


The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.


These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein.  It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2011 and notes thereto included in the Company's annual report on Form 10-K.  The Company follows the same accounting policies in the preparation of interim reports.


Results of operations for the interim periods are not indicative of annual results.


Note 2 - History and organization of the company


The Company was organized September 11, 2006 (Date of Inception) under the laws of the State of Nevada, as The Engraving Masters, Inc.  The Company is authorized to issue up to 100,000,000 shares of its common stock and 100,000,000 shares of preferred stock, each with a par value of $0.001 per share.


The business of the Company is to sell engraved awards and collectibles via the Internet.  The Company has limited operations and in accordance with ASC 915-10, “Development Stage Entities,” the Company is considered a development stage company.  


Note 3 - Going concern


The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $79,209. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.


In order to continue as a going concern, the Company will need, among other things, additional capital resources.  The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital.  The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing.  There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.


The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.





7



The Engraving Masters, Inc.

(A Development Stage Company)

Notes to Condensed Financial Statements



Note 4 - Accounting Policies and Procedures


Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent 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.


Revenue recognition

The Company recognizes revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the amount of fees to be paid by the customer is fixed or determinable; (3) the product has been provided to the customer; and (4) the collection of our fees is probable.  The Company will record revenue when it is realizable and earned and the product has been shipped to the customer.


Loss per share

Net loss per share is provided in accordance with ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of March 31, 2012.


Note 5 - Debt and interest expense


Through March 31, 2012, a non-affiliated third-party loaned the Company an aggregate of $2,000 in cash.  The note bears no interest and is due upon demand.  


Note 6 - Stockholders’ equity


The Company is authorized to issue 100,000,000 shares of $0.001 par value common stock and 100,000,000 shares of $0.001 par value preferred stock.


From the inception of the Company through March 31, 2012, an officer and director of the Company donated cash in the amount of $35,475.  The entire amount is considered to be additional paid-in capital.


As of March 31, 2012, there have been no other issuances of common stock.


Note 7 - Warrants and options


As of March 31, 2012, there were no warrants or options outstanding to acquire any additional shares of common stock.






8



The Engraving Masters, Inc.

(A Development Stage Company)

Notes to Condensed Financial Statements



Note 8 - Related party transactions


From the inception of the Company through March 31, 2012, an officer and director of the Company donated cash in the amount of $35,475.  The entire amount is considered to be additional paid-in capital.


The Company does not lease or rent any property.  Office services are provided without charge by an officer and director of the Company.  Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.


Note 9 - Subsequent Events


The Company’s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are no further material subsequent events to report.



9



Management's Discussion and Analysis of Financial Condition and Results of Operations


Forward-Looking Statements


This Quarterly Report contains forward-looking statements about The Engraving Masters, Inc.’s business, financial condition and prospects that reflect management’s assumptions and beliefs based on information currently available.  We can give no assurance that the expectations indicated by such forward-looking statements will be realized.  If any of our management’s assumptions should prove incorrect, or if any of the risks and uncertainties underlying such expectations should materialize, The Engraving Master’s actual results may differ materially from those indicated by the forward-looking statements.


The key factors that are not within our control and that may have a direct bearing on operating results include, but are not limited to, acceptance of our services, our ability to expand our customer base, managements’ ability to raise capital in the future, the retention of key employees and changes in the regulation of our industry.


There may be other risks and circumstances that management may be unable to predict.  When used in this Quarterly Report, words such as,  "believes,"  "expects," "intends,"  "plans,"  "anticipates,"  "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions.


Management’s Discussion and Results of Operation


We plan on becoming an online retailer of engraved products and awards, consisting of trophies, plaques, medals, statuettes and other recognition awards capable of being engraved with various congratulatory or personal phrases, for the purpose of recognizing achievements in sports, academics or other celebrations.  Since our inception, we have worked with the singular goal of executing our business plan and establishing a base of operations.  Unfortunately, we generated no revenues in any period since our inception.  We have no sources of revenues and cannot forecast the amount, if any, of revenues we will generate for the foreseeable future.


In the execution of our business, we incur depreciation expense related to our computer equipment, as well as various general and administrative costs.  General and administrative expenses mainly consist of office expenditures and accounting and legal fees.  During the three months ended March 31, 2012, our expenses of $6,948 consisted solely of general and administrative expenses.  In the comparable three month period ended March 31, 2011, our expenses of $5,866 consisted of $127 in depreciation expense and $5,739 in general and administrative expenses.  Aggregate operating expenses from our inception on September 11, 2006 through March 31, 2012 were $79,209, of which $1,521 is related to depreciation expense and $77,688 in general and administrative expenses.  No development related expenses have been or will be paid to our affiliates.  We expect to continue to incur general and administrative expenses for the foreseeable future, although we cannot estimate the extent of these costs.


As a result of not having revenues and incurring ongoing expenses related to the implementation of our business, we have experienced net losses in all periods since our inception on September 11, 2006.  In the three months ended March 31, 2012, our net loss totaled $6,948, compared to a net loss of $5,866 in the comparable period ended March 31, 2011.  Since our inception, we have accumulated net losses in the amount of $79,209.  We anticipate incurring ongoing operating losses and cannot predict when, if at all, we may expect these losses to plateau or narrow.  We have not been profitable from our inception through March 31, 2012.  There is significant uncertainty projecting future profitability due to our history of losses, lack of revenues, and due to our reliance on the performance of third parties on which we have no direct control.  


Generating sales in the next 12 months is important to support our business.  In order for us to achieve profitability and support our planned ongoing operations, we estimate that we must begin generating a minimum of $25,000 in sales in the next 12 months.  However, we cannot guarantee that we will generate any sales, let alone achieve that target.  As of the date of this quarterly report, we are a development stage company with no revenues and a limited operational history.  We have a website located at www.engravingmasters.com to serve as our sole method of attracting customers and generating sales.  We intend to operate solely as an online company.  All sales are expected to be realized through our website.  To date, we have not received any orders via the website.  


Our management believes that most organizations are postponing or suspending purchasing engraved award products, such as we sell.  As a result, we have decided to delay all marketing and promotional efforts.  We intended to implement search engine placement and keyword submission optimization services to increase the visibility of our website.  To date, we have not developed or implemented any marketing strategy.  



10




As of March 31, 2012, we had $966 of cash on hand, which our management believes these funds are not sufficient to implement our planned strategies and establish a base of operations over the next 12 months.  Our management expects that we will experience net cash out-flows for the fiscal year 2012, given the developmental nature of our business.  We cannot predict the stability of current or projected overhead or that we will generate sufficient revenues to maintain our operations without the need for additional capital.  Our management believes we may need to raise additional capital by issuing capital stock in exchange for cash in order to continue as a going concern.  There are no formal or informal agreements to attain such financing.  We cannot assure you that any financing can be obtained or, if obtained, that it will be on reasonable terms.  As such, our principal accountants have expressed substantial doubt about our ability to continue as a going concern because we have limited operations and have not fully commenced planned principal operations.  If our business fails, our investors may face a complete loss of their investment.  


Our management does not anticipate the need to hire additional full- or part- time employees over the next 12 months, as the services provided by our current officers appear sufficient at this time.  Our officers work for us on a part-time basis, and are prepared to devote additional time, as necessary.  We do not expect to hire any additional employees over the next 12 months.  


No development related expenses have been or will be paid to our affiliates.


Our management does not expect to incur research and development costs.


We do not have any off-balance sheet arrangements.


We currently do not own any significant plant or equipment that we would seek to sell in the near future.  


We have not paid for expenses on behalf of our directors.  Additionally, we believe that this fact shall not materially change.


We currently do not have any material contracts and or affiliations with third parties.

Controls and Procedures


Evaluation of Disclosure Controls and Procedures


Our Principal Executive Officer and Chief Financial Officer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the period covered by this Report. Based on that evaluation, it was concluded that our disclosure controls and procedures are not designed at a reasonable assurance level and are not effective to provide reasonable assurance that information we are required to disclose in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure


Changes in internal controls over financial reporting  


There were no changes in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.


Limitations on Effectiveness of Controls and Procedures


In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.



11



PART II - OTHER INFORMATION

Legal Proceedings


We are not a party to any material legal proceedings.

Exhibits and Reports on Form 8-K


Exhibit Number

Name and/or Identification of Exhibit

 

 

3

Articles of Incorporation & By-Laws

 

 

 

(a) Articles of Incorporation *

 

 

 

(b) By-Laws *

 

 

31

Rule 13a-14(a)/15d-14(a) Certifications

 

 

 

(a) David Uddman

 

 

 

(b) Jolene Uddman

 

 

32

Certification under Section 906 of the Sarbanes-Oxley Act (18 U.S.C. Section 1350)

 

 

101

Interactive Data File

 

 

 

(INS) XBRL Instance Document

 

(SCH) XBRL Taxonomy Extension Schema Document

 

(CAL) XBRL Taxonomy Extension Calculation Linkbase Document

 

(DEF) XBRL Taxonomy Extension Definition Linkbase Document

 

(LAB) XBRL Taxonomy Extension Label Linkbase Document

 

(PRE) XBRL Taxonomy Extension Presenation Linkbase Document

 

 

*  Incorporated by reference herein filed as exhibits to the Company’s Registration Statement on Form 10 previously filed with the SEC on November 28, 2007, and subsequent amendments made thereto.



8-K Filed Date

Item Number

 

 

April 26, 2012

Item 4.01 Changes in Registrant’s Certifying Accountant

 

Item 9.01 Financial Statements and Exhibits



12

SIGNATURES


Pursuant to the requirements of the Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


THE ENGRAVING MASTERS, INC.

(Registrant)

 

Signature

Title

Date

 

 

 

/s/ David Uddman

President and

May 3, 2012

David Uddman

Chief Executive Officer

 

 

 

 

/s/ Jolene Uddman

Chief Financial Officer

May 3, 2012

Jolene Uddman

 

 

 

 

 

/s/ Jolene Uddman

Chief Accounting Officer

May 3, 2012

Jolene Uddman

 

 

















13



 EX-31.1 2 egrv_ex311.htm CERTIFICATION ex31.1

 

CERTIFICATIONS


I, David Uddman, certify that:


1.

I have reviewed this quarterly report on Form 10-Q of The Engraving Masters, Inc.;


2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c.

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d.

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and


5.

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):


a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and


b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date:  May 3, 2012


/s/ David Uddman

     David Uddman

     President



 EX-31.2 3 egrv_ex312.htm CERTIFICATION ex31.2

 

CERTIFICATIONS


I, Jolene Uddman, certify that:


1.

I have reviewed this quarterly report on Form 10-Q of The Engraving Masters, Inc.;


2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c.

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d.

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and


5.

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):


a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and


b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date:  May 3, 2012


/s/ Jolene Uddman

    Jolene Uddman

     Secretary/Treasurer and CFO



EX-32.1 4 egrv_ex32.htm CERTIFICATION ex32

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002




In connection with the quarterly report of The Engraving Masters, Inc. (the "Company") on Form 10-Q for the period ended March 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, David Uddman, acting in the capacity as the Chief Executive Officer of the Company, and I, Jolene Uddman, acting in the capacity as the Chief Financial Officer of the Company, certify to the best of our knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.



/s/ David Uddman

     David Uddman

     Chief Executive Officer

     May 3, 2012



/s/ Jolene Uddman

     Jolene Uddman

     Chief Financial Officer

     May 3, 2012




 EX-101.INS 5 egrv-20120331.xml 10-Q 2012-03-31 false Engraving Masters, Inc. 0001416697 --12-31 Smaller Reporting Company Yes No No 2012 Q1 966 314 966 314 966 314 600 2000 2000 2600 2000 2600 2000 7630 7630 69945 62945 -79209 -72261 -1634 -1686 966 314 0.001 0.001 100000000 100000000 0.001 0.001 100000000 100000000 7630000 7630000 7630000 7630000 6948 5739 77688 6948 5866 79209 -6948 -5866 -79209 -6948 -5866 -79209 7630000 7630000 0.00 0.00 127 1521 600 500 600 -6348 -5239 -77088 -1521 -1521 2000 7000 6000 35475 42100 7000 6000 79575 652 761 966 314 191 966 952 <!--egx--><p style="MARGIN:0px"><b>Note 1 - Basis of presentation</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). &nbsp;Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. &nbsp;It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2011 and notes thereto included in the Company's annual report on Form 10-K. &nbsp;The Company follows the same accounting policies in the preparation of interim reports.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">Results of operations for the interim periods are not indicative of annual results.</p> <!--egx--><p style="MARGIN:0px"><b>Note 2 - History and organization of the company</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The Company was organized September 11, 2006 (Date of Inception) under the laws of the State of Nevada, as The Engraving Masters, Inc. &nbsp;The Company is authorized to issue up to 100,000,000 shares of its common stock and 100,000,000 shares of preferred stock, each with a par value of $0.001 per share.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The business of the Company is to sell engraved awards and collectibles via the Internet. &nbsp;The Company has limited operations and in accordance with ASC 915-10, &#147;Development Stage Entities,&#148; the Company is considered a development stage company.</p> <!--egx--><p style="MARGIN:0px"><b>Note 3 - Going concern</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The Company&#146;s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $79,209. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">In order to continue as a going concern, the Company will need, among other things, additional capital resources. &nbsp;The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. &nbsp;The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. &nbsp;There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.</p> <!--egx--><p style="MARGIN:0px"><b>Note 4 - Accounting Policies and Procedures</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px"><u>Use of estimates</u></p> <p style="MARGIN:0px">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. &nbsp;Actual results could differ from those estimates.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px"><u>Revenue recognition</u></p> <p style="MARGIN:0px">The Company recognizes revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the amount of fees to be paid by the customer is fixed or determinable; (3) the product has been provided to the customer; and (4) the collection of our fees is probable. &nbsp;The Company will record revenue when it is realizable and earned and the product has been shipped to the customer.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px"><u>Loss per share</u></p> <p style="MARGIN:0px">Net loss per share is provided in accordance with ASC 260-10, &#147;Earnings per Share&#148;. &nbsp;Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period. &nbsp;Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of March 31, 2012.</p> <!--egx--><p style="MARGIN:0px"><b>Note 5 - Debt and interest expense</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">Through March 31, 2012, a non-affiliated third-party loaned the Company an aggregate of $2,000 in cash. &nbsp;The note bears no interest and is due upon demand. &nbsp;</p> <!--egx--><p style="MARGIN:0px"><b>Note 6 - Stockholders' equity</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The Company is authorized to issue 100,000,000 shares of $0.001 par value common stock and 100,000,000 shares of $0.001 par value preferred stock.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">From the inception of the Company through March 31, 2012, an officer and director of the Company donated cash in the amount of $35,475. &nbsp;The entire amount is considered to be additional paid-in capital.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">As of March 31, 2012, there have been no other issuances of common stock.</p> <!--egx--><p style="MARGIN:0px"><b>Note 7 - Warrants and options</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">As of March 31, 2012, there were no warrants or options outstanding to acquire any additional shares of common stock.</p> <!--egx--><p style="MARGIN:0px"><b>Note 8 - Related party transactions</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">From the inception of the Company through March 31, 2012, an officer and director of the Company donated cash in the amount of $35,475. &nbsp;The entire amount is considered to be additional paid-in capital.</p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The Company does not lease or rent any property. &nbsp;Office services are provided without charge by an officer and director of the Company. &nbsp;Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein. &nbsp;The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. &nbsp;If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. &nbsp;The Company has not formulated a policy for the resolution of such conflicts.</p> <!--egx--><p style="MARGIN:0px"><b>Note 9 - Subsequent Events</b></p> <p style="MARGIN:0px">&nbsp;</p> <p style="MARGIN:0px">The Company&#146;s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are no further material subsequent events to report.</p> 7630000 0001416697 2012-01-01 2012-03-31 0001416697 2012-03-31 0001416697 2011-12-31 0001416697 2011-01-01 2011-03-31 0001416697 2006-09-11 2012-03-31 0001416697 2010-12-31 0001416697 2011-03-31 shares iso4217:USD iso4217:USD shares The numbers in this column, for the year ended December 31, 2011, are derived from audited financials. EX-101.SCH 6 egrv-20120331.xsd 000040 - Statement - Condensed Statements of Operations (unaudited) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - History and organization of the company link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Accounting Policies and Procedures link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Debt and interest expense link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Condensed Balance Sheets (unaudited) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Condensed Balance Sheets (unaudited) (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Going Concern link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Warrants and options link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Basis of presentation link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Condensed Statements of Cash Flows (unaudited) link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Stockholders' equity link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 egrv-20120331_cal.xml EX-101.DEF 8 egrv-20120331_def.xml EX-101.LAB 9 egrv-20120331_lab.xml Operating activities Net loss per share - basic Net loss per share - basic Net Loss Net loss Expenses: Balance Sheet Current liabilities: Liabilities and Stockholders' Equity (Deficit) Statement of Financial Position Note payable Note payable Statement [Table] Document and Entity Information Subsequent Events [Text Block] Related Party Disclosures Going Concern Note Net cash used by operating activities Net cash used by operating activities Increase in accounts payable Depreciation expense Depreciation expense Income Statement Preferred stock, shares authorized Entity Voluntary Filers Subsequent Events Related Party Transactions Disclosure [Text Block] Net cash used by investing activities Net cash used by investing activities Statement of Cash Flows Entity Registrant Name Business Description and Basis of Presentation [Text Block] Interest paid Net cash provided by financing activities Net cash provided by financing activities Investing activities Total liabilities Total liabilities Document Period End Date Organization, Consolidation and Presentation of Financial Statements {1} Organization, Consolidation and Presentation of Financial Statements Net increase in cash Preferred stock, par value Common stock, $0.001 par value, 100,000,000 shares authorized, 7,630,000 shares issued and outstanding as of 03/31/12 and 12/31/11 Current Fiscal Year End Date Amendment Flag Equity Cash - beginning of the period Cash - beginning of the period Cash - ending of the period Common stock, shares outstanding Total current liabilities Total current liabilities Current assets: Entity Current Reporting Status Donated capital Donated capital Loss before provision for income taxes Common stock, par value Cash Entity Central Index Key Stockholders' Equity Note Disclosure [Text Block] Debt Disclosure [Text Block] Income taxes paid Additional paid-in capital Derivatives and Fair Value [Text Block] Total assets Total assets Document Fiscal Year Focus Fair Value Measures and Disclosures Issuances of common stock Issuances of common stock Adjustments to reconcile net loss to net cash used by operating activities: Provision for income taxes Provision for income taxes Common stock, shares issued Total stockholders' equity (deficit) Total stockholders' equity (deficit) Statement [Line Items] Debt Proceeds from notes payable Changes in operating assets and liabilities: General and administrative expenses General and administrative expenses Accounts payable Total current assets Total current assets Assets {1} Assets Entity Filer Category Basis of Accounting [Text Block] Weighted average number of common shares outstanding - basic Weighted average number of common shares outstanding - basic Document Fiscal Period Focus Entity Common Stock, Shares Outstanding Financing activities Total expenses Total expenses Total liabilities and stockholders' equity (deficit) Total liabilities and stockholders' equity (deficit) Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding Entity Well-known Seasoned Issuer Significant Accounting Policies [Text Block] Accounting Policies Supplemental disclosures Stockholders' equity (deficit) Entity Public Float Organization, Consolidation and Presentation of Financial Statements Purchase of fixed assets Revenue Common stock, shares authorized Deficit accumulated during development stage Deficit accumulated during development stage Document Type EX-101.PRE 10 egrv-20120331_pre.xml XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } ZIP 12 0001393905-12-000230-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001393905-12-000230-xbrl.zip M4$L#!!0````(`+F$KD"/@<2<2Q0``-)J```1`!P`96=R=BTR,#$R,#,S,2YX M;6Q55`D``QYML4\>;;%/=7@+``$$)0X```0Y`0``[3UI<^.VDI^S5?L?\.JE MXIDJR1+E4QY/7GE\9%W)>)SQS,O.IQ1$0A)>*)(!2,G*K]_N!GB*NB4['S95 MJ9%%](%&WP"HRW\]CWPV%DK+,'A_X!RV#Y@(W-"3P>#]@=1A\_S\I-MT#O[U MXW__U^4_FDWVJ$(O<87'>E-V>_/3U6>=R%@P'?;C"5>BP:Z\,0]PP'4XBI)8 M*'8?!.&8QT!!-^`/][`!SZ*IDH-AS-Y MNN&(-9M(^[FG?`;,!OK"$_+]P3".HXM6"[\^U,(]'(3C%CQH(9IFVVD>.0=V M>%_ZV?`@#`0-:1]E`[*'2)OPA6H`@]I'+1GH&">3HGK6LC1ZBU4KGD8"UZ$)HX22;G$N7F5A+8W3 MEGEX`(KPW24*X4*3J#^+/B/Y72#6]P=:CB(?9TO?#97HOS\0`S5NIDM^^*R] M`]8B/*`M%S>A"UP$\1<`9VX8Q.(Y_HQ0WYS.K\[!CTZ[^>MEJSIR!OP1)A)Z MMX%WP^-:/$:N1R#7,K828(;V"AYY^/C.YX,Z='WN:V$PE<9F&&Z#6,;3SV(@ M=:QX$#_P42U?M\%`\3$8._O(-=BJ-5"#N@Y)A<(U$%;LB20!L77IYN#$LY;PLD\ MX4K0#P@9]P]W!S]V3T\O6T4,ZZ&<17CD'"]`>*6UB+55D^V8+:':D,@2]I>1 MV,4$UD6[$LMEI*X;@OWH1S[E/5]L*OS3=KM`IA9GB>Q#&(MM:4+@+!"MP;@5 MQ6WI_2)Y3_HREF)CC>Z4I#J+/?W$\$@_3W(L!L.E8)9%E+)];:)<89?!"71V%00+:NH,].CPJ"J*+;G-96 ME*X\3V*I!*&*2^\^N.:1C+F_OL?I=H]/"CZG'NW6I&L(=]8F?"/&P@\CC-*0 M]`P$I!A"14IJ<2/ZTI4Q>,QDE/B0<'DWB8+G*Y`I>\"KP M=C#;4K*R#/LVK$CO_8$%_7T9Z.\@J-^EMV96M!;W92?_R-4GA76,\,C30?;] M-.2JJ-S:2[]<1:SM0Z@F<]96H[8O!O?/'CW75TD\#)7\2W@Y6^;)*B)SVO:_ M>7Q5B>R0GUUS4XB<^U:M%4CMA;5],K8G=5I`85><[)YD)=@WQDG M3@TG)V='W9?FI"KKJA*>G9YO*)U/D<"'P<`^7%36K[(R,_BVH%8K_?-BBKL[ M:LLD7*[;%M.]#]QP)'X)M;Y3X>@:J,@@@<$6*@ST!]$/E3#COO!GH6_@@XZE MN[;TFV7Q;T'Z1:90MZ3-\IK^O:>P1$^J!?YN)P//K<)]`!/ORWC+V+$#K#6A M9&NLBR/+@XASJ6YK+R5D&Y)90:>W)[.FWLTG^)O``Q#"NQJ#!@[$0S+J"?6I M/Y.K?."Z:`AU^5"]A&AUFEBS1%B("3XA;VH\J'$M/>!^F7[7P[H,L M@[MR(35>MJ$U+Y8<56+)BI3VP6!]%.H<=?\>#"Z-7V?M\^UE"0J`.PGZ2WCE M_IE()0`!@,331Y\',11$V#NFS88M6"W[B]5)KB+4^V",R=^.A%KF='62E5YL MZ`KA40);W%[?G*].I1%;CW\N$YA%*]E+($POWRN>F&HIK6)H=S(`N.W\?UF+5B>T M#_Z6:]=K\K>TNW)2U+H-.448\+?X#_K<,??1+YNC=]6<8?TD[:13/B.W*J7] ML%A?S#A_'Q:7K/C,&<8=\GH%VJ/4%!1EDT,S,XC>O@!\U?FL"8C8BSLLPA6#M2.V@DXK-5+`5H1 M?F(K4N"CZ%W0T]'ZH%^&@DE4(3EB?1-"(4/4N']/A0L\=/T$XBP;@IK)H)'R M#-_(@'&0E_(PQV(3&0_95Q`_/*']?\T&9JO)G^(X$>$3G@LX4H!;1CX,Y(%G M:!+2KT_,"WV?X\V/(1\+UA,B0+H15^:25PQ;J]?GO( M308]U&*@V%1MH#)EP(*0/B2Q_2D.#<\/L(]\6>" M=V$`_8C_(6A043*YNH!L&`C5%QQ[I(1#'#"`#;B`1\0I08)*1"N MT)JK*>B(8GTN5.`?]_DL`E6J1BR$`MD&4N50F<`?X]%5PQ$:!&0_8EL!/.CIP&Z[0= MA[0+34$;[D$WBNI?0/<#CT+]#M4Q2$C0>,^(`4]W(`GFM)L_%^?]I<2'[X<3 M(L`TWB0K&D3H2Q=MVA(SII7).I61H:9?5!,_"YWX1JIAMLN7"37E+*+LUE@8 MFHT,/.G2+CT"9L(B5`7V\^QF)IR5@UVB0;6TOA':53)"'B`5LC"/!BX?^`O>'%-U2:4`UX(/\JF85K5>75XF.J,(LKL\G>=R)[<@',>8>!S>A&9*:<_=QC@V` M$^#Y<36T,CQ:Q9((/SOM=J-M_F>:=JA(]V.\F(;-$)@Z+BQ*O7YHE)Z!-",; M3'`('^0L.`-[8F/*PF'D]W0<$+76@+^T;V<]J]!59P4"PK`GP,L+DBP&S@E7 MG@F`+O@0B`*RAQ%Q+#G!4D(=B'B>T(>P5+X<49Y3,&'$5Q.YKYZN6=11#:J,$.BLW9H"@:DY"8E1A%/K?Q M%V.^7_"IW-Q)1(7U:6&S)W[A_I;EQ&9`P*O29.NIJ1VRJE%@H)J*F$%.`@Q* M/<19`M[`,*D!A4LH5'J:4"=]O/FI%T M4D:@UZS(H,H6L<#S>R5@.'35A-S66;?1:7<-B)GYM.I!%E-#L_1$A&E00&E+ M$33L809GLD:;)+NV`P]8^TG@%28*5F6.H,72QUGV!):Y6!6$?8GR%(?L?L:Y M)4&J"H;8#*4&XH+%\SU,_B#-<$V@<*E!E[NO%_78]Z`4BJ+B0N$V2K.=2'#B M@1`>Q$J(7I">8VH)0_#P`7R77>G*A`QNC51.+PB?N:U8PE[BTD=4W#Z$/UL( MH%9ZH@=K#$FON?*B\]*Q*/^,C8(2&X86L)'K4!*!%B$UJX\-4GZ:?"8JM/P8 MV8;R@L(;,")2MF!X"Y@D9OMI3[Q"&NLVRBS1%R0*HU6AQ"M)'+0&JD8L7_J) M;WDQY7;!>#,ZJ&V35-N2P)=_"#\O&5:SJ1=/'G9@^=55L\6V%9MQ^X`6G:(I M2'P>(#Q&XUY>%.'9$D$GS;%<@7PE&I+(T5_&"<4/N]A&^:U^(^?Y$I"SC$D; M<^=1-'5FJN':V.6%MMZ@:HVA'`HE+YB4M92TMR+(::>SIIS*!YV2?2I73%3! M00I+/PH\:+T)E<^@%?;S',!B."+M'-';>4S=P_HJ'*'YHQ=T34LFKL]^5DA? MRO?\Y"`@1H(X+Z`>;4VY]Y+H&#*>0ALRI4LRHLU-#YLOKY,&X:@$/WPUR0`> M#1AAGD&8DHW8^3);H,]I1*+$L4."JK9>6TP).GRA"YV9K&&5S<%8#CC$4612 M>M(Y#E'`C:VV8[\`B5BUK293N;KBWWFK#`<:7S)`RO-@;(?-5H9S&S((-X\= MFUH9KY&>:_?H+FT!AJ1#+89B8+ARXT);P68-GL0HF!I;J`OR>E%'G6F>O8I" M7@7,-.N<;ZY\J<.W&/\B?3%$)D,14(\P70]J.J6I@K25G\(.5"QU7PKO@KUQ MWIJN%X8(D+).H,P:@]QPNSIP;0<'H!1VFG%)W[$W'8*Q*TDF($Q>`7$TPFT. MV_1VP15#7J@0=U\^8PF*L1XJUI&D7!!P';VUP01?BA93:FX;Z&;'/'7>*:YW MI"UOCM_:;HNIB8TE0H`QK$A*17LF$:W/8RA?,,Z^+$!)[4I;A6`P(NWD*J`" MP:OG5@]E%,TR^SI*1\>OL_;&%OKV``'0+R&SDC4K,Z>!T#EM5QH(Z:E;PD/G M;O.^07%]S$G?68JN>0\>Z94G@7BA!N%C+OVTKBCVBNP-ZU07)_8T-`#0<6@6 MT'EHX^P,E.TE%:[0%7S1K`>ZD7YB]H"P^&%OD*&W!<8'$OA38>@:E/R&U@$"!W_Y$K&&C;[IW:Y&>U9*9R?KH7YZG2 MWA.>$TAXD*1MH9GM[#1ZO5:[1]%>6%F^4(LQ?$D@I`00L[G9>9'*:T+N`BF) M'W*[7Y.M./KYP4")@8WIWW>HQXJI#-?#JB.ES<,>.$;LI>22(+%@%!>FSO`$ M9#$ENZE;]SF+N.2%%K@@+[CTI[#T12;,=I`M95^]TS>OOU[?+D^;X%EC?,4V M^PQ_^HA'OSN1YN!-E=S!FRN)YID$-$PD%E4U^(1.(0U4%]\*`#`?U/RU[ M\ZSG^Z.3QO'92=4PT/>J;%RY%6YRI$+?!=.E)EF8Z;J\I/BN:KQRPV:#^=8\ M&+>IWZ4]GZJ+,;.RYHM>%S/'6BO.7,DQ;1WBFU+NN%1TLFGOIGT&IOU;%JVH MUTE1['6L>M'"3(3IA66Q%;4V#;F%Y`$3#G.(W_9%,I7+C7GI(BY;CLJU>^I9 M/V)X^0*\:4Z)N7Y!#WT.RVC98";,Q05&7F:$P&S>^V1!0C-Y" MB(\B>U.E.,]/)#RFA1I+5Z1;7;9X21O#+E@#5`.]Z8KB+A)X2F@#2]MM-#G" M3H.29LMD44>D80LG,%1_:H^-X;S(X=K3/O6':5`?TQ[X7B4BDQEF(B:*>5969'6P\Z MC$UIS&Q?F).?F`2E0X2UC8@.HGBM0J(ZASF:6T0TNE/BN:M[#5 M5V#OZQ5#JY$@;BQ6>C^>537X^KM+0>#T^;M+[!+&8.38B<`7RHO2:^O3GQ6X MOO^Y_!KS',S@;!607IIFAR4`+*F87D.>OED?7^65?VM&"?NJ\N);XD7^^G(@ MD".];-F9S[-`?I7US%G!1US-M>Q MRL'^UYYN^[39[C:=/9I4^[55LKVY2MZ^FDJ63&HMAX#1@9BWT<$,'T'&#.G& MCZ;XNVRE?Q,X@I1A\3Y*&=#^1LD%/%D.77A%A\%"7?M4LW#<`_YT"8>\U7RW MG,YWEE(%D)#=B"#$':4:=#7S33%5H2`X9EP69D4_A)+>EO@%_BC]7@I(G8Z5 MI[^8HD)?+/BE%WQ,OT%CY4(P$/]+..%O9*K\(RS_M"G$ZJ^H-="06@M_S1?< M`HR]<529_I4J5S$C;;%/=7@+``$$)0X```0Y`0``Q9A=;]HP M%(:O6ZG_P6,7;%)#"*A20645!=HA=0)!J^UN,O:!6`UV:CM\[-?/#J6#+GRL MD.PF4>SC]SU^C+^XNIZ-`S0!J9C@M;Q7*.81<"(HXZ-:GBGA7%Y>5!PO?_WE M[/3J@^.@KA0T(D#18(Y:S;MZ3T5,`U)BJ*=8PCFJTPGF-J`AQF&D0:(VYV*" MM7%0Y^:#%,Y-73B7;.1K]*GQ&96*Q4NG5/1*!32=3@M`1UC&L@4BQLAQK'?` M^%/5/@98`3)9UC68#&12$'+E&K.PN`W-GIRZY/[[=]XD/8^PPKK1-?]%0L:J*R^\%B3NPAR7:&&&_G&688XL&"@VO)%,ME;R7&JOQC]_]J\@+`JU0J;ER[&FWDJ'X-7U6_5 M;Z+9EG1>H9J!/%F,I!0!]&"([/NQUT[NL&MK74;ESZ8@T1BX7K[KG+:X9GK> MYD,AQ_'8Y%#AU#+*38.`UB6^1*&M1R,Y,19BEOJ'_?6=O^D3G!`HB`N MOC??:ZXPT\`IT*6O[X,".3M\'T.J1XXB:J4?? MBW.7;(HD=UEG#[%KED2N?=#,&*9$=-WC_^%=SR--UGV--=BIHCK#3@ARL;<< M[Y>[2S\+QKMRR(IO`RO_-A#3E/`FR&=--R&%%.`VF2*!4)&$&ZR8L>U*4":! MP[:NK:)I[EE;C5/%]Y4I+>3<[)(=.<*<_8K%.\,''^R)$_/YX33W\,@$[AYY MI,KZ3IA[@)DT!.01?J-K:IGP6W-,E52=$!&94QL?=47`"`-E!LWYN5."TJU9:)?RP\ENT,T$Z`;O5#GVM2!/O@BH MN?6WGLTU^P@+9H)F)OP2?%-E]QU+B;;%/=7@+``$$)0X```0Y`0``[5U; M<^(X%G[NJ9K_X.UY8+>J'4*RV>U.37:*7+J'JFQ#)>F=?9L2]@&T8UNT)),P MOWXE@Q,;+%L&`U(J+[F8HW/Y/EW.D67S\R]/8>#,@#),HHM6Y^BXY4#D$1]' MXXL69L3]^/'LD]MI_?*O'W_X^2^NZPPH\6,/?&5M@,<_7$N?PP1`T=X';&+]Q/.I^?MMFST M-*3!$:'CME!VVDX%W__XP[MWB?#Y$\.Y!H^GJ7BG_=]_W]Y[$PB1BR/&I?N+ MA@R?L^3Z+?&2`#1,.DH)^9^;BKGRDMLY<4\[1T_,SS@ZPL&SF8A$T);(')^> M=C(R4DO-\->:+`'H?/KTJ9U\FI46ZGS^+)[5?M9>?+@BC4O<>095$/ENP22B M'B4!W,'(6?[Y[:ZW;@]'O.WCL+V4::,@>.\DSI[S^10NWC,<3@-(KTTHC)1^ MI(Y+Y,\DYC]);>VM?9H(1Z@7#\$55R&2(ZE!'XNT;^_SLR[7AQ&*`]Z@Q^NZ M&_67A`@W"?":Z@:\312Y(81#H$VZFM.;\3-U]:$1HF,QTU6[#F,[<5'GBG[;NC.NBC^`(RZNWXM^<47CB$/G@ MIV:E_XV$EEAO%YC?&-$K(AR-&/B7*)`SW?T$@+-O$8I]L8SYFX)9I79W.%99 MEH:7E@/B9`LO9(@X1YWEHOC M3\O+O]]SQ$'2^H"&`:06`C2$X**E$&H?V%5!!_3$GZS*W1?!`[G<94QPW!TR M3I''%>ZN"&5=?>F"79IW6DR,J;KE')GWN7(235N/*`E+H4O-$J7'3LR$=3*5 M?J*@Y1#J`UVDO@?%_2JF5$Y8.O"ORAZ4A>)NL\[`6H#&$7&%V$2!>_*1`3`K M>DD6[444QH&;\U^G=UL"]TIW8)75A\)D%O46X9(&!V6J;G=4\&?^0MWU/!)' MG`W07.;X%8M*L;`I3.DL,8IPC>/E*^&@1TJ1I$6,%`9JP<2F/:'91$91F,5< MG!K!134)EJ*O@OWOAX.]=DYF:A:VS=IN538V$+I`]+I%C/]!0:S:Z"N2/'"F M7(>5PD"-6]*O2!B2J)*+-3&+B%@/T;A!T?5]O/!F@+#?BZ[0%'/I6G'&JY"V MB!-EP,8M[-$W9AH&CMBK`#7?L#CWBFMBITV6KV?!0$&P3U.J= MX:7/QT=G0CHY1G'N$3&E//&;()&[:#$8AP6U8GOOIP,&2-98$^#80QK'FS8Z M*I"W<;!S`WDWW@X1O+Y#!/FJ1O#=IXES?I):#X#>3T0?T*KHE(TMF&1U83"N MWLL[GGC)NC&?$(K_!%^+M[5&UO&U'K9Q%6&F:*TYR'1:6L"8%@#&Y9T9KS7' M5ED+NVC2'54'+-C6O.TQ%NM3LY2VD98TT&)*S@RBI!]S^3B!?$1%EY=L$QO) MR85XJ_7NHRJI<>*O(7E]%=@?GCRV8&%]",:YN6HZF:'SS-)5#K>H`AY*@C6N4+J&*04/)S/=TEWE M#9=UR8.24=FG\C=0"N(T;IA\@4C$%'0CO^N'`DT9#\FJI4]+%7&;]SX M60M/=T*SB)6"&(W;.>A%'@GAEC#V600J,CKA;RQBHEDA%79A4K:&MH*`C5NL^@K\)<^IB`B M+V,!_"M!&;<=]!O(UX:`WYV)43R&K[$,N#]:VR>Y1$PY\=7380%I-4'1VT': M(ZDWB$;"/99NW)>15RQK`4F*((O)^.?;=EZ3VWGRF=C/`7G@?H];^85 M>/"VE_?Z]O+$ZBR9'E`RPZ+;7,Z_B7[0BY[KEZXGBLG%T:[R[:<-%%DPQ6X" MCW%;)):EE9MWR=IIYR&?./7_%S.>3+8/Y`[$\N;A`')>/Y!FAN9.3%DP>'<# ML7'[:1;O1^]R$-BWE2V"IH#D\PF+WYDPET^K5`ST&@HL&+YUX#!Q=VW%^95G M[K4I7&UW4.;J=]%R1M=`,6Y0ZF^MBAEGF&5WO>XPIB'!$Y^3S08`6;_445Z>A^I46-1286#YI=.;< M\?4:<-DR9Q=`L/4X?@U:1`@\KB=J^,304XQNU-Z$>^]5+Y&BBN`Y=Q98_T7&3K M\I?,V&\HS#Y/",33Z>($"PK2$Q:9+Q*I>I6@9FL+"-0&HIC"CX?=`16$L M7R.FW,3/B!R6C'K]+;]9GXW3N.HB<\BZE(F\E+UDK$2K5R6\'?+3_@8KS+R` ML'AQBI+U1P/1]R534O/&7UU5JG2'WUE5:G>7X/V*F1CO<[$T]^D81?C/Q&1_ M]#`!^>V-*)IOCZ6&C7U`J^'&+I'^0N2-.2+*3=I`_\QIVP=Z.8.[Q&EYAUE8 M&Y``>XMWU"55NR\^9=M#5V5@'VA6^;!+@*]A*.\'I>G"\GC-]K@J].X#3H7I M7:*X_M;$[1$LT+D/]`K,[A*YWT3)AV3Q)R;B)$%H8$P7Z-P'<@5F=XG<'20O MOQT@RN&UL550)``,>;;%/'FVQ3W5X"P`!!"4.```$.0$` M`-U=_V_CN+'_^0KT?V"W#R]W0!S'NVA[N[UMX4TVAZ#;2[#9:]]#41QHB7;X M3J9<4O8F]]#_O20EV;(D?I%(2[S[8;.)3-MA&*P>`;O MK[^=?V1;G"'`TF7V&5)T#N;Q#A+1X"I=;[89HN"6D'0',\Z!G?,_HHMS_MWF MF>+58P:^O/H*O+R\_'KR\G+V\@)\_OSY`L4K2"79BRA=@\E$\$XP^?&-^+&` M#`$N-6%O7SQFV>;-="HZ/2UHS4M&[[X]:^^^$(V?O/$\%&'SZ_* MYK/I__SUPT/TB-9P@@G+A/AY1X;?,/GYAS22`[!@"90MQ%^3LME$?#29O9R\ MFET\L;@BZ!(G>S8D)6@J-'/YZM6LTD90Z3C\1I="`;/7KU]/Y;?5UIQ+LE0%$R^\_WBHE>WU$*^\T'4K& M>T1Q&K\G_82M]1Y8ZH<,TLQ![DK_P23_Q(T=PTJ893/I)>^B92YM; M3O'!!_[;D=#H*4,D1G$IMJ"C>8XE&VDI!.&2SLJ9858$PS/Q7N2\Q;L;D'#X]\W?0.,APIT-K>UAF06A%<,,=G`20I8X"K'3!!&DS`0E#7(6]P\;.] MH?0VAC&>'JT>Z@^(!90&->?<&TC7Z`-7M-I25]KX,,)-EJY8%[1\(KNWD%:( M#@V_K:-M,>PJ&`R'U_UKY/W3!A%F7&6HVSOCV"B*"Z9+FF]"@XIQU'786,[` M++L[`RN;D*Z(*W@!"2KT-#630UU MZ/69K.%P^`'#!4[D2OAJ2RDBF0%[F@[.>#,+XX*Q@B1(#ER",VQF#=3A93L? MHT!J3N*'+(U^?$P3KD?V_E];G#W;`TS?W2?8,)M-H;)?J>#TB78,\)E*Q"PV47M=0QV7WB!O2*TPRQ>_@,%PDJ3+O* M-VYIZ>XAJ]D[^3M;)4AP7Q!0L@.0!*DQ"`4L'/52M4:=Y M&3(@POW;&%=E^C;%9'4E%$")6)8I8R'FGA["(-;BN8!.T@0%42"HAH*V'HIH MQC8Z3E2(>V74F5=;`@/NC?&5LXTX.[!E^3[6M.,FF3"&9\SV.HTQ[(U`FCQQ M+]`.]US>DH@BR-`URO^_)?,H2K=\A5.XZ(K'T=S/^2FT%LWEX2N9`$PX$G/R MH099K!52AV''R1H.?==H0U&$I:-6Y,05>&MKZ8PP#7LGC[M"%J"4"ZCV'``3 M+,[S_:\,P#V7T&!FIY,ZVKK,5%?0,11=K-+=-$8XQQO_I0XS_M$/>?CT;VG" M%P>0/M_@!-&Z1Z9NUQM,1M9.^P?SF/>>,LA)AP(:X]A+G%CJO7\(LA[CG&F" MC^JV3F%'HPA>0]2A0,!JY-40HZ7VAWLU56.>GR@D3'CU*6&'0)0I[]&%@O-+ MJX>X_B+=58:5L'?0^9(>"JN_WGI/\.A!RENR0\PE2-E&X%1!2HVP7H.4N.0S M;)#2<7C=@I1=QQA0D%*C)\L@I1&TH^R)%)+>).EGT^$$;1>?>R"5`GG;^R@X M`,DB-.S9J$&SU]$P,:?U<3ZB%19<2?8=7-?G6MG,@X?3SMB#@W,@#`3E4,!B M&GG3O='I?,"S45N&"6+L&K&(XHW<2T1B<4*5W2VYK\XXAF54T;2R[4'(_O'*=_R/ATAK@\V3W$JFCB41,/ MD>@F0[?PG*!-P4\X M"*N]:LZI",T8-#";UKRE^3' M]ZPZ9#VOHYS156"TVL+G25L?J)*5S:KGN'U:_9ZR:LUZ)X%'/MNK`K<2$*>* M%I1G2_85#J]A8Z.TNIU3O$#+VLN1H)PRX*2!H!T*'HR#K\8,+!0_8$T>NH($ M_R3]N:N4L#3!,2QOW>*'M7NO'YQ!=4%P51)3PK8@B@PY' ML8:C,^0'><#_S_[MTVP/KIQL7PST1!H*Q2:<1,.-`DW^'['A;(]8]'$YQ7^B ME,4.)D*JW"S6=P`K3$PG$LZ6I(_`KNX[KNSW%BYN:/#NHY,ZBOO/XEA[&>\A MO:/R28K_!I,M*NM!*F!JV=GSWD:3D%[W.&X@!3O!)32`=M.)?H^CWP`JW,PN[P\O\S_-7?4GH,_ MG/_^U=&7F+$MQZ=8-Z3;3%30CV5$1>9UN#"O9M/92_DUU[;X8Q8:=%5:;MA/ M[?R>RM$L:J'<8!;!Y'\1I&I?4]G4R=TT">`$QJ+J74X<".I!>ITF'50=3[M9 M.!5"1BMK%S0L"<(!,60YK]UJ-5)UZAUP&KM-A4, M?=0D2G5XQ( M6$[``JTP$47EQ;(D>T2B8C[W>WP&>;P/:5.[A>:7.+KR;B#UV%"^H+0>6#CN MN4(Y=GZY]HD;Q??)CY[='1;Y9C^HV<6G3Z04R)]_5#@Y%<\F..A9Z$/CR1AF M:,Q:W^;X?`^9PQEEF7M MV]LZHUXK@@^W'DH&P=6QUXZ[CA@+W9_V1$+!^B/:I%3LTQ&!T:WZ\+6BN8<3 M"GI!/)Q4*&&SYP!R%J'@QU85S:,+-I,R9)(EC1"*V0T?U55*,HH7VPSQ!>@& M6D.7 MY1$W>95R8;+ESVY1I2TE[!U:IA3E[3[!)\2N^2\L4]Z0Z$+14WD?I^&X/'R" M,5A(#OGV<7&5-^!_BM2[*`Z4"8ZAX=F#TMJ+!WD`P2@Q@(X9>9N>/B,"I\S% M'P<&@DW$=]"&)BP07`H>LD=-P-I//-I7N#DX2%3&UA9\'-2;XT9_.-6GCS&!ENW$Y<'7R_0T_BM8VYWXA2Z M'C"'$,?R,D"8""ENB3Z"IVKMGD?0B^&T)6Q/6L)E(K?G!QGZ,BBAD5:PF8PA M7U<4[V"&=_+ZTQN(J73[S.\M0S9'L>^PE]5#08*&`MH/=V@GH7^UZ;P__BF!^01N)[2[>L^WI M5`F[HW@NR*F\!DMF\O48Z)5\'353K9O=:^;&R=??,K:%7`]WRTJTWB)EW][/ M:]9>*YJ3UU@0ED?*HDH:YE0I?.>1:-_(O88S=C9?JQ)=0M\">$,ZS/^W99D\ MEO\I_8B$#G""OD/9(2O[*;6\FLVT9^\4K#RXZJ=3@)N?OY<+9"F@I62`H`PD M8N\`_Y38W!88WF[#$ZJ\&54X->A&B'H6UW.]0P0ML?Y:K&9K?U'0=C'<3O?W MV0I$4_BW,J3]ZI=$8K6_L_?'(OA_>A-7E\@ M-"@9M&`\<-,V&V,FUZVSZ*=(E_N+QK%F=ASEV?$O8_[L1CC[RJ=I=1N*1=C. M<3QAI/;M<_BC7R3R`1-TRW]51:%;&OJ[-*3!W&V?2'E5R#\$72`)!Y?"4(]= M>3^(0O/]`WXBV:^)ZAU][12Z:V/DN@$CE`E5C:\:95-K MKS&15RN)30&UB]-K>#7U<@:II5@NR"Q82!3"(R;EQ?9>`S`>1Z1U&1R'-<9S M9JF:^L/5"80#9A>B*-V*DJKY.TE?QD+1V#W"KQ7"*49?4`YU+:$?>2-4;J'_ MD:I!J!!SU,9O]0=_(9CHJ/:#_XU1IRUR$O(^*1.@U?`8&L=6Y4Q\US'QFH[, MEZF>;P'H+Z>VG/\\8,S:55<9HZS*#4X0O8(96J54?0SQN)6'0XBM;#T<091T M04DX%#`8QMT\?:C1]X!7O.:7C=LE%<3PBLJ@[2C88STGJ)[(+" MDB&`.4=`),OJ)KA&L451VE3P]_D6/MG`MSEP;KSZX#W([]%=':,!+NKV>:OE%W5?= M\])?ZWD=\(K,,CU6!/%56W":[=ROKE2Q=H^&GB*?Y"2N12PTU&21EG\H`@2PE?;PD%TQI(S.T]N(`&43QX?X+#Y$?!`I0\0,XD%`!9:Z/I M\EG-S(#;U/&*8/[6@"0[A+SOTX2_1Q`S%D2TZ^R^G;V3D$Y;W`^?H#)B*<<9.DGV_),J5K63'=`"_;WNZFKYN83K:OP@K$X15DZ:F2AJ'K M,W5CGJ,T05'=X03G*KT"[N?GR9H58CZ1.,;.I/OM@IM=#G58AU%[&P]^0@M+ M#[Y!3A5(LJ&`0SOFI@>@U'/_\X9W=`4)_DD:L*N4,/Z.C7-K1F+NN3)A[,2? M=\LB2@^3_>%'-M.<5/1$V.F,H]_!N6"P*LDY.))%ACJJTHA=&'MYP$&@4$#K M7[/5EM]!P+NT<#. MPCH%";DTCY`A`>\E?A(QOB"W"G?72B/BUW,.AX/I1[1#9*O,:NZ_=H98G9$+ M@`I:H>&E/L0Z&MJ5.6*EGOD^[JZ8?ET/_Q5[FN)XK]ISR#2$!AX+;1BK]ZAF M9\AZ[3N4I-*B\7?Q"O'5*J(;BL6!8^F-S:-HN]XFX@*OZRW%9%7OH4"B!\(> M:K[[&IQ;>0W)"\`#,Q!+;B`^L..XY_Q\IJR'';TVJ>U+!6,\Y_[4V*R?[_<1 M.?5VYD^<;$L@X>AK+YN6JXR\[%,6!$/!E6J@;7N1#RJM2O^!_\8_*S_B/Q9\ M<;;%/=7@+``$$)0X```0Y`0``[5U;<]LV M%GY.9_H?M.F#=V4(8)/#XX/CPXZ$'O$1WA\ M>H`8Z;Y]^^9=]_C@EW__^,.'OW6[G0$E?NA!OS-<="[./_5O68@X[#`RX@^` MPE>=OC\'6`JDLY)!VKC`F<\!%"^R5^,<[?"7NS184C2>\\_>S?W1>'QV] M[;X^.GY]V'EX>#B$_AC0J-I#CTP[W:YL.T#XS_?RQQ`PV!%:8W;Z`4=!%F M7*H?%V3H/8NN7Q,O,L"@R8Y60O[778EUY:7N\>ONR?'A(_,3BHY0L&X&$PQ[ M$IFCDY/CA(RLI:+YN2)+`([?O7O7B^XFI45U/E^+)VM_TXMO9J11@3IK4`61 M+V(F*0G@+1QUY.\OMU=J@WOR;@_Y]-LY\<(IQ'SUNX_]"\P17USA$:'3B)N7 MG]P3.8]'Z(((?E'I'[WZ'@9(C^)2]_BYF_A&,E6 M,?\,IC"CL%8LJ6"2Q#Y-*PNHMZI2_!DQ>*#U[:5$;R8Z/\R[W@0%_JKTB))I M!0!72I`"&SHA$]J0F2P(@H,.H3ZD<!I.4>1SQBKIN"D*0KZ0B5?JG49@+$"^O1]QR#/&*>&^I]- M01VK?2;4H2"X$N/GXV]PH>W6LW*.0:\Q5DW!FZ8H.`NI-/02,0\$_X6`ZOL< MK:AC1.A-5G/Q<\/A0*93@N\X\?Z\FPCCV4W(Y3Q:YF;ZV"@JY!@_)C"HF?I7 MLTQ=H@#2,^$Y8T+UW59:RDDN,H:JP7_;<)C$47P+9X1RX1-W`L>0Z0-$+>XD M'3K3U;R\:Y:7/T@0"A!I[#1Z0K)R3C*1,U:3IATUR\%7&`2_8?*`[R!@!$/_ MBK$04BT7.GDG.=$:K^&F\1SZ:>)Q*:ZH(D0GZ1@?6H,U3#2>9<>*Q>FG&1=) M6:?92!FMX:.QE#NV81`.`^1=!@1DUR+5,H[AKS!2@_LZ__[0RQEW+2YLO)Q^ M1D3:B1GT/X)`+LS?32#D[`L&H8_XT^)UU97TLFIWN8A>UO8V[CL";!AY1LBZ M8P!FL0_#@+/5E:PS+R]_DS,R*!WD9G2)L-`+B8@C#!6LMU`Q!4(MH63E!LIT4\8USH&^HR) MKJ8DG#-";4$^YS1)]+.&Z9'O"!M&4&2C_G5LME;'2$$N2PGT%GFBO:M M.4=9Y=ED>^>/V\Q)G)I'#E8^%FG]!PA"W6*X2M+Z++\*+TI36S<526P6*V(C M)^84%7DC6Q<8?=]'L38#@/PK?`9FB$O5U+-UC;13K&A-WM$V]LW).8=S&)"9 M3/!%IC^&%YA#.J.(P7,X0A[B(O,(IV$`./3/0XKP.%M"PV,-%3M%>1U`[O4, MQGCF8IOW>FU!U=AXWB#TO$%HXV4"T?G< MT$AO/TK?!I!&+S89K1QH"[>%J<+AU!2(EC,8OX?6#_F$4/07](V8RQ5RD+&\ MX:U;>4@LCE0,-).23G!F!$'K5B5R[WF6QE=1"=>(,HVLK5_)KY&@Z'TJ8W*6 MTFX2LS)U1R_IUTB*_B5QHR)NTF/P2OC/.W^79JT[NQG=S""-3SRK[Z6:LOH; MR:?+E+`3!5?8(U.XUJTD>=9)V\[/W,F62_!^3H^?T^,*#-S".<2A=J?*^G9; MT"X9[(S+UMDU,L[P42!N:W+6L^A@-%#$8A+=;7/6/.2 MENDH]:OT,U.%I:T+E4\0"YN"/O;[_A3AZ`1&CN:PF)NR4B[Q5(K`'NUZS0%C MVB$ZQ:C"RCUZ3!U/2:\)8Y<"(I&O"$M#8>Q3DO(1C@B%L=P]>(3L7/S!./(T M;&]3HQ,#Y%:0M6[]<*WETKT_B@YLA(ISP+RT0\0I3-VCS42?(7_R3PV):1DG MJ,N8I5]/=(ZPKU">YP_]_EST'F/X.9P.(;T9Y1;H/@*F[7*KU>$$X15AT2]> M.N<0%X!B81A;/7,J(EXMZP3!&C/U!Y.V=5]8RG]>RJTU;I2L-*)DCT4M]7'P1W?8^C>;R?N#C$-ZBH+0R638`K`]1&EMU*3C9WR\K)B\TC(OS_A8Q'X_L] MN84>P1X*8$KK>U)/>.ZD*2<">#<@/S^1J9/)70;"%@]S*F8^(F,>$LOG!`K` M*`3RA;[X=P*BY0N>Y9M-3"MP(ORK`-+&->*,\IE#=HQ)S):SOR&GHIL6=-$_+6][B"@4Y@C'YHM!`.)3^<75Z'5[#;L5*FAG"F?@T*GW>2H`YDJ?KX!@ZUC> M#[:K`+;_??_RW/_M^_ZBBESN^PL!:MVK+T)[#T(_VKR2/)=1U]/KQ-L9Z0;. MFGY/4P=&ZWKQI*IRTQ%%PY!#O_B(J))">\>A"IC:>N@V+*PDC95OU\G3%VY& MB3>[#!Q!76[O?$$#SQYMWC3';.N!>C_[0I4-HL^MWFPQJ%`EU2GD(BWE M,AT9>TLVDM2]>_KID$"Y[YO=C`:)FC?=,UUW7-6E\];);R;?T#'` MZ*^HRC."&0F0'_.,_61SB0^U/NW;/M:,!S56;"EREX`OG[SKC^_)RUF*WOJY M3`:V`HZ2SG9WH?TK8H+TA;`I:>_-Z'X"S\AT!O!B^T@W:*.9P#=0Q-+NSK4K M#(2;>09[-/4%;,5XR,3\C[%SR#R*9LM`472U]X+#CX%^%72#BFQO22QE+Q7] M&P!EK7OX1.1.'((]2&L8\E.U-1/RJ28M'<&PS4!2=HY-+75;.W[_>XA\Q!=J MNN2S/HW9)B5MGU]1)^OI<_L-4+/682CZ0FDO\:`O3QO?O@\I:Z"9;J5,B^=I MQ*9+9FB,T0AYF"Z:`6(OXE8)HLKUN7[JMK57A(;\"8VRN--)6\S>51BG7^_1&&@MCO)?X-D^AA1U M-A,_BH8MG=1A\KG1@D^,6OW&F)S+F4>A>7G+`^`FWQW30F$M7K\"2H&&L,&WH*J4M#9"4C2/CHV4BJV5 M+1\J2XI9'#,K3LO0L!:GRT]>#0#EBWOAY$R84$^T:FMN)F:US=<3NJ4,I/=":2W>.,26=^2/(6!0 M7/D_4$L#!!0````(`+F$KD!7]OCUE`4``/LD```1`!P`96=R=BTR,#$R,#,S M,2YX;;%/=7@+``$$)0X```0Y`0``[5E;4]LX%'[NSNQ_ MT/*PIC,XCDGI`IO0H=R6&5H8H+O[QBBVG&BJ2*XD`]E?OT?R-8ECG&T9.MOP M@FV=\YW+)QU).?UWCQ.&[HE45/"!XW>Z#B(\$"'EHX%#E7!W=W?V7-]Y=_#S M3_U?7!==21$F`0G1<(I.CL\.KU5"-4%*1/H!2[*%#L-[S(W`D9C$B282G7,N M[K$&"VH+7H+.%HS%4TE'8XTVCUZC[6YWU]WN^ML=]/#PT"'A"$L+VPG$!+FN ML:V",9E@!.YRM1\2.G#&6L?[GO+&!IB[_,@H_UPG[N_M[7EV-!== MD+09R:![GAD>8D4*9!BE#?*4*VT(K,J'>C;=F?".EP[FHHER1QC'A6R$U=#* M9@,UU$"6>#*I=R?4TM/3F)A4NB!%)`TQQ3'@G[\JIO M(M[/P[XF$;+IVC=0@PU%)S$C&]FWL2318(.,Y+V;4W472](!YW(1*1BH+4V7 M&?9`1<$4L1Y=E(9S""R#!90%.@%$Q$1J2E3!V8;W;4(*2;1J2*!".?U>`V)X MN&I`H$+8]QA+@-FJL8!*D+!GGFX&XQ9B0.;AT_5Y@3=3V5*':"COC@0/"58U.MZDA:(MG`C=]= MX,:`6#)H!H-(BO/#4U)L%.\Q,R?>FS$ANG&?6B+8M%BVEV]/&1I*X=:;4GMJ MKN"FR6$OT!2\:LW3K%83:;W_0AK:G#&P)K$L0V<"M@;(84`DKRMT,^--Q.PN ME#>KBC+==,$]F4]/8?KL9Q8+RH$M)%NHL.W=&3:U4>SWZ10 MJ(*UIJ>8N7]A*3%<3,RQ.;:7DKIU42/5M/EO+ZR.'"`]3*<0:Q:*#+W'BL*5 M\ZH29QT-=6)-R^+M`@\6P5Q@JBG]X8FHO?\?834^9>*A]0\&-0I-Y.RT_;W` MX"(+O#Z:U:Z>:P(V[;%*3V^AS"@<+*UD2V6;ZEEO81UE,,CBH"K0FI]/F MH87QQKYV:CSK3"-.&<-#!KI:)J9Q:UJ\^S'P(T*SF`9.F*2M#P?9KI232B@M MX?)\#F<>(^68VN1$E-TUW0ZZ#*J?P3LX1\(-@447.]*DNJ>BK"UNHO&F3UP+5"<$^JO4A0\[X6 M$]7\0-[6M6Q^SJ@\+P?5AAC<,I1@-$P7@NFUE'OO971*.6PL%+/R"N(_1=6W M0G_1:3I_^'DRZ@:%%H'TO;12P^._4$L!`AX#%`````@`N82N0(^!Q)Q+%``` MTFH``!$`&````````0```*2!`````&5G&UL550%``,> M;;%/=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`N82N0"5OUT(+`P``PA0` M`!4`&````````0```*2!EA0``&5G`Q0````(`+F$KD!8^9F5!@D``/Y[ M```5`!@```````$```"D@?`7``!E9W)V+3(P,3(P,S,Q7V1E9BYX;6Q55`4` M`QYML4]U>`L``00E#@``!#D!``!02P$"'@,4````"`"YA*Y`J`Y_(],2``#? M\```%0`8```````!````I(%%(0``96=R=BTR,#$R,#,S,5]L86(N>&UL550% M``,>;;%/=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`N82N0&\&/,DJ#``` M`+,``!4`&````````0```*2!9S0``&5G`Q0````(`+F$KD!7]OCUE`4` M`/LD```1`!@```````$```"D@>!```!E9W)V+3(P,3(P,S,Q+GAS9%54!0`# I'FVQ3W5X"P`!!"4.```$.0$``%!+!08`````!@`&`!H"``"_1@`````` ` end XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Accounting Policies and Procedures
 3 Months Ended
Mar. 31, 2012
Accounting Policies  
Significant Accounting Policies [Text Block]

Note 4 - Accounting Policies and Procedures

 

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent 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.

 

Revenue recognition

The Company recognizes revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the amount of fees to be paid by the customer is fixed or determinable; (3) the product has been provided to the customer; and (4) the collection of our fees is probable.  The Company will record revenue when it is realizable and earned and the product has been shipped to the customer.

 

Loss per share

Net loss per share is provided in accordance with ASC 260-10, “Earnings per Share”.  Basic loss per share is computed by dividing losses available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents, such as stock options or warrants as of March 31, 2012.
EXCEL 14 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\X93,W8F5F-%\T,#=F7S1D931?.31E-U\X8C=A M8C(Q-F9A.38B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-O;F1E;G-E9%]3=&%T96UE;G1S7V]F7T-A#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DAI#I. M86UE/@T*("`@(#QX.E=O#I7 M;W)K'!E;G-E M/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E=A#I%>&-E;%=O5]4#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O M=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D M/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D M('=I=&@@36EC'1087)T7SAE,S=B968T7S0P M-V9?-&1E-%\Y-&4W7SAB-V%B,C$V9F$Y-@T*0V]N=&5N="U,;V-A=&EO;CH@ M9FEL93HO+R]#.B\X93,W8F5F-%\T,#=F7S1D931?.31E-U\X8C=A8C(Q-F9A M.38O5V]R:W-H965T'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^,3`M43QS<&%N/CPO2!6;VQU;G1A M3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\X93,W8F5F-%\T,#=F7S1D931?.31E-U\X8C=A8C(Q-F9A M.38-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&4S-V)E9C1?-#`W M9E\T9&4T7SDT93=?.&(W86(R,39F83DV+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S6%B;&4\+W1D/@T*("`@("`@("`\ M=&0@8VQA2`H M9&5F:6-I="D\+W-T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'!E;G-E'!E;G-E'0^)FYB'0^)FYB'0^)FYB'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA'!E;G-E M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$&5D(&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S2!I;G9E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S&5S('!A:60\+W1D/@T*("`@ M("`@("`\=&0@8VQA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$34%21TE..C!P>#X\ M8CY.;W1E(#$@+2!"87-I2!T:&4@0V]M<&%N>2P@=VET:&]U="!A=61I="P@<'5R2!A8V-E<'1E9"!A8V-O=6YT M:6YG('!R:6YC:7!L97,@:&%V92!B965N(&]M:71T960@<'5R2!F;W(@9F%I7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@3PO8CX\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>#XF;F)S M<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>#Y4:&4@0V]M<&%N>2!W87,@ M;W)G86YI>F5D(%-E<'1E;6)E2!IF5D('1O(&ES6QE/3-$34%21TE..C!P M>#XF;F)S<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>#Y4:&4@8G5S:6YE M2!H87,@;&EM:71E9"!O<&5R871I;VYS(&%N9"!I;B!A8V-O'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$6QE/3-$34%2 M1TE..C!P>#XF;F)S<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>#Y4:&4@ M0V]M<&%N>28C,30V.W,@9FEN86YC:6%L('-T871E;65N=',@87)E('!R97!A M2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R:6YC M:7!L97,@:6X@=&AE(%5N:71E9"!3=&%T97,@;V8@06UEF%T:6]N(&]F(&%S65T(&5S=&%B;&ES:&5D(&%N(&]N9V]I;F<@ M2!H860@86X@86-C=6UU;&%T960@ M9&5F:6-I="!O9B`D-SDL,C`Y+B!4:&4@86)I;&ET>2!O9B!T:&4@0V]M<&%N M>2!T;R!C;VYT:6YU92!A2!W:6QL(&YE960L(&%M M;VYG(&]T:&5R('1H:6YG2!S96-U2!I2P@86YD('=I;&P@8V]N=&EN=64@=&\@871T96UP="P@=&\@2!A;F0O;W(@9&5B="!F:6YA;F-I;F2!T;R!C;VYT:6YU92!A2!A M8V-O;7!L:7-H('1H92!P;&%N7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$ M34%21TE..C!P>#X\8CY.;W1E(#0@+2!!8V-O=6YT:6YG(%!O;&EC:65S(&%N M9"!06QE/3-$34%21TE..C!P M>#Y4:&4@0V]M<&%N>2!R96-O9VYI>F5S(')E=F5N=64@=VAE;B!A;&P@;V8@ M=&AE(&9O;&QO=VEN9R!C;VYD:71I;VYS(&%R92!S871I&5D(&]R(&1E=&5R;6EN86)L93L@*#,I('1H92!PF%B;&4@86YD(&5A2!T:&4@=V5I9VAT960@879E&-L=61E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\X93,W8F5F-%\T,#=F7S1D931?.31E-U\X8C=A8C(Q-F9A.38-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&4S-V)E9C1?-#`W9E\T9&4T M7SDT93=?.&(W86(R,39F83DV+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!A;B!A9V=R96=A=&4@;V8@)#(L,#`P(&EN(&-A'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M'0^/"$M+65G>"TM/CQP('-T>6QE/3-$34%2 M1TE..C!P>#X\8CY.;W1E(#8@+2!3=&]C:VAO;&1E3PO8CX\ M+W`^(#QP('-T>6QE/3-$34%21TE..C!P>#XF;F)S<#L\+W`^(#QP('-T>6QE M/3-$34%21TE..C!P>#Y4:&4@0V]M<&%N>2!IF5D('1O(&ES M2!T:')O=6=H($UA2!D;VYA=&5D(&-A3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\X93,W8F5F-%\T,#=F7S1D931?.31E-U\X M8C=A8C(Q-F9A.38-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&4S M-V)E9C1?-#`W9E\T9&4T7SDT93=?.&(W86(R,39F83DV+U=O'0O:'1M;#L@8VAA'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM M96=X+2T^/'`@'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!4'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\ M(2TM96=X+2T^/'`@2!T:')O=6=H($UA2!D;VYA=&5D(&-A2!A2!B96-O;65S(&%V86EL86)L92P@2!F86-E(&$@ M8V]N9FQI8W0@:6X@3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X93,W8F5F-%\T,#=F7S1D931? M.31E-U\X8C=A8C(Q-F9A.38-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O M0SHO.&4S-V)E9C1?-#`W9E\T9&4T7SDT93=?.&(W86(R,39F83DV+U=O'0O:'1M;#L@ M8VAA'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M M87,M;6EC'1087)T7SAE,S=B968T @7S0P-V9?-&1E-%\Y-&4W7SAB-V%B,C$V9F$Y-BTM#0H` ` end XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Going Concern
 3 Months Ended
Mar. 31, 2012
Organization, Consolidation and Presentation of Financial Statements {1}  
Going Concern Note

Note 3 - Going concern

 

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company had an accumulated deficit of $79,209. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources.  The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital.  The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing.  There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.

 

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 966 $ 314
Total current assets 966 314
Total assets 966 314
Current liabilities:    
Accounts payable 600  
Note payable 2,000 2,000
Total current liabilities 2,600 2,000
Total liabilities 2,600 2,000
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding      
Common stock, $0.001 par value, 100,000,000 shares authorized, 7,630,000 shares issued and outstanding as of 03/31/12 and 12/31/11 7,630 7,630
Additional paid-in capital 69,945 62,945
Deficit accumulated during development stage (79,209) (72,261)
Total stockholders' equity (deficit) (1,634) (1,686)
Total liabilities and stockholders' equity (deficit) $ 966 $ 314 [1]
[1] The numbers in this column, for the year ended December 31, 2011, are derived from audited financials.
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Basis of presentation
 3 Months Ended
Mar. 31, 2012
Organization, Consolidation and Presentation of Financial Statements  
Basis of Accounting [Text Block]

Note 1 - Basis of presentation

 

The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

 

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein.  It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2011 and notes thereto included in the Company's annual report on Form 10-K.  The Company follows the same accounting policies in the preparation of interim reports.

 

Results of operations for the interim periods are not indicative of annual results.
XML 18 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
History and organization of the company
 3 Months Ended
Mar. 31, 2012
Accounting Policies  
Business Description and Basis of Presentation [Text Block]

Note 2 - History and organization of the company

 

The Company was organized September 11, 2006 (Date of Inception) under the laws of the State of Nevada, as The Engraving Masters, Inc.  The Company is authorized to issue up to 100,000,000 shares of its common stock and 100,000,000 shares of preferred stock, each with a par value of $0.001 per share.

 

The business of the Company is to sell engraved awards and collectibles via the Internet.  The Company has limited operations and in accordance with ASC 915-10, “Development Stage Entities,” the Company is considered a development stage company.
XML 20 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (unaudited) (Parenthetical) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 100,000,000 100,000,000
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 7,630,000 7,630,000
Common stock, shares outstanding 7,630,000 7,630,000
XML 21 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
 3 Months Ended
Mar. 31, 2012
Document and Entity Information  
Entity Registrant Name Engraving Masters, Inc.
Document Type 10-Q
Document Period End Date Mar. 31, 2012
Amendment Flag false
Entity Central Index Key 0001416697
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 7,630,000
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2012
Document Fiscal Period Focus Q1
XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (unaudited) (USD $)
 3 Months Ended 67 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Revenue         
Expenses:      
Depreciation expense   127 1,521
General and administrative expenses 6,948 5,739 77,688
Total expenses 6,948 5,866 79,209
Loss before provision for income taxes (6,948) (5,866) (79,209)
Provision for income taxes         
Net loss $ (6,948) $ (5,866) $ (79,209)
Weighted average number of common shares outstanding - basic 7,630,000 7,630,000  
Net loss per share - basic $ 0.00 $ 0.00  
XML 23 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Warrants and options
 3 Months Ended
Mar. 31, 2012
Fair Value Measures and Disclosures  
Derivatives and Fair Value [Text Block]

Note 7 - Warrants and options

 

As of March 31, 2012, there were no warrants or options outstanding to acquire any additional shares of common stock.
XML 24 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' equity
 3 Months Ended
Mar. 31, 2012
Equity  
Stockholders' Equity Note Disclosure [Text Block]

Note 6 - Stockholders' equity

 

The Company is authorized to issue 100,000,000 shares of $0.001 par value common stock and 100,000,000 shares of $0.001 par value preferred stock.

 

From the inception of the Company through March 31, 2012, an officer and director of the Company donated cash in the amount of $35,475.  The entire amount is considered to be additional paid-in capital.

 

As of March 31, 2012, there have been no other issuances of common stock.
XML 25 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
 3 Months Ended
Mar. 31, 2012
Related Party Disclosures  
Related Party Transactions Disclosure [Text Block]

Note 8 - Related party transactions

 

From the inception of the Company through March 31, 2012, an officer and director of the Company donated cash in the amount of $35,475.  The entire amount is considered to be additional paid-in capital.

 

The Company does not lease or rent any property.  Office services are provided without charge by an officer and director of the Company.  Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.
XML 26 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
 3 Months Ended
Mar. 31, 2012
Subsequent Events  
Subsequent Events [Text Block]

Note 9 - Subsequent Events

 

The Company’s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are no further material subsequent events to report.
XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (unaudited) (USD $)
 3 Months Ended 67 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Operating activities      
Net Loss $ (6,948) $ (5,866) $ (79,209)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation expense   127 1,521
Changes in operating assets and liabilities:      
Increase in accounts payable 600 500 600
Net cash used by operating activities (6,348) (5,239) (77,088)
Investing activities      
Purchase of fixed assets     (1,521)
Net cash used by investing activities     (1,521)
Financing activities      
Proceeds from notes payable     2,000
Donated capital 7,000 6,000 35,475
Issuances of common stock     42,100
Net cash provided by financing activities 7,000 6,000 79,575
Net increase in cash 652 761 966
Cash - beginning of the period 314 191  
Cash - ending of the period 966 952 966
Supplemental disclosures      
Interest paid         
Income taxes paid         
XML 28 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt and interest expense
 3 Months Ended
Mar. 31, 2012
Debt  
Debt Disclosure [Text Block]

Note 5 - Debt and interest expense

 

Through March 31, 2012, a non-affiliated third-party loaned the Company an aggregate of $2,000 in cash.  The note bears no interest and is due upon demand.  
XML 29 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 7 62 1 true 0 0 false 3 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://none/20120331/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - Condensed Balance Sheets (unaudited) Sheet http://none/20120331/role/idr_CondensedBalanceSheetsUnaudited Condensed Balance Sheets (unaudited) false false R3.htm 000030 - Statement - Condensed Balance Sheets (unaudited) (Parenthetical) Sheet http://none/20120331/role/idr_CondensedBalanceSheetsUnauditedParenthetical Condensed Balance Sheets (unaudited) (Parenthetical) false false R4.htm 000040 - Statement - Condensed Statements of Operations (unaudited) Sheet http://none/20120331/role/idr_CondensedStatementsOfOperationsUnaudited Condensed Statements of Operations (unaudited) false false R5.htm 000050 - Statement - Condensed Statements of Cash Flows (unaudited) Sheet http://none/20120331/role/idr_CondensedStatementsOfCashFlowsUnaudited Condensed Statements of Cash Flows (unaudited) false false R6.htm 000060 - Disclosure - Basis of presentation Sheet http://none/20120331/role/idr_DisclosureBasisOfPresentation Basis of presentation false false R7.htm 000070 - Disclosure - History and organization of the company Sheet http://none/20120331/role/idr_DisclosureHistoryAndOrganizationOfTheCompany History and organization of the company false false R8.htm 000080 - Disclosure - Going Concern Sheet http://none/20120331/role/idr_DisclosureGoingConcern Going Concern false false R9.htm 000090 - Disclosure - Accounting Policies and Procedures Sheet http://none/20120331/role/idr_DisclosureAccountingPoliciesAndProcedures Accounting Policies and Procedures false false R10.htm 000100 - Disclosure - Debt and interest expense Sheet http://none/20120331/role/idr_DisclosureDebtAndInterestExpense Debt and interest expense false false R11.htm 000110 - Disclosure - Stockholders' equity Sheet http://none/20120331/role/idr_DisclosureStockholdersEquity Stockholders' equity false false R12.htm 000120 - Disclosure - Warrants and options Sheet http://none/20120331/role/idr_DisclosureWarrantsAndOptions Warrants and options false false R13.htm 000130 - Disclosure - Related Party Transactions Sheet http://none/20120331/role/idr_DisclosureRelatedPartyTransactions Related Party Transactions false false R14.htm 000140 - Disclosure - Subsequent Events Sheet http://none/20120331/role/idr_DisclosureSubsequentEvents Subsequent Events false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - Condensed Balance Sheets (unaudited) Process Flow-Through: 000030 - Statement - Condensed Balance Sheets (unaudited) (Parenthetical) Process Flow-Through: 000040 - Statement - Condensed Statements of Operations (unaudited) Process Flow-Through: 000050 - Statement - Condensed Statements of Cash Flows (unaudited) egrv-20120331.xml egrv-20120331.xsd egrv-20120331_cal.xml egrv-20120331_def.xml egrv-20120331_lab.xml egrv-20120331_pre.xml true true