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Summary of Significant Accounting Policies: Research and Development, Policy (Policies)
12 Months Ended
Dec. 31, 2013
Policies  
Research and Development, Policy

Research and Development

 

The Company accounts for research and development cost in accordance with Accounting Standards Codification subtopic 730-10, Research and Development (“ASC 730-10”). ASC 730-10, requires research and development costs to be charged to expense as incurred. Accordingly, internal research and development costs are expensed as incurred. Third-party research and developments costs are expensed when the contracted work has been performed or as milestone results have been achieved. For the years ended December 31, 2013 and 2012, we incurred approximately $100 and $47,619 respectively for third party research and development expense which are included in the consolidated statements of operations.