Converted by EDGARwiz

0001225279-12-000055.txt : 20120514 0001225279-12-000055.hdr.sgml : 20120514 20120514143509 ACCESSION NUMBER: 0001225279-12-000055 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERILINK CORP CENTRAL INDEX KEY: 0000774937 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 942857548 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-28562 FILM NUMBER: 12838094 BUSINESS ADDRESS: STREET 1: 501 SOUTH JOHNSTONE AVE. STREET 2: SUITE 501 CITY: BARTLESVILLE STATE: OK ZIP: 74003 BUSINESS PHONE: 918-336-1773 MAIL ADDRESS: STREET 1: 501 SOUTH JOHNSTONE AVE. STREET 2: SUITE 501 CITY: BARTLESVILLE STATE: OK ZIP: 74003 10-Q 1 f120511verilink10q03312012.htm VERILINK CORPORATION FORM 10-Q 03.31.2012 Converted by EDGARwiz

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________

FORM 10-Q

_______________

(Mark One)

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

For the quarterly period ended March 31, 2012

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

For the transition period from ___________ to ___________

Commission File No. 0-28562

VERILINK CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

94-2857548

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

501 South Johnstone, Suite 501, Bartlesville, Oklahoma 74003

(Address of Principal Executive Offices)

_______________

(918) 336-1773

(Issuer Telephone number)

_______________

(Former Name or Former Address if Changed Since Last Report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 þ 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.


Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No þ

The number of shares outstanding of the Issuer’s common stock as of May 11, 2012, was 26,104,100 shares of common stock.

FORM 10-Q

Verilink Corporation

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

ITEM 4. CONTROLS AND PROCEDURES

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

ITEM 1A. RISK FACTORS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

ITEM 5. OTHER INFORMATION

ITEM 6. EXHIBITS

SIGNATURES

ITEM 1. FINANCIAL STATEMENTS

VERILINK CORPORATION

(A Development Stage Company)

BALANCE SHEETS

(Unaudited)


	LIABILITIES AND STOCKHOLDERS’ DEFICIT			March 31, 2012		June 30, 2011


CURRENT LIABILITIES
	Accounts payable		$	100	$	0
	Advances from shareholder			47,015		47,015
	Accrued liabilities			9,504		6,683

	TOTAL CURRENT LIABILITIES			56,619		53,698

STOCKHOLDERS ' DEFICIT
		Preferred stock, par value $0.01, authorized: 1 million shares, none issued or outstanding		-		-
		Common stock: $0.01 par value; 40,000,000 shares authorized; 26,104,100 shares issued and outstanding at March 31, 2012 and June 30, 2011		261,041		261,041
		Additional paid-in capital		90,807,250		90,797,923
		Accumulated other comprehensive loss		(63,201)		(63,201)
		Accumulated deficit from prior operations		(91,024,442)		(91,024,442)
		Deficit accumulated during the exploration stage		(37,267)		(25,019)

		TOTAL STOCKHOLDERS ' DEFICIT		(56,619)		(53,698)

		TOTAL LIABILITIES AND STOCKHOLDERS ' DEFICIT	$	-	$	-

The accompanying notes are integral to these unaudited financial statements.

VERILINK CORPORATION

(A Development Stage Company)

STATEMENTS OF EXPENSES

(Unaudited)


										From February 13, 2009 (inception) to March 31, 2012

		Nine Months Ended				Three Months Ended
		March 31,				March 31,
		2012		2011		2012		2011




OPERATING EXPENSES
General and administrative expenses		9,427		6,881		2,530		425		27,763
Interest expense		2,821		3,558		940		1,009		9,504

Net operating loss		(12,248)		(10,439)		(3,470)		(1,434)		(37,267)

NET LOSS	$	(12,248)	$	(10,439)	$	(3,470)	$	(1,434)	$	(37,267)

Net loss per share, basic and fully diluted		-		-
Weighted average number of shares outstanding		26,104,100		26,104,100		26,104,100		26,104,100

The accompanying notes are integral to these unaudited financial statements.

VERILINK CORPORATION

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

(Unaudited)


			Nine Months Ended					From February 13, 2009 (inception) to 3/31/12
			March 31,
			2012			2011

CASH FLOWS FROM OPERATING ACTIVITIES
	Net loss	$	(12,248)		$	(10,439)	$	(37,267)

	Adjustments to reconcile net loss with cash used in operations:

	Change in accounts payable and accrued liabilities		12,248			3,558		17,965

	Net cash used in operating activities		-			(6,881)		(19,302)



CASH FLOWS FROM FINANCING ACTIVITIES
	Advances from shareholder		-			6,881		19,302
	Shareholder paid expenses		-			-		-
	Net cash provided by financing activities					6,881		19,302

	NET INCREASE / (DECREASE) IN CASH		-			-		-

	Cash at beginning of period		-			-		-
	Cash at end of period	$	-	$		-	$	-

SUPPLEMENTAL DISCLOSURES
	Cash paid for interest	$	-	$		-	$	-
	Cash paid for income taxes		-			-		-

NON-CASH FINANCING AND INVESTING ACTIVITIES
	Shareholder paid expenses	$	9,327	$		-	$	9,327

The accompanying notes are integral to these unaudited financial statements.

VERILINK CORPORATION

(An Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

(unaudited)

Note 1 - Basis of Presentation

The accompanying unaudited interim financial statements of Verilink Corporation, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Verilink's Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ended June 25, 2011 as reported in the Form 10-K have been omitted.

Note 2 -

Going Concern

The accompanying financial statements have been prepared on a going concern basis which contemplates continuity of operations, realization of assets and liquidation of liabilities in the ordinary course of business and do not reflect adjustments that might result if we were not to continue as a going concern. Moreover, the company does not have any operations. These factors raise substantial doubt about Verilink’s ability to continue as a going concern.

Note 3 – Related Party Transactions

As of March 31, 2012, the Company has advances from a shareholder of $47,015 from IACE Investments Two Inc., an 80% shareholder, for operating expenses paid on the Company’s behalf. The related party advances bear an interest rate of 8%, are unsecured and payable upon demand. As of March 31, 2012, the Company has accrued 9,504 in interest due to IACE since emerging from bankruptcy.

Item 2. Management’s Discussion and Analysis

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE LITIGATION REFORM ACT OF 1995. Statements contained in this filing that are not based on historical fact, including without limitation statements containing the words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar words, constitute "forward-looking statements". These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors include, among others, the following: general economic and business conditions in which Verilink Corporation ("we", "Verilink" or “Company”) operates; technology changes; the competition we face; changes in our business strategy or development plans; existing governmental regulations and changes in, or our failure to comply with, governmental regulations; liability and other claims asserted against us; and other factors referenced in our filings with the Securities and Exchange Commission.

Description of Business.

Verilink Corporation is an development stage company that is engaged in the acquisition, exploration and development of mineral properties. As of the date of this filing, we have not generated any revenues after emerging from Bankruptcy. Due to depressed market conditions associated with the cost of acquiring oil and gas properties, the Company’s management elected to become an exploration stage company to acquire certain options on oil and gas leases at far more favorable terms than in the State of Colorado. As reported by the Company on Form 8K filed on February 10 2009, the Company entered into an Agreement with Osage Land to acquire certain oil and gas leases in Phillips County, State of Colorado. Management is currently negotiating with several entities to determine if a joint venture or similar agreement is feasible to develop the leases. Verilink intends to conduct geophysical operations on approximately three (3) square miles of the leases covered under the Agreement. This is commonly referred to as seismic testing and will be used to determine the location of any Niobrara gas structures. If gas structures are determined to be present, Management for Verilink intends to evaluate their suitability with various professionals to determine if drilling is warranted.

Verilink Corporation was incorporated on October 26, 1986 in the state of Delaware. We and our former subsidiary, Larscom Incorporated, a Delaware corporation, filed Voluntary Petitions for Relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Alabama (the “Court”), Case numbers 06-50866 and 06-80567 (the “Case” or “Cases”)..The Bankruptcy Court issued an Order Confirming the Second Amended Joint Plan of Reorganization on December 6, 2006.

Pursuant to the Plan, on June 27, 2008, the Company implemented a 1/2581 reverse stock split; issued 25,000,000 restricted shares of common stock to IACE Investments Two, Inc.; issued 1,000,000 shares of common stock and 5,000,000 warrants to Venture Funds I, Inc.; issued 75,000 shares of common stock to the Bankruptcy Trustee; issued 100 shares of common stock to each class 7 unsecured creditor; and replaced all former directors and officer with James Ditanna.

On June 27, 2008, the Company’s symbol changed from “VERLQ” to “VERL” to reflect the emergence from Bankruptcy.

Verilink, as of the date of this report, is an exploration stage company that has not generated any revenue since emerging from Bankruptcy. Management recognizes the possibility that, if additional funds are not raised, Verilink’s assets could have to be liquidated or otherwise reduced.

In January 2009, the Company began to negotiate with several oil and natural gas companies to acquire mineral interest to further explore and develop. On February 10, 2009, as reported on form 8K on February 10, 2009, Verilink entered into an Option Agreement (the “Agreement”) with Osage Land Company (“Osage Land”) to acquire 90% of the oil and gas leases covering approximately 3,912 acres of oil and gas leases located primarily in Phillips County, State of Colorado. The leases being acquired reserves a 1/8th royalty to the mineral interest holders and 6.25% overriding royalty interest to Osage Land. Verilink intends to conduct geophysical operations on at least two (2) square miles of the leases covered under the Agreement with Osage Land. As of the date of this filing, the Company has been unable to secure funding necessary to conduct any operations related to seismic testing. The Company is currently negotiating with energy exploration companies to determine if a joint venture or agreement is feasible to further develop the leases located in Colorado.

The primary term of the leases is for a five (5) year period from 2007 to 2012. Osage Land is to receive $80 per net mineral acre which was originally due on or before the 10th day of July 2009 but has now been extended to March 31, 2011, and will also receive a 10% carried working interest on the first well in each prospect or particular tract of land. Osage Land will also receive the option to participate with a 10% working interest on each additional well within a prospect. The option to exchange common shares for the payment obligation called for under the Agreement remains open and subject to further negotiation with Osage Land. The Agreement contains customary representations, warnings, covenants and default conditions. Subject to certain conditions and exceptions, the Agreement may be terminated prior to completion in the event that (a) the parties to the Agreement mutually consent to the termination, (b) a closing under the Agreement has not occurred prior to the close of business on July 10,

2009 as extended to March 31, 2012, (c) there is a failure to perform certain covenants, (d) there is a material breach, or (e) there exists certain title and/or environmental defects, as applicable.

Plan of Operations

As of March 31, 2012, the Company is continuing negotiations with a private natural resources exploration company regarding a potential joint venture or acquisition.

Liquidity and Capital Resources

Verilink had no cash or other current assets at March 31, 2012.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our Chief Executive Officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer, as appropriate to allow timely decisions regarding required disclosure.

Our management, including our principal executive officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our consolidated financial statements included in this annual report have been prepared in accordance with generally accepted accounting principles. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

Change In Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the nine months ended March 31, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Verilink is not currently a party to any legal proceeding.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Securities Holders

None

Item 5. Other Information

None

Item 6. Exhibits


Exhibit No.	Description of Exhibit
31	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934
32	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

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

VERILINK CORPORATION

Date: May 11, 2012

By:

/s/ James Ditanna

James Ditanna

Sole Director/President

(Principal Financial and Accounting Officer)

EX-31 2 exhibit31.htm EXHIBIT 31 CERTIFICATION Converted by EDGARwiz

EXHIBIT 31

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

AND CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, James Ditanna, certify that:

I have reviewed this Form 10-Q of Verilink Corp.;

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;

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 present in this report;

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 13-a-15(f) and 15d-15(f)) for the registrant and have:

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;

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 principals;

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

Disclosed in this report any change in the registrant’s internal control over financing 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

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):

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

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

Date: May 11, 2012

/s/ James Ditanna

Chief Executive Officer and

Chief Financial Officer

EX-32 3 exhibit32.htm EXHIBIT 32 CERTIFICATION Converted by EDGARwiz

EXHIBIT 32

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER AND

CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350

In connection with the accompanying Quarterly Report on Form 10-Q of Verilink Corp., for the quarter ending March 31, 2012, I, James Ditanna, Chief Executive Officer and Chief Financial Officer, hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge and belief, that:

Such quarterly Report on Form 10-Q for the quarter ending March 31, 2012, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in such quarterly report on Form 10-Q for the quarter ended March 31, 2012, fairly represents in all material respects, the financial condition and results of operations of Verilink Corp.

Dated: May 11, 2012

VERILINK CORP.

/s/ James Ditanna

Chief Executive Officer and

Chief Financial Officer

EX-101.INS 4 verl-20120331.xml 10-Q 2012-03-31 false Verilink Corporation 0000774937 --06-30 8589 Smaller Reporting Company No No No 2012 Q3

100

9504

6683

47015

56619

53698

26041

90807250

90797923

-63201

-91024442

-37267

-25019

-56619

-53698

9427

6881

2530

425

27763

2821

3558

940

1009

9504

-12248

-10439

-3470

-1434

-37267

26104100

-12248

-10439

-37267

12248

3558

17965

-6881

-19302

9327

<h3 style="MARGIN:9pt 0in 6pt">Note 1 - Basis of Presentation</h3> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">The accompanying unaudited interim financial statements of Verilink Corporation, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Verilink's Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ended June 25, 2011 as reported in the Form 10-K have been omitted.</p>

<h3 style="TEXT-ALIGN:justify; MARGIN:9pt 0in 6pt">Note 2 - Going Concern</h3> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">The accompanying financial statements have been prepared on a going concern basis which contemplates continuity of operations, realization of assets and liquidation of liabilities in the ordinary course of business and do not reflect adjustments that might result if we were not to continue as a going concern. Moreover, the company does not have any operations.  These factors raise substantial doubt about Verilinks ability to continue as a going concern.</p>

<h3 style="TEXT-ALIGN:justify; MARGIN:9pt 0in 6pt">Note 3  Related Party Transactions</h3> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">As of March 31, 2012, the Company has advances from a shareholder of $47,015 from IACE Investments Two Inc., an 80% shareholder, for operating expenses paid on the Companys behalf. The related party advances bear an interest rate of 8%, are unsecured and payable upon demand. As of March 31, 2012, the Company has accrued 9,504 in interest due to IACE since emerging from bankruptcy. </p>

6881

19302

26104100 0000774937 2012-01-01 2012-03-31 0000774937 2012-03-31 0000774937 2011-06-30 0000774937 2011-07-01 2012-03-31 0000774937 2010-07-01 2011-03-31 0000774937 2011-01-01 2011-03-31 0000774937 2009-02-13 2012-03-31 0000774937 2011-03-31 iso4217:USD shares EX-101.PRE 5 verl-20120331_pre.xml EX-101.LAB 6 verl-20120331_lab.xml Accumulated Deficit during Exploration Stage Balance Sheets - Parenthetical Income Statement Statement of Cash Flows Preferred Stock, par value $0.01, authorized: 1 million shares, non issued or outstanding Statement [Table] Current Fiscal Year End Date Related Party Disclosures Entity Common Stock, Shares Outstanding Advances from Shareholder {1} Advances from Shareholder Cash Flows from Financing Activities Change in Accounts Payable and Accrued Liabilities Entity Current Reporting Status Commitments and Contingencies Disclosure [Text Block] Basis of Presentation and Significant Accounting Policies [Text Block] Interest Expense Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest {1} Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Advances from Shareholder {2} Advances from Shareholder Net Loss Related Party Transactions Disclosure [Text Block] Operating Expenses {1} Operating Expenses Accumulated Other Comprehensive Income (Loss), Net of Tax Additional Paid in Capital {1} Additional Paid in Capital Liabilities, Current Liabilities, Current Entity Voluntary Filers Amendment Flag Accrued Liabilities, Current Entity Central Index Key Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities Commitment and Contingencies Significant Accounting Policies [Text Block] Weighted Average Number of Shares Outstanding, Basic and Diluted {1} Weighted Average Number of Shares Outstanding, Basic and Diluted Total Stockhoders' Deficit Total Stockhoders' Deficit Document Fiscal Period Focus Entity Filer Category Document Period End Date Entity Well-known Seasoned Issuer Document and Entity Information Non-Cash Financing and Investing Activities Common Stock: $0.01 par value; 40,000,000 shares authorized; 26,104,100 shares issued and outstanding at 03/31/2012 and 06/30/2011 Advances from Shareholder Accounts Payable, Current Statement [Line Items] Document Fiscal Year Focus General and Administrative Expense Accumulated Deficit from Prior Operations Entity Public Float Document Type Entity Registrant Name Accounting Policies Net Operating Loss Net Operating Loss EX-101.DEF 7 verl-20120331_def.xml EX-101.CAL 8 verl-20120331_cal.xml EX-101.SCH 9 verl-20120331.xsd 000050 - Disclosure - Commitment and Contingencies link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statement of Expenses link:presentationLink link:definitionLink link:calculationLink 000070 - Statement - Statement of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000040 - Disclosure - Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Related Party Disclosures link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Balance Sheets - Parenthetical link:presentationLink link:definitionLink link:calculationLink XML 10 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 11 0001225279-12-000055-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001225279-12-000055-xbrl.zip M4$L#!!0````(`&ITKD"K78%B&PL``,D\```1`!P`=F5R;"TR,#$R,#,S,2YX M;6Q55`D``VA0L4]H4+%/=7@+``$$)0X```0Y`0``[5MK<]NX%?VHY$ZK56\[7NF7 M-W_]R]%/CH,N!(_2D$1H,$6]DW>=2YE219#D0W6+!2FC3G2#F>[0Y9,D542@ M/F/\!BM@D&7X$5;*T)9,!1V-%?I']Y_(=]V6X[N>7T&WM[<5$HVP,+"5D$^0 MXVCNNX&($8AE\B`B]+@T5BHYJ%;UY8HD867$;ZK04-4PCNLY@5>:=1_2>-'] M2^_R@V_ZN,&BQZ)5DQM`+D;0R0VJE$FEO9ECW4F:ZWT;S/MZU=\^?K@*QV2" MG7M6,67?BNR\=KM=-:WSKO=ZYO7HY@&62V1HI5OH3Z4SPCA96`RQ')C>LX:" M\$$2U'RON8G$]LAJBE9&:-:W4;6-)1C15T?:F0-I0G9)ALC$X4!-$W)YD5$)5@P/#?G#"PW1"F+H&YZN34HZ@9PA01$(Z@3@?E_IGIZ4WK7JKG?4A@[7" M@KABLP/U*XO@]X[?LBF#)&8GZ4J;@_(.P:PSOS;WE MH)_"E4*]>O;EY]V*T1I0.SO7PGX*BD`S1@9V5B(/.F'((4[R`D_Q(":SL=@Z M#ST7G169A./G,">[T1@9T5$8F@DIR0(0VIR@*G`K:$JQ;;!SEH^HWF4OK3)7Q/CPK' M`VI7=C':LT>9I:;#(E-IQCR.8"?=^R.%??#V([!^\2PDV)^:PNBM7UD?5O.. M,`('1>C8B2:4F:.H@B+2NTN@FFP:RA//)+E6 MDE=];TM?BS4D]<+^_$J]H`^S7O_LHN6W7]X)UB>,WFXU@-TU]72>( M5$].7K_E9S)E!79GRHW)&=3KK7U3%B=?N^;NGZ@HM\#A]MZCN#EY\H?9392+ MY5QOE';/%,?S_5IFX'*P.Q)NS!/'Y^$Q5GB!'`TW2]-48XX7BVH[35\ MFQ-D=?.TGO!7HA^#D*AS`_5G1,[2R8"(\^'5&$-*G:=*W[_73V/>8DE#*$\G M-$ZA^U*:[?FXLRH,:NZVTX[DW\.!HE%\'@`T59+8@6.^:[?_[;.7.HEY5[]URVSW8*['>C?ZY/=AJ%?X3.K`Y,[QFNU'? MJP>=Z/=4*GVRDM?\DH"6D,8D5S>O>1?+,23A#8U(]';Z69*HS\X3HK=J;-0) M8('OF?3SC2KV-U^)/CD-&=X[P> MJ4/]>QP@J:8Q.7[]1\K5X0A!QE=B`]1 M5ID&JXX#W1'IOY,<[G7OMVNG\Z'_[NQ`3Q(ZG!ZB&9?F,?^R7-=C@C!X9YY\ MZX?@*<-I1/4>C^J3$9V@(6489AB.@0@K8@*L116]M5!&8WQ#T(`0AA)!$MC) M:2!#(2+],@NZI6IL?MN`0C<*Z$D,%6)DS_'Q5+>3Q(I`"B1^9D:2?E1.#'EG M`NPA1K!#-!U$&ML&_>.*A*FP14>W]^[",68CHA_P3ZB41J=ND&.>QA&H1;#P M&2X8S-]3%FI7K%`--P](82`T#N-:E;[)3A0W"8$IL^+G07J-$RX/)>HPE@*` M??@/B#%T6Q!=];H(B$^YF"#/==Y74-^ZSQ/*M"3P;X(9[)4U-_@0QP@OBV%9 M4T/&F+!"5P8XP"5T-/0-T'Q?1O0]:RRF:,@%PFB(J=!CMD@T#;%T&>2;)S/+ MB!.9QC83N*VK0&ZP=.L\>1+S'%[.@<';98((,HQ):*Y!Y"BKH.N-N*N8D%PZ M]`M/*"0.A1-#:&[^S)-AC@?!@WDTUZ.E(,)@U4+_2AE!?KV, M?-?S$);@BLZ:)>`B43)!Y1.JH$O%E(E$3_%E>7Q*G;OW,)3:1`*`+C:#:B.JDR]!?._>;4&U%P;BNE#*HMFS':)OO8%D&N!F<1F67GI M"1*@66CJ[B&::41&),JJW.^TZ9AR_A$+2/7`,P7-M[DP>^<.4@`&Q+Y\#+50 M\`D,C]0W@NQC*6W^]UJS['IUV]KO='NP.MZ0>8Y>W_+9Z\F8H9;[<]:Z;*HK MG^_^S2+`)!`EF)JIF5&239P!&>-X.%^6;*@2$ZJ%U($NU\!(9[>1(3V5F5NM MG\MF@4J!"-9?L-23++$G:I0FP!H16,RC"GID=.P1'+7+=;>F)_6",H)\AMPV M(8$)#7LLJ$-B9,J3CM4`LV\B350XK:"B)-\B4]=F>)=+M9^C^SW4)W!N\:AO MC[0/W'W)'V8W\_XX@_PX@_PX@_PX@_S_G$&V.&UD7IE?OO]W[^G0TQZF/8[# MR)G!(AHMBBQY'9EQ?9+U[(\FL,(%B"'E5GGMWSLO=B M7MI/GU1.__S:-OKUNU`OK-^;?R*SO?Z53=.+IQNXTGS&=%O9K[VXN^XCW/5V M=]>^[/#B7GJ/J"%/\')E-_S2[KIMQ_4=+WB^DOE2@YHO.=N43+V`&O'Z*&/[ M3@C6^XU`P&NA>B*""^)O#N>V1TGFSP^ MK6.&EB`5%;Q7\YQ�$G(J!\T:M1)7"[_=#!7NWIT_W=XSN,T42*("40H/D& M#9^_]*^1+JJ!\L?6X!`Q$GJ0:)1IR+I:^-@JJ;!7'J)I=L)%U$ M>8?$3-1J.-FPVOZ:#5:N5`L/!E1NL0$2.,K3:C_'?77N:^`F2JYJI7C;1. MNJYK-ZWGDCE"+EQ#UG)S8/7^KE+)P-VUHJ\VK%HYW'-_?AW/2`2QCRE7VI:_ MW:AH5V7QL2!9`V^01&<1=H5S&+8A[#5QRW/6*C@J-*1L+_-C.!TW76M-H]7R MCD"6YC_[_V?+S@&OT^FX6?88;>@"O8`ZS67Z M[JD"+G?UL\_LNU+=PN$Z` M*U"7&G:*JDRG3NF58=$S580)E4KH$R)2\SCSQ40P2NCE7A5REOJ"%@F7ZY[Y MC,94[Z;"0&32YA-]%1<+N&_C9D$!Y;HZ!<,'@9D4>G.(7L'2<\2W\?.<>LDS M<."KZ(6)U36&X('K1E/P(%CHTBZ1_UF9R!]02P,$%`````@`:G2N0(IF4D%, M!@``R3\``!4`'`!V97)L+3(P,3(P,S,Q7V1E9BYX;6Q55`D``VA0L4]H4+%/ M=7@+``$$)0X```0Y`0``[5O?4]LX$'YN9_H_^.A#[F;JF,!Q5YARG33D.IGA M@`':N[>.8F\2767)E>20_/>W-5G._80%WA4?Y\+1!E;#?OCTZMEN-]W^\>OGN)]NVKJ3P0A<\JS^U MNF%&H"/\(-0@K1[G8DPT6E!O\(/;?(/_"Z:2 M#D?:^KGSBW6PO__6/MAO'32MN[N[)GA#(B.U35?XEFT;VXSRKR?F1Y\HL!`U M5Z=[(ZV#$\MYD1Y":`#RA9F M/G>OSP\<$YK]P\-60LBH>:3_*U/F$6@='Q\[T7^3TJC.TPOQI/8C9_;/!](T M!\XBJLCDBQF51+I2,+B&@37_\]-U;]4>Y=KQJ._,91S"V)X5@3W1TP!.]Q3U M`P;QV$C"(!-'#-R$_L@$_;71YGPWIA$"D6[8!QM'@9M'J42,:=J_'_-"E^W! M@(1,EXAX57>I>(5/:)D!7E%=`MI(D>V#WP=9)M0EO0F<,\V][I<4SWM\8&0?I3KBG'C>X/9L?((X-JZ$]AQD5!.S>@Y?EPR M"A,-W`,O-FOPE^-;9-Y)L;]Y3#\09G+::#!,WI(^@]@"(WU@IXT,(6?'4)$*Z.&?J@CNO>".(+==5X3< M,#TUD>N$TC">`3M#.`G]?CFVY;(3F!UCM?-$N>Q#82:-9P^D\'-#&9L5A'N^-F[:>EGH_)^L_'K[OCX$8+]^M( M,,2ANM_"J.!R66BV$JZ$C&*JM:3]4)L$?"O,@A)<8Z00RK#'-4A0NMU76A(W MB[^2C=2`^[+#FKYNCG:W;JY0%^"B]B)//Q,69M5X:9([9G`;2S[)?FIP*E>S M=(3O"U[(WXK8$R=O-2R5*VK:GD=G:*X(]7J\0P*J"4L@SRH[BR<^<7;7"5WE M"B4LN$,_C"J[2VSKI=FDES`R&V!CP`@)'\Z%4A>@+P>W9)+=SLA8(24HKD&Y7D;XTM?$;Y5HK]O<6WV" MBIOM]&DUX+/8]72V?G_`5KGN$<:^KZ=3'2717*G M#05#/V7?P=G"06@.PGP+0IJTQ.4-%5;/#I),_=\9O+TSDPN`Y!$8^Z. M62[8M>04_1K)V25+C6DEP5 M^E\YQN*".I^AAU+U863%O\IM`2V:$=.C9L1_6:8&2>N!4Y4+^M]@;C^"U\:Z M!6O^B]`X?#FX&1%<+)>A-O?E3$OZ@2CJXN-\1EF(XAGT;*JM!D1N'*CUMMZ> MR_+U[XQ1Y3*A0@GSNQ31C@G#GG;S^CQ7YS;OB.79W6KLS/8PU?-[:1T1609> M3@QS=/^06.;8WVI,EZXJ+$9+"&B6XA\2S2SCV^VX.T2-_F3BKHR6^U[7C^FY M[^T]-]U/K^F^DF)`=4Z1FA"H06&3=*>"79DK@9@]Z]GO'G]P?])TF"MW]S*; MMXV4U8##3<-4N7:D[?T;JNC-K6[%-6"5Z5(&2TW4K3#I%5?MF&**_C#]I,#K M\44OW'8U'>>M@E)-U&!ME!O2RETDN`F#8-:$$!:_=Q-?L"BZQK?F[!KPO'8@ M*G?HGRPP.T+IK"=W5:X&M*0X5[FC=DP&:0F@Q\>@EA-`P>.T@:(:4+A)>"IW M=(Z%P/P=T':_A50"NH,)7D^O&)E]-PU'`S_[QOHC%-2`T\>$X_E@/:O-GX^; M'^9;WCCR'U!+`P04````"`!J=*Y`BP``%0`<`'9E`L``00E#@``!#D!``#=76UO MVS@2_MP%]C_PNH=+"\2QG>P6;=KN(LW+(MA<8R1I]PZ+0T%+M,VK3/I(*B]W MN/]^)"79LB3JQ:1E]3XT361J9CA\.!S.#.EWOSS.`W"/&,>4O-\;'@SV`"(> M]3&9OM_#G/9>O_[I36^X]\O/WW_W[D^]'A@QZH<>\L'X"9R?_7IRPT,L$.!T M(AX@0_O@Q+^'1#4XI?-%*!`#EX30>R@D![XO__`.]N5GBR>&IS,!7IR^!(># MP>O>X6!X>``>'AX.D#^%3),]\.@<]'J*=X#)UV/U8PPY`E)JPM\_GPFQ..[W MU4N/8Q8<4#;M2V)'_:3A\^^_>_9,-SY^Y'CMA8>CI/FP_[>_7MUZ,S2'/4RX M4.)'+W)\S/7S*^KI#M1@"8PMU%^]I%E//>H-#WM'PX-'[J<$G>!@R>;S^K,]::F`P6;2KMZ,I(U,IWIP)7];$QH]"D1\Y"=B M*SHE\UBST99"$4XH4R]-6\*X4+;MSX*!$^> MZ,6@-QC&QO&'^/&7,W2/`KJ8(R(D@J;HG,CU9<$P1V=H@CTL3CPOG(>!4L-9 MR.0BEGTCD4JKX_V>0\+]M$H4]36E,,1IR+PL?_G?%_>=TZ.X5S&*2H`]M9!* M6=1BCTCOT^W>SRDF(.8+?,T-G#\N`LKT.@@TOW?]55^RO3]A'J#,1RSV*M+* M@,Q+'LA?*Z2-6_0]*A>0A>@E@NO7)XS.G8YB(B=U/C;]W4P9R5P@)<7UY`(3 MN0AC&(PHQVH43\9<,.@)PZ2H]:HU[)L(:`/L#S!0+@BXG2$D.)">K'17B9@A M@3T8=`W*3;22!6OS<6L/CM+]IW.TE+`"@:;6UJ"K$,,&9Q%IL*3=-615=#T+ MIEI#L!-S=@KY["*@#[R^&%K)&DAQI#%:8^K&5/VA:?ZC:^@H[K+1+!4HNBDF./(.IO2^ M[R,0G1/_3(J1&;_2IALCHHX`-KB(:8.( M.%#4@20/%/VN0*2.#A*@U!^%.G"Y1RSH)1%>#8@)#K[<(+V7E'L4\70FF024 MAW((#:Y.G3D*1!KH(4%*XW'9EGTY)P*+IU,ZGU.B MU[M;O;)?KU;R`DM3XR4KFU-?*!M<15Q`Q";Q?R).X+I[GDPSQ:1-4M/A:L^_ M24^!4\H%-[@X^7;67HZ1M56,-$IQ!IT9L/%XM`.Y`P2/:UEV1"V1S6";K6?-O>_V\FII4#N`Q; M1'"+HY)D"DX\@>^QP-U9Y3=43VX3LTZ(+Y\PN>._PG",`SU&YBCM)L1[C^`#GFUY.1 M1)/R7K2W0OQ;/"5X@CU(1&S:I>PC&F`E?17*K4A:8]Y%A^P*#R1_E;U+2Z#G M0DH&L!(")%)T>DJXT&IV@KC#29N>M-QG(R[.'Q>(<%/R)MO*@>];R-:N<"$B M"6*:74.XC4[;Y217$OT%+BA_"R+!]$F$2#00RP;2 MP@%!P;IX8#E!'$?Y=J>UTA#A-E37-9NR'=7G,\K;FZ8MEL;`)^V[WM$33W:" MH1&C"\3$TRA02S/Q5==TP:NI8J8^`?M"FL;";BDA<.C45&RG6_\?F8+FNLF5 M!&T(T#;+T^@$BRO*3;'85`,'Q6A99C9SY",20-'J'&QRO&J&5HMC@<4D\V4ESUSL&)^*7KOKY/G1MSE3J(#M#:L*IO?F0.C-V M+6:(J0/STKF2LN%[%)V[4(N.7#BO)W?PT3!+FE*QGCL;BNWJ4*+F"=:8@OC, MS0O%]^4^4*X&G0#)O&N@W5!W62A;C7F+`/=]?>@,!B.(_4MR"A=8U4.L2M1, MF*Y^T1[&M86SVQDF7(!BHTH&8D:NUP2W_:G8$IHZU;GY5ELIN2G6$(+MS:I4 M!46<$3?,HH*&UK/&S-QFEJ2H[B<%#"[GAIW48GFA@@/1=S$+S-W/HKX*,MLM MTOE,@Y`(R)XN<"#MC[$Z)]O.05F.@;6#>IPE91"1[@HX*ON>+\`IU?NVH'$R M1\17,;>+`!:=4EC_W`H*A:RL5O^$(%`4NS3RA5U-CWB)6EO=(65J!LM7/'-[ M%[N>/OZ$GX]*2;>>BXK.8 MM8M2SX@RT*2!I-T5K%1VOJ"XLTSQ;6Y9_QER$6>!;I#JHUSKY$9ZM:N^HZJ@ M?\3H/?:1_^'I$T=R?[",+JV.-!@WMPY9.-@&N^^PW89Y*8^J(UA*I(,Z:W$> M];$^69)(IJZD?*&$DQO2EV`5P:QWR.1;45SI;F1GVMO-YM[]".3#`-N:K)N? M#5_5$6?+B$N.A]=XR>J$>'VAW%23YXO)NP+/9MI('Q5O.D8M5C/:E'^W5>C= M7DGWMURX;5>BW>UB[-^1NE,:^2?2<,(I^AC.QXA=3W('X56AN2?GV!D.0MG< M@-M-J5D#V;(;-LA.6(.8-XB8JW1:_LZ$?:`ET*8XEL%U5J,%592F.FSUT;79 M;ZG/K#EP,D5VDCI1!TMR9;G5B93BUURF54H%LYG:^EYH$--.%77'-]AN*=]B MW9W2_8Y%GW:.%]>>A5=Y'XAGQ4E:LQMK2)JE2+8 M3)"$>')1640>:/I=05(M):2C:S4'8KO15YTO.H4"32DSQU[76SF(O!:R=1!W MU71!0KA+T"CI=S[D6J+O;9N0Y;=7&"XY+&[GQ'04LG9B-F)[T<6K#4L[7V0N M2A2_75/Q.PJ"WPA](+<(("( M29?`4TL;>?-2:V0VCX(F2%7'\-17.M:=A%^KIF36XJ*&-MFCI+[7X^C6^]7M^"_ M!3\.]@<#_2^^]#YU(_Y;G@ M5?]HH/X<=@W2)BT775MD'M_='((\0V.A3LF75H.5O.#TB&.Q,%LY3]XU#%6K MH>R<8MF@M%IDF+ZJL++"L*BQB_+"$B$L:PO7;JCL]EL8]^-7^MAT'P[47/U51'U M8N:KE@XCYCGV+N/E^HL].AXMSRG`'"LW#$![1N571!"#@;H[UY]C@M5N0.X- M4/E5K*L@#3[2;4IN#R17E=<5Z?1DZ_(U8[ZB&'*DM)9R;]K(-U`3R4G MSYN-ZW:S!J-P'&#O(J`PZ[@7MW&0'2A@Z2`C$%$%FFQ7X%/:YWS M+]_O@I1=%AKI?ES)W^2SY)'\,88`L``00E#@``!#D!``#M7=]SXC@2?IZMVO_!EWW@KFH((;FYFZ0FM\5`LD5M M;D(EV=F[IREA-Z`;(;&23."_WY:-B0V6;8CYX;EY"8G=:G5_7[?9 MF#E3D(H*?EUKGI[5'."N\"@?7M>H$O7W[]]=UINUG__UXP\?_E*O.STI/-\% MS^G/G9O.+ZT'Y5,-CA(#_4PDO'5:WI1P(]`6XXFO03I=SL64:.Q!O<4_W-.W M>&\REW0XTLY?VW]SSL_.WM?/SYKGI\[S\_,I>$,B`[6GKA@[];KIFU'^]+R+Q M9N,__[Y[=$;A[KQAH#F[N&C&A(R:#?U?:[)`H'EY>=D([L:E49VGE^)Q M[>\:XO)+1[C^&+B./EO< MN^&:ZGF7#X0L31<<3!M&UD83!]0E&.JM'R@WN/Q76W7BQ M?2)!H5AP_0XO)+J%F0;N@1=U;#PHQSMCP,(")MQXIS5FXE/(6MS9VKJS&%I? MLKIH]966Q-61'D;ZP*YKA9LU-C4Q'EX*W-.AF#8\H`%"YI?`_/I9N/Y$QK!AL%8L;&&>Q)9/&$NE&*O'7@,*:-;H7$HT)CG]B#%>`,`(R-$A@^.K]`:,3$-":LY0GH@P[%[+_A'CCRAVA3<$[-B#UR$Z"_"D7$617W$VG8*+?5'00I,\8]8M(\,4Z)/W*P;Y MBG/I4/]]7U"'9K?1'$E8%Q^@LU]A;AW65^4J!KW%V70*WNV+@K8OC:.W5+F$ M_1>(M(\Y5M&*$6%W.9V+?^PY'<1X+/BC%N[7QQ$ZK^Y];6;29GEFSXVL1A7C MIP@,Z4S]<[],]?P^H^XM$V1U\IPN4TD>$DZFP_Y^O[#?4@:RC0D[%-+^M$A* M51+Z%4?3P;_<\^@4#IX/,!%28RH^(HZ^LH]+Z>*5I,/FNF5I=K9?8CX+YB.* M,HP:.R.KE==*P<-E?C(NX;*792#AMX6.Y_O[0 M6'/R#B]LOZ'^D3"S)?\X`M"J%[@Z`DW1KFVWT3,T[G3S/*/?UT3R@*A^$!2^ MJ@\)F83A#$RKZ,IJ7"\N?S&S`3`\WP]N*4?;*)(M%,W88M^HZ:L2M`2WGDB? MK>X*6(0.E*#;,&&2U.;JCK;<2^`"4PBZ^.OJN)DA>"R<),(H%?V8'25]RC#%0>628I&O"B\V M=W=4N=J>F@=@Z)*'#V<][T!??Q+0FHT$ER,ER>$=%K>W9*9PQ54V5XCEB MYML.^C$`%//N0O>M=@9&:J$)"R0/-QD0[M>18.B!NOG##]8B+O/-]GC/[$\A M&UI+VO>U&<"?A`E&P35:CZ8,NUP#$J=S9Z:E=E*)N"D;6'N!;].80X/@H#'7 MB^P-,/I,F&];$:1)'IS]721,/')2X3FZ&5.LL);%X)K8-T_?.C!'-Z5J>1X- MK>D1ZG5YFTPH/HABEMNFO?D-OWE^BX!GGZ95;K#&I8(_]H,9Z;T>@31'LR6, M@"LZ!<16C.%.*/4)]/W@B4NA^@\:$G^4&1J^'_*2#RX=S1::_M@Z$#4V!B8F;%.#T>PHWQ>"*I@@X, MJ$MUW#U?(B:K+2PQ4H+B@X=.D>5"&0#NZ-Q9*9L#+>ZMYU#^5D%ZLTHPFN^\ M_?39*[<12B_XQ6HA-[,)/J1`;5OI2U.UTQ)?6H>'28=P]%[:D[-I8I,^=-6H M.A6\'+R_%^V^%^TV8.!^`I*8`WO1*)*3OW;Y8^$C\_&5X:Z=FLJM;G\!CFXR M?$"WO#'EP;MR&E=@"Z+G_QQ'^3]8.V=F(]$ M41<'@PYE/HI;J-U66R6"8&NH=K;K6_IZKD.5RX3R)2Q.Z`3[6(RZ=/N%7:;. MW7X#0E;/Y7SSP;KB9L87'F1)'VK]0(><#JA+N%ZW[@EA_\CL99^"C0]XHKH` M/XD%1T$TCF[N8\8<=3_HQ='EWJO(?97*ZE#^.N1R)F`['*!-79'JQ=L";1$8 M"+R<@3I#]YX&[`P+RAFX[1UDC-\%&AWPU$5HF5HU[074O(S?4,D!<[PX>ZLG M,#8!*6>4WV%R)XYZ+J^6D-DVQ7M*:UOWY>2T17M&0N>U.(*CS4^2<(6VF)IO M\53>1,,!\[@@8[93T+G8[#N#8S6E-E&C6R:>RRB(O>C:5T7LI<>#O^ZV-*7X M:V[K30Y=G:E.<:P(\M\K9-\K9!N=ZQ8#JC-VA&,"QX)XYDY@W*&C0[O+70G$ MG`\*/[M\Y6T[4])9>\_+?MA@&V658'%;H(ZNZ-+R_N>K<%WS)![`%;BD89"H M63P),YACW$XIS@H^SG]3X'7YLOC4PCG4-"L.2NVB$M%1+JCEE0`.7C%Z]"'-D550)``-H4+%/:%"Q3W5X M"P`!!"4.```$.0$``.U86V_;-A1^[H#]!\XOVH!(LNREBPT[A9>D18"L#9QM MV%M`2Y1-C")5DHKM?[]#6K+DBQ1E6=%BL%],\GSG.S>)U.'HW2IAZ(E(104? M.X'7=1#AH8@HGX\=JH1[<7$^<`/GW>7WWXU^<%UT+T64A21"LS6ZN?XPF:J, M:H*4B/422W*&)M$3Y@9P)9(TTT2B6\[%$]9@09W!)/3.0):N)9TO-/KQZB?4 MZW8OW%XWZ'EHN5QZ))IC:6F]4"3(=8UM%2Y(@A&XR]4P(G3L++1.A[Z_FDGF M*1)Z<_'D@\`W1&XW[`A%DZO&.5_'X,'@\'`M](">H"T.`X^]S?"`IHI=XYQNL7&6,TL-A=4BP-5?3/"\&QH^VR8*HC4`:#@8X(,!6!]%HW&F-WOB3.U0^DI==^)UWD8M*%IB4 M1`AS5.E,D^L0O[7C_9R>L55HOW3"R/9[V4-J7] ME\:T&PYD24Z)OQ9A9O)2_,/6<@/;@5[?PH>"3*P;E="&"!9VN/X_M1CYE281)CL=Y`@^TH74:'-=<"="*VEH=LW,+3I> MURRYT*'V`V^EH+?G!UU]0[OLO]2!2$O?]!8^AQ-&TM"8'QCSP=M6YO?U7^.! MX!]?ZX3@[K]VI'*78!PXKS-]]/*AC36K>/0ZPB=,JV+%+2\HZEQHNM-`K5W9 MO[$R@Q;&&V^[-L;SZRK$*8-.&;I'1\O,7.:8:Y\A=(I41.9E&CM1)JUG#K(= MKK-!*"WA:+V%?<6@'+-/.3%ECTU?5),9:.%0.PCGH\*J"6'LM--5&0RISLSJ M!RFRM'")@C-?.KS#SY+@N:@:5;YJ,/6-^',QM='\JJ'5?+,\%]>S:BV"&OF; M-QJ&_P!02P$"'@,4````"`!J=*Y`JUV!8AL+``#)/```$0`8```````!```` MI($`````=F5R;"TR,#$R,#,S,2YX;6Q55`4``VA0L4]U>`L``00E#@``!#D! M``!02P$"'@,4````"`!J=*Y`88CNLT@"```]"P``%0`8```````!````I(%F M"P``=F5R;"TR,#$R,#,S,5]C86PN>&UL550%``-H4+%/=7@+``$$)0X```0Y M`0``4$L!`AX#%`````@`:G2N0(IF4D%,!@``R3\``!4`&````````0```*2! M_0T``'9E`Q0````(`&ITKD!P'BF;'PT``%Z+```5`!@```````$```"D M@9@4``!V97)L+3(P,3(P,S,Q7VQA8BYX;6Q55`4``VA0L4]U>`L``00E#@`` M!#D!``!02P$"'@,4````"`!J=*Y`POYW_'X(```*8P``%0`8```````!```` MI($&(@``=F5R;"TR,#$R,#,S,5]P&UL550%``-H4+%/=7@+``$$)0X` M``0Y`0``4$L!`AX#%`````@`:G2N0*6<[0HP!```.1<``!$`&````````0`` M`*2!TRH``'9E'-D550%``-H4+%/=7@+``$$)0X```0Y 9`0``4$L%!@`````&``8`&@(``$XO```````` ` end EXCEL 12 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\S.&,V-C4R9E\P9C,Q7S1D-#E?8F5E-%]B,&$S M834P-C`Q9F(B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/E-T871E;65N=%]O9E]%>'!E;G-E#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/D%C8V]U;G1I;F=?4&]L:6-I97,\ M+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O5]$:7-C;&]S=7)E#I. M86UE/@T*("`@(#QX.E=O#I% M>&-E;%=O#I!8W1I=F53:&5E=#XP/"]X.D%C=&EV95-H965T/@T*("`\>#I0#I%>&-E;%=O7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^5F5R:6QI;FL@0V]R<&]R871I;VX\'0^36%R(#,Q+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^9F%L2!#96YT3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,#'0^+2TP-BTS,#QS<&%N/CPO2!#=7)R96YT(%)E M<&]R=&EN9R!3=&%T=7,\+W1D/@T*("`@("`@("`\=&0@8VQA'0^3F\\2!796QL+6MN;W=N(%-E87-O;F5D M($ES'0^3F\\7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\S.&,V-C4R M9E\P9C,Q7S1D-#E?8F5E-%]B,&$S834P-C`Q9F(-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO,SAC-C8U,F9?,&8S,5\T9#0Y7V)E931?8C!A,V$U M,#8P,69B+U=O'0O:'1M;#L@8VAA'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X M=#X\(2TM96=X+2T^/&@S('-T>6QE/3-$)TU!4D=)3CHY<'0@,&EN(#9P="<^ M3F]T92`Q("T@0F%S:7,@;V8@4')E2!A8V-E<'1E9"!I;B!T:&4@56YI=&5D(%-T871E65A'0^/"$M+65G>"TM/CQH,R!S='EL93TS1"=-05)'24XZ.7!T(#!I;B`V M<'0G/DYO=&4@,2`M($)A6QE/3-$)U1%6%0M04Q)1TXZ:G5S=&EF>3L@34%21TE..C!I;B`P:6X@,'!T M)SY4:&4@86-C;VUP86YY:6YG('5N875D:71E9"!I;G1E&-H86YG92!#;VUM:7-S:6]N+"!A;F0@'!E8W1E9"!F;W(@=&AE M(&9U;&P@>65A'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6EN9R!F:6YA;F-I86P@F%T:6]N(&]F(&%S M2!T;R!C;VYT:6YU92!A7!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-$=&5X="]J879A2!$:7-C;&]S=7)E M'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/"$M+65G>"TM M/CQH,R!S='EL93TS1"=415A4+4%,24=..FIU6QE/3-$)U1%6%0M04Q)1TXZ:G5S=&EF>3L@34%2 M1TE..C!I;B`P:6X@,'!T)SY!3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\S.&,V-C4R9E\P9C,Q7S1D-#E?8F5E-%]B,&$S834P-C`Q9F(-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,SAC-C8U,F9?,&8S,5\T9#0Y7V)E M931?8C!A,V$U,#8P,69B+U=O'0O:'1M;#L@8VAA6%B;&4@86YD($%C8W)U M960@3&EA8FEL:71I97,\+W1D/@T*("`@("`@("`\=&0@8VQA7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B M=7)N.G-C:&5M87,M;6EC XML 13 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6

Balance Sheets - Parenthetical (USD $)

Mar. 31, 2012

Jun. 30, 2011

Accounts Payable, Current $ 100 $ 0

Accrued Liabilities, Current 9,504 6,683

Advances from Shareholder 47,015 47,015

Liabilities, Current 56,619 53,698

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

Common Stock: $0.01 par value; 40,000,000 shares authorized; 26,104,100 shares issued and outstanding at 03/31/2012 and 06/30/2011 26,041 26,041

Additional Paid in Capital 90,807,250 90,797,923

Accumulated Other Comprehensive Income (Loss), Net of Tax (63,201) (63,201)

Accumulated Deficit from Prior Operations (91,024,442) (91,024,442)

Accumulated Deficit during Exploration Stage (37,267) (25,019)

Total Stockhoders' Deficit $ (56,619) $ (53,698)

X

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Subparagraph a

-Article 5

+ Details

Name: us-gaap_AccountsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The amount as of the balance sheet date by which cumulative distributions to shareholders (or partners) exceed retained earnings (or accumulated earnings).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 93-2

-Paragraph 13

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_AccumulatedDistributionsInExcessOfNetIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 14, 17, 26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14A

-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 15D

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.30(a)(1))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AdditionalPaidInCapitalCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Cumulative net losses reported during the development stage.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 915

-SubTopic 210

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6472335&loc=d3e37729-110921

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 7

-Paragraph 11

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.32)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 25

-Article 7

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 32

-Article 5

+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.21)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 21

-Article 5

+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Portion of the carrying amount as of the balance sheet date of obligations evidenced by notes or loan agreements due all related parties that is payable after one year or beyond the normal operating cycle if longer.

+ References

No definition available.

+ Details

Name: us-gaap_RelatedPartyDebtNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6

Related Party Disclosures
3 Months Ended

Mar. 31, 2012

Related Party Disclosures

Related Party Transactions Disclosure [Text Block]
Note 3 – Related Party Transactions

As of March 31, 2012, the Company has advances from a shareholder of $47,015 from IACE Investments Two Inc., an 80% shareholder, for operating expenses paid on the Company’s behalf. The related party advances bear an interest rate of 8%, are unsecured and payable upon demand. As of March 31, 2012, the Company has accrued 9,504 in interest due to IACE since emerging from bankruptcy.

X

- Details

Name: fil_RelatedPartyDisclosuresAbstract

Namespace Prefix: fil_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 1-4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph b

-Article 3A

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph k

-Article 4

+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 15 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"+'
'+formatted+'
'+ "\n"+'
'+ "\n"+'
'+raw+'
'+ "\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 16 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6

Statement of Cash Flows (USD $)
9 Months Ended 38 Months Ended

Mar. 31, 2012

Mar. 31, 2011

Mar. 31, 2012

Net Loss $ (12,248) $ (10,439) $ (37,267)

Change in Accounts Payable and Accrued Liabilities 12,248 3,558 17,965

Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities 0 (6,881) (19,302)

Advances from Shareholder 0 6,881 19,302

Advances from Shareholder $ 9,327 $ 0 $ 9,327

X

- Definition

The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 13

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3213-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 17

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A1, A4, A5

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 5

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591552-111686

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (a),(c)

-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591551-111686

+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 2

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k)(1))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph k

-Subparagraph 1

-Article 4

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.2)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Name: us-gaap_RelatedPartyCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 17 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6

Statement of Expenses (USD $)
3 Months Ended 9 Months Ended 38 Months Ended

Mar. 31, 2012

Mar. 31, 2011

Mar. 31, 2012

Mar. 31, 2011

Mar. 31, 2012

Operating Expenses

General and Administrative Expense $ 2,530 $ 425 $ 9,427 $ 6,881 $ 27,763

Interest Expense 940 1,009 2,821 3,558 9,504

Net Operating Loss $ (3,470) $ (1,434) $ (12,248) $ (10,439) $ (37,267)

Weighted Average Number of Shares Outstanding, Basic and Diluted 26,104,100 26,104,100 26,104,100 26,104,100 26,104,100

X

- Definition

The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.4)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The cost of borrowed funds accounted for as interest that was charged against earnings during the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 9

-Article 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher OTS

-Name Federal Regulation (FR)

-Number Title 12

-Section 563c.102

-Paragraph 9

-Chapter V

-Subsection II

-LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 34

-Paragraph 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.9)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

+ Details

Name: us-gaap_InterestExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.

+ References

No definition available.

+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

XML 18 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6

Document and Entity Information (USD $)
3 Months Ended

Mar. 31, 2012

Document and Entity Information

Entity Registrant Name Verilink Corporation

Document Type 10-Q

Document Period End Date Mar. 31, 2012

Amendment Flag false

Entity Central Index Key 0000774937

Current Fiscal Year End Date --06-30

Entity Common Stock, Shares Outstanding 26,104,100

Entity Public Float $ 8,589

Entity Filer Category Smaller Reporting Company

Entity Current Reporting Status No

Entity Voluntary Filers No

Entity Well-known Seasoned Issuer No

Document Fiscal Year Focus 2012

Document Fiscal Period Focus Q3

X

- Definition

If the value is true, then the document is an amendment to previously-filed/accepted document.

+ References

No definition available.

+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition

End date of current fiscal year in the format --MM-DD.

+ References

No definition available.

+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition

This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.

+ References

No definition available.

+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition

This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.

+ References

No definition available.

+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition

The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.

+ References

No definition available.

+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".

+ References

No definition available.

+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.

+ References

No definition available.

+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.

+ References

No definition available.

+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.

+ References

No definition available.

+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition

State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.

+ References

No definition available.

+ Details

Name: dei_EntityPublicFloat

Namespace Prefix: dei_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

+ References

No definition available.

+ Details

Name: dei_EntityVoluntaryFilers

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.

+ References

No definition available.

+ Details

Name: dei_EntityWellKnownSeasonedIssuer

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Details

Name: fil_DocumentAndEntityInformationAbstract

Namespace Prefix: fil_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 19 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6

Accounting Policies
3 Months Ended

Mar. 31, 2012

Accounting Policies

Significant Accounting Policies [Text Block]
Note 1 - Basis of Presentation

The accompanying unaudited interim financial statements of Verilink Corporation, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Verilink's Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ended June 25, 2011 as reported in the Form 10-K have been omitted.

Basis of Presentation and Significant Accounting Policies [Text Block]
Note 1 - Basis of Presentation

The accompanying unaudited interim financial statements of Verilink Corporation, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Verilink's Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ended June 25, 2011 as reported in the Form 10-K have been omitted.

X

- Details

Name: fil_AccountingPolicies1Abstract

Namespace Prefix: fil_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.

+ References

No definition available.

+ Details

Name: us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18861-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18743-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18854-107790

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18726-107790

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 22

-Paragraph 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 20 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6

Commitment and Contingencies
3 Months Ended

Mar. 31, 2012

Commitment and Contingencies

Commitments and Contingencies Disclosure [Text Block]
Note 2 - Going Concern

The accompanying financial statements have been prepared on a going concern basis which contemplates continuity of operations, realization of assets and liquidation of liabilities in the ordinary course of business and do not reflect adjustments that might result if we were not to continue as a going concern. Moreover, the company does not have any operations. These factors raise substantial doubt about Verilink’s ability to continue as a going concern.

X

- Details

Name: fil_CommitmentAndContingenciesAbstract

Namespace Prefix: fil_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 21 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 8 37 1 false 0 0 false 2 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://VERL2/20120331/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - Balance Sheets - Parenthetical Sheet http://VERL2/20120331/role/idr_BalanceSheetsParenthetical Balance Sheets - Parenthetical false false R3.htm 000030 - Statement - Statement of Expenses Sheet http://VERL2/20120331/role/idr_StatementOfExpenses Statement of Expenses false false R4.htm 000040 - Disclosure - Accounting Policies Sheet http://VERL2/20120331/role/idr_DisclosureAccountingPolicies Accounting Policies false false R5.htm 000050 - Disclosure - Commitment and Contingencies Sheet http://VERL2/20120331/role/idr_DisclosureCommitmentAndContingencies Commitment and Contingencies false false R6.htm 000060 - Disclosure - Related Party Disclosures Sheet http://VERL2/20120331/role/idr_DisclosureRelatedPartyDisclosures Related Party Disclosures false false R7.htm 000070 - Statement - Statement of Cash Flows Sheet http://VERL2/20120331/role/idr_StatementOfCashFlows Statement of Cash Flows false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - Balance Sheets - Parenthetical Process Flow-Through: 000030 - Statement - Statement of Expenses Process Flow-Through: 000070 - Statement - Statement of Cash Flows verl-20120331.xml verl-20120331.xsd verl-20120331_cal.xml verl-20120331_def.xml verl-20120331_lab.xml verl-20120331_pre.xml true true

Balance Sheets - Parenthetical (USD $)	Mar. 31, 2012	Jun. 30, 2011
Accounts Payable, Current	$ 100	$ 0
Accrued Liabilities, Current	9,504	6,683
Advances from Shareholder	47,015	47,015
Liabilities, Current	56,619	53,698
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Common Stock: $0.01 par value; 40,000,000 shares authorized; 26,104,100 shares issued and outstanding at 03/31/2012 and 06/30/2011	26,041	26,041
Additional Paid in Capital	90,807,250	90,797,923
Accumulated Other Comprehensive Income (Loss), Net of Tax	(63,201)	(63,201)
Accumulated Deficit from Prior Operations	(91,024,442)	(91,024,442)
Accumulated Deficit during Exploration Stage	(37,267)	(25,019)
Total Stockhoders' Deficit	$ (56,619)	$ (53,698)

Statement of Cash Flows (USD $)	9 Months Ended		38 Months Ended
Statement of Cash Flows (USD $)	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Net Loss	$ (12,248)	$ (10,439)	$ (37,267)
Change in Accounts Payable and Accrued Liabilities	12,248	3,558	17,965
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	0	(6,881)	(19,302)
Advances from Shareholder	0	6,881	19,302
Advances from Shareholder	$ 9,327	$ 0	$ 9,327

Statement of Expenses (USD $)	3 Months Ended		9 Months Ended		38 Months Ended
Statement of Expenses (USD $)	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Operating Expenses
General and Administrative Expense	$ 2,530	$ 425	$ 9,427	$ 6,881	$ 27,763
Interest Expense	940	1,009	2,821	3,558	9,504
Net Operating Loss	$ (3,470)	$ (1,434)	$ (12,248)	$ (10,439)	$ (37,267)
Weighted Average Number of Shares Outstanding, Basic and Diluted	26,104,100	26,104,100	26,104,100	26,104,100	26,104,100

Document and Entity Information (USD $)	3 Months Ended
Document and Entity Information (USD $)	Mar. 31, 2012
Document and Entity Information
Entity Registrant Name	Verilink Corporation
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Entity Central Index Key	0000774937
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding	26,104,100
Entity Public Float	$ 8,589
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3

Accounting Policies	3 Months Ended
Accounting Policies	Mar. 31, 2012
Accounting Policies
Significant Accounting Policies [Text Block]	Note 1 - Basis of Presentation The accompanying unaudited interim financial statements of Verilink Corporation, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Verilink's Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ended June 25, 2011 as reported in the Form 10-K have been omitted.
Basis of Presentation and Significant Accounting Policies [Text Block]	Note 1 - Basis of Presentation The accompanying unaudited interim financial statements of Verilink Corporation, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Verilink's Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ended June 25, 2011 as reported in the Form 10-K have been omitted.