0001471242-12-000758.txt : 20120518 0001471242-12-000758.hdr.sgml : 20120518 20120518134517 ACCESSION NUMBER: 0001471242-12-000758 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120518 DATE AS OF CHANGE: 20120518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cheval Resources Corp CENTRAL INDEX KEY: 0001515800 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 275415063 STATE OF INCORPORATION: FL FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35425 FILM NUMBER: 12854842 BUSINESS ADDRESS: STREET 1: 3211 OCEAN DRIVE CITY: VERO STATE: FL ZIP: 32963 BUSINESS PHONE: 772.584.3308 MAIL ADDRESS: STREET 1: 3211 OCEAN DRIVE CITY: VERO STATE: FL ZIP: 32963 10-Q 1 chvld10q0517.htm

 

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

OR

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

For the transition period from                      to                      .

Commission file number 000-54062

CHEVAL RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

     
Delaware
(State or other jurisdiction of incorporation)
  27-5415063
(IRS Employer Identification No.)

 

3211 Ocean Drive

Vero Beach , Florida 32963

(Address of principal executive offices)

 

Telephone: 772.584.3308

Fax: 772.492.9219

(Registrant’s telephone number, including area code)

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 [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§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 [ ] No [ ]

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

             
Large Accelerated Filer  [ ]   Accelerated Filer [ ]   Non-Accelerated Filer [ ]   Smaller Reporting Company [X]

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

Yes [ ] No [X]

Indicate the number of shares outstanding of each of the issuer’s classes of the common stock, as of the latest practicable date: Common Stock, $0.0001 par value: 40,000,000 shares outstanding as of May 15, 2012. 

 
 
 

 

 

PART I — FINANCIAL INFORMATION

Item1. Financial Statements

Cheval Resources Corporation
(A Development Stage Enterprise)
Balance Sheet
 
        March 31,   December 31,
        2012   2011
      (unaudited)   (audited)
ASSETS        
Current Assets         
   Cash and cash equivalents    $                        -      $                        -  
Total Current Assets                              -                                -  
           
   TOTAL ASSETS    $                        -      $                        -  
               
LIABILITIES AND STOCKHOLDERS' DEFICIT        
Current Liabilities          
   Accounts payable and accrued expenses    $                        -      $                          -
  Payables, related parties                       6,080                       5,680
Total Current Liabilities                       6,080                       5,680
                 
   TOTAL LIABILITIES                       6,080                       5,680
                 
Stockholders' Deficit            
Common stock: 100,000,000 authorized; $0.0001 par value            
   40,000,000 shares issued and outstanding                       4,000                       4,000
Additional paid in capital                         (381)                         (381)
Accumulated deficit during development stage                     (9,699)                     (9,299)
Total Stockholders' Deficit                     (6,080)                     (5,680)
           
  TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT    $                        -      $                        -  
           
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

 

F-1
 

 

Cheval Resources Corporation
(A Development Stage Enterprise)
Statement of Operations
         
         
        March 2, 2011
        (inception)
      Three Months Ended   through
  March 31,   March 31,
      2012   2012
    (unaudited)   (unaudited)
Revenues                                             -      $                                         -  
         
EXPENSES      
Operating Expenses      
  General and administrative                                          400                                        9,699
     Total operating expenses                                          400                                        9,699
         
Net loss from operations                                        (400)                                      (9,699)
         
Other income (expense)      
  Interest expense                                                 -  
  Income taxes                                                 -  
         
   NET LOSS  $                                   (400)    $                                (9,699)
         
         
         
Basic and diluted loss per share  $                                  (0.00)    
Weighted average number of       
  shares outstanding                            40,000,000    
         
         
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

 

F-2
 

 

Cheval Resources Corporation
(A Development Stage Enterprise)
Statement of Stockholders' Deficit
             
             
        Additional    
    Common Stock Paid in  Accumulated  
     Shares   Amount   Capital   Deficit   Total 
             
Balance at Inception, March 2, 2011                        -  $                 -  $                     -  $                     -  $                     -
  Issuance of common stock to founders, March 2, 2011 valued at $0.0001 per share, contribution at $0.00009     40,000,000               4,000                     (381)                     3,619
             
  Net loss(audited)                       (9,299)                 (9,299)
             
             
Balance as of December 31, 2011     40,000,000               4,000                     (381)                 (9,299)                 (5,680)
             
  Net loss (unaudited)                           (400)                     (400)
             
Balance, March 31, 2012     40,000,000  $        4,000  $             (381)  $          (9,699)  $          (6,080)
             
             
             
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

 

F-3
 

 

Cheval Resources Corporation
(A Development Stage Enterprise)
Statement of Cash Flows
         
        March 2, 2011
    For the 3 months ended   (inception)
      through
    March 31,   March 31,
    2012   2012
        (unaudited)
               
 CASH FLOWS FROM OPERATING ACTIVITIES:       
      Net income (loss)   $                         (400)    $                      (9,699)
   Net Cash Provided by Operating Activities                               (400)                            (9,699)
         
 CASH FLOWS FROM FINANCING ACTIVITIES:       
   Payments for security deposits                                    -                                       -  
   Advances from related parties                                 400                              6,080
   Issuance of common stock                                    -                                3,619
   Net Cash Provided by Financing Activates                                 400                              9,699
         
 Net increase (decrease) in cash and cash equivalents                                    -                                       -  
 Cash and cash equivalents, beginning of period                                    -                                       -  
 Cash and cash equivalents, end of period   $                               -      $                               -  
         
 Supplemental Cash Flow Information       
   Cash paid for interest   $                               -      $                               -  
   Cash paid for taxes   $                               -      $                               -  
         
         
 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. 

 

F-4
 

 

CHEVAL RESOURCES CORPORATION

(A Development Stage Company)

Notes to Financial Statements

March 31, 2012, December 31, 2011 and for the periods

March 2, 2011(date of inception) through March 31, 2012

(unaudited)

 

 

 

NOTE 1  - Nature of Operations and Significant Accounting Policies:

 Nature of Operations.  Cheval Resources Corporation (the “Company”) was incorporated in the State of Delaware on March 2, 2011 for the purpose of raising capital that is intended to be used in connection with its business plans which may include a possible merger, acquisition or other business combination with an operating business.

 

Development Stage.  The Company's financial statements are presented as statements of a development stage enterprise. Activities during the development stage primarily include related party equity-based and or equity financing.

 

Basis of Presentation. The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  The Financial Statements have been prepared assuming the Company will continue as a going concern.  The Financial Statements have been prepared using the accrual basis of accounting in accordance with U.S. GAAP.  In the opinion of management, these financial statements include all adjustments necessary in order to make them not misleading.

 

Use of Estimates.  The Financial Statements have been prepared in conformity with U.S. GAAP, using management’s best estimates and judgments where appropriate.  These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.  The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period.  Actual results could differ materially from these good faith estimates and judgments.

 

Common Stock. The Company records common stock issuances when all of the legal requirements for the issuance of such common stock have been satisfied.

 

Revenue and Cost Recognition.  The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.

 

2. Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  For the period ended March 31, 2012, the Company had no operations.  As of March 31, 2012, the Company had not emerged from the development stage.  In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to find a suitable merger or acquisition company. There are no assurances that management will find a capable company for its purposes. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

 

 

  3. Cash and Cash Equivalents

 

Cash and cash equivalents includes all cash deposits and highly liquid financial instruments with a maturity of three months or less. A cash escrow account has been created per Rule 419, which requires that the securities to be issued and the funds received in this offering be deposited and held in an escrow account pending the completion of a qualified acquisition.

 

  4. Income Taxes

 

The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on the differences between financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.

 

Any deferred tax asset is considered immaterial and has been fully offset by a valuation allowance because at this time the Company believes that it is more likely than not that the future tax benefit will not be realized as the Company has no current operations.

 

5. Capital Stock

 

The total number of shares of preferred stock which the Company shall have authority to issue is twenty five million (25,000,000) preferred shares with a par value of $.0001.   There have been no preferred shares issued to date.

 

The total number of shares of common stock which the Company shall have authority to issue is one hundred million (100,000,000) common shares with a par value of $.0001.  Holders of shares of Common Stock are entitled to cast one vote for each share held at all Stockholder meetings for all purposes, including the election of directors. The Common Stock does not have cumulative voting rights. No holder of shares of stock of any class is entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

 

At inception on March 2, 2011, the Company issued 40,000,000 shares to its sole shareholder and director.

 

  6. Commitments, Contingencies and Subsequent Events

 

The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities that become available. He may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

 

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the sole officer and director of the Company to use at no charge.

 

From time to time the Company may become a party to litigation matters involving claims against the Company.  Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

Cheval Resources Corporation (“we”, “our”, “us” or the “Company”) was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

 

Results of Operations 

 

From inception (March 2, 2011) through the period ending March 31, 2012 the Company had no revenues and incurred $400 and $9,699 of general and administrative expenses for the three months ending March 31, 2012 and from the period March 2, 2011 (date of inception) through March 31, 2012, respectively.

 

For the period from inception (March 2, 2011) through March 31, 2012, the Company had no activities that produced revenues from operations and had a net loss of $9,699 due to legal, accounting, audit and other professional service fees incurred in relation to the formation of the Company and the filing of the Company’s Registration Statement on Form S-1 and other SEC-related compliance matters.

 

Liquidity and Capital Resources

 

As of March 31, 2012, the Company had no assets and no cash. Current liabilities listed are comprised of amounts due to the shareholder for payment of expenses incurred by the Company.

 

The following is a summary of the Company's cash flows from operating, investing, and financing activities:

 

The Company has no assets and has generated no revenues since inception. The Company is also dependent upon the receipt of capital investment or other financing to fund its ongoing operations and to execute its business plan of seeking a combination with a private operating company. If continued funding and capital resources are unavailable at reasonable terms, the Company may not be able to implement its plan of operations.

 

Plan of Operations

 

The Company currently does not engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury.

 

During the next twelve months we anticipate incurring costs related to:

 

  (i) filing of reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and

 

  (ii) consummating an acquisition. 

 

We believe we will be able to meet these costs through deferral of fees by certain service providers and additional amounts, as necessary, to be loaned to or invested in us by our sole stockholder, management or other investors.

 

 

The Company may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

 

Since our Registration Statement on Form S-1 became effective, our officer and sole director have had limited contact or discussions with representatives of other entities regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

 

The Company anticipates that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

 

Off-Balance Sheet Arrangements

 

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.  

 

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

ITEM 4T.      Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of March 31, 2012. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act

 

 

is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the fiscal quarter ended March 31, 2012 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

To the best knowledge of the sole officer and sole director, the Company is not a party to any legal proceeding or litigation.

 

Item 1A. Risk Factors.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item

 

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

 

None.

 

Item 3. Defaults Upon Senior Securities.

 

None.

 

Item 4. (Removed and Reserved).

 

None.

 

Item 5. Other Information.

 

None.

 

Item 6. Exhibits.

 

Exhibit

No.

  Description
     
31.1   Certification of the Company’s Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012.
     
32.1   Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.

 

 

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: May 18, 2012    
  CHEVAL RESOURCES CORPORATION
     
  By:  

/s/ Rory O’Dare

 

  Rory O’Dare
  President/ CEO
       

 

EX-31 2 chvld10qexhib3110518.htm

 

EXHIBIT 31.1

 

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

 

I, Rory O’Dare, certify that:

  1. I have reviewed this Form 10-Q for the period ended March 31, 2012 of Cheval Resources Corporation;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
  4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
  a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
  b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
  c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
  d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
  a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Date: May 18, 2012

 

/s/ Rory O’Dare

 

________________________________
Rory O’Dare

Principal Executive Officer

Principal Financial Officer

EX-32 3 chvld10qexhib3210518.htm

Exhibit 32.1

 

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

AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

 

 

 

The undersigned, Rory O’Dare, the Chief Executive Officer, Chief Financial Officer, Chairman of the Board of Directors and Treasurer of CHEVAL RESOURCES CORPORATION (the “Company”), DOES HEREBY CERTIFY that:

 

1. The Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 (the “Report”), fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

 

2. Information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

IN WITNESS WHEREOF, each of the undersigned has executed this statement this 18th day of May, 2012.

 

 

/s/ Rory O’Dare

_________________________

Rory O’Dare

Chief Executive Officer and Chief Financial Officer

 

A signed original of this written statement required by Section 906 has been provided to CHEVAL RESOURCES CORPORATION and will be retained by CHEVAL RESOURCES CORPORATION and furnished to the Securities and Exchange Commission or its staff upon request.

EX-101.INS 4 chvld-20120331.xml XBRL INSTANCE FILE 0001515800 2012-01-01 2012-03-31 0001515800 2012-05-15 0001515800 chvld:UnauditedMember 2012-03-31 0001515800 2011-12-31 0001515800 chvld:UnauditedMember 2012-01-01 2012-03-31 0001515800 chvld:UnauditedMember 2011-03-02 2012-03-31 0001515800 chvld:CommonStockSharesMember 2011-03-02 2011-12-31 0001515800 chvld:CommonStockSharesMember 2011-03-01 0001515800 chvld:CommonStockSharesMember 2011-12-31 0001515800 chvld:CommonStockSharesMember 2012-03-31 0001515800 chvld:CommonStockAmountMember 2011-03-02 2011-12-31 0001515800 chvld:CommonStockAmountMember 2011-03-01 0001515800 chvld:CommonStockAmountMember 2011-12-31 0001515800 chvld:CommonStockAmountMember 2012-03-31 0001515800 us-gaap:AdditionalPaidInCapitalMember 2011-03-02 2011-12-31 0001515800 us-gaap:AdditionalPaidInCapitalMember 2011-03-01 0001515800 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001515800 us-gaap:AdditionalPaidInCapitalMember 2012-03-31 0001515800 us-gaap:RetainedEarningsMember 2011-03-02 2011-12-31 0001515800 us-gaap:RetainedEarningsMember 2012-01-01 2012-03-31 0001515800 us-gaap:RetainedEarningsMember 2011-03-01 0001515800 us-gaap:RetainedEarningsMember 2011-12-31 0001515800 us-gaap:RetainedEarningsMember 2012-03-31 0001515800 2011-03-02 2011-12-31 0001515800 2011-03-01 0001515800 2012-03-31 0001515800 2011-03-02 2012-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares Cheval Resources Corporation 0001515800 10-Q 2012-03-31 false --12-31 No Yes Yes Smaller Reporting Company Q1 2012 40000000 6080 5680 6080 5680 6080 5680 -6080 -5680 -9699 -9299 -381 -381 4000 4000 0.0001 0.0001 100000000 100000000 40000000 40000000 40000000 40000000 400 9699 400 9699 -400 -9699 -400 -9699 -0.00 40000000 40000000 40000000 3619 4000 4000 -381 -381 -9699 -6080 40000000 4000 -381 3619 -400 -9299 -400 -9299 -400 -9699 -400 -9699 400 6080 3619 400 9699 <p style="margin: 0pt"></p> <table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 12pt; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 11%; font-weight: bold">NOTE&#160;1</td> <td style="width: 6%; font-weight: bold">&#160;-</td> <td style="width: 83%; font-weight: bold"><b>Nature of Operations and Significant Accounting Policies<font style="font-size: 11pt; color: black">:</font></b></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font-size: 11pt; color: black">&#160;</font><i>Nature of Operations.&#160;&#160;</i>Cheval Resources Corporation (the &#147;Company&#148;) was incorporated in the State of Delaware on March 2, 2011 for the purpose of raising capital that is intended to be used in connection with its business plans which may include a possible merger, acquisition or other business combination with an operating business.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><i>Development Stage.&#160;&#160;</i>The Company's financial statements are presented as statements of a development stage enterprise. Activities during the development stage primarily include related party equity-based and or equity financing.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><i>Basis of Presentation. </i>The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (&#147;SEC&#148;).&#160;&#160;The Financial Statements have been prepared assuming the Company will continue as a going concern.&#160;&#160;The Financial Statements have been prepared using the accrual basis of accounting in accordance with U.S. GAAP.&#160;&#160;In the opinion of management, these financial statements include all adjustments necessary in order to make them not misleading.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><i>Use of Estimates.</i>&#160;&#160;The Financial Statements have been prepared in conformity with U.S. GAAP, using management&#146;s best estimates and judgments where appropriate.&#160;&#160;These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.&#160;&#160;The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period.&#160;&#160;Actual results could differ materially from these good faith estimates and judgments.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><i>Common Stock. </i>The Company records common stock issuances when all of the legal requirements for the issuance of such common stock have been satisfied.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><i>Revenue and Cost Recognition.&#160;&#160;</i>The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font-size: 10pt; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; font-size: 12pt; font-weight: bold">2.</td> <td style="font-size: 12pt; font-weight: bold">Going Concern</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.&#160;&#160;For the period ended March 31, 2012, the Company had no operations.&#160;&#160;As of March 31, 2012, the Company had not emerged from the development stage.&#160;&#160;In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to find a suitable merger or acquisition company. There are no assurances that management will find a capable company for its purposes. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font-size: 10pt; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; font-size: 12pt; font-weight: bold">3.</td> <td style="font-size: 12pt; font-weight: bold">Cash and Cash Equivalents</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Cash and cash equivalents includes all cash deposits and highly liquid financial instruments with a maturity of three months or less. A cash escrow account has been created per Rule 419, which requires that the securities to be issued and the funds received in this offering be deposited and held in an escrow account pending the completion of a qualified acquisition.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font-size: 10pt; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; font-size: 12pt; font-weight: bold">4.</td> <td style="font-size: 12pt; font-weight: bold">Income Taxes</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on the differences between financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Any deferred tax asset is considered immaterial and has been fully offset by a valuation allowance because at this time the Company believes that it is more likely than not that the future tax benefit will not be realized as the Company has no current operations.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellpadding="0" cellspacing="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; font-size: 12pt; font-weight: bold">5.</td> <td style="font-size: 12pt; font-weight: bold">Capital Stock</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The total number of shares of preferred stock which the Company shall have authority to issue is twenty five million (25,000,000) preferred shares with a par value of $.0001.&#160;&#160;&#160;There have been no preferred shares issued to date.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The total number of shares of common stock which the Company shall have authority to issue is one hundred million (100,000,000) common shares with a par value of $.0001.&#160;&#160;Holders of shares of Common Stock are entitled to cast one vote for each share held at all Stockholder meetings for all purposes, including the election of directors. The Common Stock does not have cumulative voting rights. No holder of shares of stock of any class is entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">At inception on March 2, 2011, the Company issued 40,000,000 shares to its sole shareholder and director.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellpadding="0" cellspacing="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px; font-size: 10pt">&#160;</td> <td style="width: 24px; font-size: 12pt; font-weight: bold">6.</td> <td style="font-size: 12pt; font-weight: bold">Commitments, Contingencies and Subsequent Events</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities that become available. He may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the sole officer and director of the Company to use at no charge.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;&#160;</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">From time to time the Company may become a party to litigation matters involving claims against the Company.&#160; Management believes that there are no current matters that would have a material effect on the Company&#146;s financial position or results of operations.</p> <p style="margin: 0pt"></p> EX-101.SCH 5 chvld-20120331.xsd XBRL SCHEMA FILE 0001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 0002 - Statement - Balance Sheets link:presentationLink link:calculationLink link:definitionLink 0003 - Statement - Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 0004 - Statement - Statements of Operations link:presentationLink link:calculationLink link:definitionLink 0005 - Statement - Shareholders Equity link:presentationLink link:calculationLink link:definitionLink 0006 - Statement - Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 0007 - Disclosure - Nature of Operations and Significant Accounting Policies: link:presentationLink link:calculationLink link:definitionLink 0008 - Disclosure - Going Concern link:presentationLink link:calculationLink link:definitionLink 0009 - Disclosure - Cash and Cash Equivalents link:presentationLink link:calculationLink link:definitionLink 0010 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 0011 - Disclosure - Capital Stock link:presentationLink link:calculationLink link:definitionLink 0012 - Disclosure - Commitments, Contingencies and Subsequent Events link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 6 chvld-20120331_def.xml XBRL DEFINITION FILE EX-101.LAB 7 chvld-20120331_lab.xml XBRL LABEL FILE Unaudited Statement, Scenario [Axis] Common Stock Shares Equity Components [Axis] Common Stock Amount Additional Paid-In Capital Accumulated Deficit Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement [Table] Statement [Line Items] Scenario [Axis] Assets Current Assets Cash and cash equivalents Total Current Assets Total Assets Liabilities And Stockholder's Deficit Current Liabilities Accounts payable and accrued expenses Payables, related parties Total Current Liabilities Total Liabilities Stockholder's Deficit Common stock: 100,000,000 authorized; $0.0001 par value 40,000,000 shares issued and outstanding Additional paid in capital Accumulated deficit during development stage Total Stockholder's Deficit Total Liabilities And Stockholder's Deficit Common stock; par value Common stock; Stock Authorized Common stock; Stock Issued Common stock; Stock Outstanding Revenues Operating Expenses General and Administrative Total Operating Expenses Net loss from operations Other income (expense) Interest expense Income taxes Net loss Basic and diluted loss per share Weighted average number of shares outstanding Beginning Balance, shares Beginning Balance, amount Issuance of common stock to founders, March 2, 2011 valued at $0.0001 per share, contribution at $0.00009 Net loss(audited) Ending Balance, shares Ending Balance, amount Statement of Cash Flows [Abstract] Cash Flows From Operating Activities: Net loss Net Cash Provided by Operating Activities Cash Flows From Financing Activities: Payments for security deposits Advances from related parties Issuance of common stock Net Cash Provided by Financing Activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental Cash Flow Information Cash paid for interest Cash paid for taxes Notes to Financial Statements Nature of Operations and Significant Accounting Policies: Going Concern Cash and Cash Equivalents Income Taxes Capital Stock Commitments, Contingencies and Subsequent Events Assets [Default Label] Liabilities Liabilities and Equity Operating Expenses [Default Label] Net Income (Loss) Attributable to Parent Shares, Issued Stockholders' Equity Attributable to Parent NetIncomeLossFromOperatingActivities Net Cash Provided by (Used in) Operating Activities IssuanceCommonStock Net Cash Provided by (Used in) Financing Activities Cash EX-101.PRE 8 chvld-20120331_pre.xml XBRL PRESENTATION FILE XML 9 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 10 0001471242-12-000758-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001471242-12-000758-xbrl.zip M4$L#!!0````(`+1MLD!4\(:^]14``,&H```2`!P`8VAV;&0M,C`Q,C`S,S$N M>&UL550)``/#BK9/PXJV3W5X"P`!!"4.```$.0$``.T]_7/;N+&_OYGW/^"Y MK]=VQK(D?S6QDW1\=GSUW%V2VD[[^E,')B$)#47P"-*R^M>_W07`#XF4*(FR MG<0W=SF;!'87^[T+@'GSEX=QP.Y%K*4*W^[T]WH[3(2>\F4X?+OS^:9S=G-^ M=;7#_O+NO_^+P3]O_J?389=2!/X)NU!>YRH[_?Z^]W> M4;?_ZK9_?-(_.CD\;`@_X4FJ,_B]AY[]QTQ_\W`7!_($_V3`^E"?/&CY=J>P MI,G!GHJ'W?U>K]_]OU]_N?%&8LP[,M0)#SVQXV8%,OQ2-:__^O7K+KUU0^=& M(G*'XZ"+K^^XSB$C@0O&SU$";_TDFU`708S-4NJ&^F!FGA;-%%X71Z_$FI+HSY#S*)@RX MOJ/!]D4%,?`F5H'0E7/H3<6D4(5A.JZFRT_B;C*-1!<&=6"4B*67S5L^J3P! M:,#'U=31FPKJR$RR&?0;C>H=P!AG%:A))YKT]5H,&"GAR8A$0S,Z;L;>@_9W M['O$^'9'2_00.ZSK8!DS\528B(>$2@<'VC_I'KWJ]-]W9R3FZ;B4^BRT"KBM_ MG@HPGSA!+_,N7XZ#E+^;FP9NL#`)UYVC]TM3W/,2`>ZA96D]G\_TQX'!<=3I M'WUEO#7.*7F7+R!#8=^TS204Q+\^ASSU92+\7\7X3L1/QK1MY)8S_4OJ!['*KQ)E/?E9L1CH;\Q97G_6PIT8XVL0OA5%Y6F9NU? MG_+,A*&MI*R&L!>%>08*4TI`2"J/D:6]2/Z927Z+J>=,!?8B^>,YZ\'A) MQ8L>/%\]>*H4XUHD7(;"?\_C4(;#[Z,EY895+_XEJ6BZ?_ZB/,]+>9[?OOI, M1OJB,$^N,$^4@[Y(_GE)_O&RSA?)/R?)/U&>^96=37SF*5DYJGYEO'WD`/1U MGK]_0HO].AGV#(\.IJ$T3/Y\Z\'[=O-A=@4>S-)8!;6`]$*$:BS# M96B7\V46;Q5@][[$A2J&^D*>O">=OA9#J9,8K!BOXS&K/-=X!VG1!:+SD;CG M`;L6FJX':G:NXD@!'R`Q>=.M`S^/_APL*^;!5>B+AY_%M#'^HO760BNBNU!> MBMG+[31JOLI^K_,W`[\XO0KL)[+$]\9.&\,O6GHMM"*Z,WCKXXC+@`\;HQGP M0`N#H02@"/D\C6-\++7'@W\*'J^ZEHY+,A9!FU>`?X@@^#E4D_`&M!VR5O]* MZQ3<=U.T'U11`6J@S:/]NPK2$%SQE"[Y M[;HNNFIH\UB)FG/@]U#%S6WJ9LP#O'V<@:=[R#R<%DDH@:ZR!"-SH\&7\*SY M8O\V8P5SD.K1H8JMA@Q_KD*70:J0Y>RQP8]I@OD/WOTNX9VY$8*NW.N1V>AC__#"A`<,Q5_R3F/XRF, MIZO5-1167BO)*<9T@3UH>1+*X.U.$J?%.Z<;XW<%V8KXSK06B;;&L,5U+<6S M$?U;)[Q-BCT/#[_H3WS*[P(!PH8G,-3_1?([&0QV94M+/V:Q&`]_,_ M01K?RJ)S7]#;>7?<>P5>8!7,;5%;PYP2=4?'FU+7JKHLX-P\GO4H69TK*V'> M^N)7Q+W1M[@5;_@ MWJJ1;4!3(QZM0T/QD&HVXP;R9J&;)JKK&>$A):WKD-'V$AI;;GLD%UP?9")% M)V"V8;:8"*V#>LWLI\`A".T?8]IK\BFCA\J,F+3V0C_5R*BWA^V=2BG5T=`2 MV95,>APR#9*S-!FI6/Y'^*T::K^7E9@-4&](96-;;)DJZO6TR[?#Y00:K!L0 MMY+KVI28C\G(JN)6@T(MF=7X6R&X'3XV(_!:W(LP%4W;39OZ^T7HFGPF9$5T MYL.$`=;7_EB&U,!/Y+UX_Q")4#=M":^4>QT6Q;$$?PODKL&T$KGE)'M%>C]& MN&$$6F7?MZ5%]0R=P[@62>TR;2E-9_Z_4YU@9U9?JOB#"CVN1U>)&.NKT`M2 M7T!"##^IL?A%:8TTG@/-,DP!I@6NPJWPME-B;CMT/M[J-Q7C3(6YG>5_$$D^ M:?LR+*%;F9:6.;J0&%0PQ$\/[L'H0_%AQ01?QS,Q5H"L_DZ&@?_E>B:7=054`G#DG9CS;(`;=3C MEC\(C8T!4)A'0KP\EUW\1:%Y\6R. M&UU+[JML54:/B7/)&?T5$JB6.;_5Y2Y>5WECKWY=9B,*8P1^:?[CH.!H;M4E M>!J_YI#3*M^/7.:E3-AJ1,JVZ5[1NSX=S9LZFZ>C?#/7T"8I#?*:E=A468>= MW7,9X#F'6U68;(UQE9)EW:IT.0%;H']]P2_:^7WZ=:UP@?@K%]Y?=_G'[6V$G; M*E-7Q]TNU6LR>7.R03JQX%I<"//_J_!"1$K+I';/J3F?&_1RUL/=@%MKX$X% M@B\?YFM#PTH*UA!OB^2NJEKEQ'M%>LO91L%[KL[(96VRE5`M9D)-0ZHJ@2K@ M:>@!+F4($UOW6TW<5@7J=HE>5;<:>:T&5-,TNATQJY];'H1Q(CX>)/28/EOQ)X?<5A+X%*GX,5@@'[WX(DM.(Z60: MB+<[8QX/97C">E&R\\,P.<67W8A^^EW_P/X!SQ),WIDG@B#BOOG[*7L[]+N. MN.=^MT`GTD]&)ZS?Z_W^E`V`K(X&18`'^U%RRNY4#%E_QU-!P".-?PND_6DG M1XL88P?N7D!`]'C0`7T:`JV)BO*AR#\:[L]B[SOD$]J3.P'$@4\3/WR\??\# M'T>GO^L?]T[[M.;$7P[RN!9B#JW3&-JK@WIP,/Z.*.5)&@NF!JRP#0]9'"OH M!,N5@CFM0``(VJ$L"J&/0@">JQ@P!MS[0BA/B&XDU"7% M*#V*BDB-T-FM'$.X^R`F[%J->;AK'NPR/!T[.&69%IXR5.&.#/'V//R^=R3# MC".K+2@7R=S*9,Y:HKK$WKW"Q#((FK;HKC+[8S(2S,XZ_/.IO?'H'KPZ_1.; M<,TD^!(S1_CP"\-)=+P3Y7P!2>"$.\)"]BN/O1';W\6_$[4/ZA+3\"@%`)HF MQ%QJ2NKM6?%DQ!,F$4LB@(T^F`N[$RS5!AEXB5!X1.U$)B,&I0&[2P&"T)I% M`0?]FHPDH!SS*=$@S<$+QAE@U!+=P%C$0Q'O,N[]E@)R`@:$*3SME@,#AWF' M5\HS5!Q&N?(I&[97YW$V4:,J!6@9Q4)-)4VY$/9D'Q#L42S;H%N5J- M^8,F&@1"1`@45"GPCM0!P[I88Y7(UZ&0^,HEEKLL4+V MZ:URJ"L!+$I45@$-H^5!7KI1$A$W13$".QRW/2E]@*%GV?0;,3O!=BK"%'(P&9D=AIC MI92@):.PXC00#L`0[[A05`!"R)$(#\1*\L41[Q^\$0^'I%ECJ?%33T3)'W,O M=?/^O."A*I6TM!)66$4%M1S*NK'3*ZO/8/^!N<4BPU2@TG(V5+85X8DXK,-* MM#;%G&J'EN--3AA_YT3$\Q`)/A!_BWVL/8UC^KQWL\=^.CO[5$G&E?'0*I*A MXQY`!-T!,T%:=O$U^.)*:\V\)ZR?YX?;&/A@<'X\GB(]E!"A=,?\BT!H8Q:J MA(&\`L'];]J(/IL@]EXGX&X28<.!G"&M6A%G3:I")4S`@Z@Y1J=4%O:N59A< MDLX,CD\A)F+%(AQ99$O_3OVAP32!0`XYR@<-<2?\]=!@XTEC5$[UT]AZC@!I-O,PW\N4IG:SU` M+3?0N'F@U<+U8.H"IH[;(D1-[(ZA(S#A3@H78E*H#2MNS(Q,(R:M930K$D.0`X3^V]NB253<)A^K4&UFP MS(#,K59#)-,#*?QOE_GV[@7I_+D"#W,-G(9*CE*'I>DA$>ED-((H&BKFV?OF MIARA@L#@.$7>QP*$($JAV,Q+V%2`L_!51#8*SR,L'5'T0Q[[N0UFY!5`FQB( MG]712;6LJEE:WVS(.YB;M$#F;S:"-OK@^2\R;_DX'86G-/M;DXH:PT,.5*:(F0,D8JKR M:!NX-TJF+UWG@&(I,ZT!TUPXZ%-W87^WB(6(&7$??8Q:W!PYHV1E`2QFX$`^ M19T#/PO'\W5G709^+\7$I=XFCD/@AO"N2XC^`+R@E&>*V?0"%F&#Q!>1()&Q M-%)A/1@0&D@#(I%0H[FQZ&YA&ERO:(9+B MG1"K5R@$+P#5H*B6QU?,NXSQ0Q:_RZS1NAQZ?A:15BP.C(JA_S5,$8524X\H M/2ZN!#N#(>G=8H-I.\PO"LW-O@A&T7_Z$L^K`ER3[8>5V=GE@3MQ6KBNF14(E!%AOOQB76O$7[, M,04K..R_WK5[!-9[ZCQ'R>."W7>0YG834DX-!_+;X.>$O'>[']2B@X*=M@4P M;-%J[:21"'"8K=!G*<4([FH5#)R!<*Z4L]]2L"4L)XLQNFT_UL@WU6XFO]0E MC^S'#MOS8T:(C(X$?#^NJ]@E2B$O`S9IT_^1+K49BV0$%88:&)O-.^^4T1JN M)=,#%)AVVT0HF:!+ MRQUFWE\TVP3.12'";..`LJ_Z-BQ28+^L[?8?1`BYMJ4[=MU2(B'@$^LI*>]' MYP@.C5JFNZ:?-D,X@]=[4A-IJ?,C1^5>R3&K7P_F/\'=- MKHZ8).T1C[$Y%,@OF/`#82%FM;N&1)-O(RM$*`;2M7DQ[;W#;-:<[?GF.G5G MF-W/\1%Y!7Y90ZU!NPICUUK.&L=9R!RDV&^&>(;3H"3A#&)":C+\7&1WPN,I M%+$4-0&X+6R*>7D@0=A67^JE1>^)"A-=J?`KB*U2:IC?S[<$LU9BL=QO-UHN M"GQS%]^\D?`AW_@XH%;UC]-S+'R>8YQ\'NVZHS93=%,<$^._K]B6*&J%T&<; M:+^"SC%3_R-V;H'V+:PKQ2RX:$HP'NR-6GK#__[4Q&/P6V3^8C'Y$JH&?._]+6XZAV#XIZ=/4>4[[&`F<\A ML"DZ4.G35N8WYM(7B[6T%T7RS+QI8YFJ4+`1%#;(TTRF?2-0(U2'92V)_M5< MDW+MSYSVXE:>R17P:^^!D244=@E1=J\20;F7X*"L--M451!8<&&%JUB0RPC, MB,S>';YTW<=";R[CCPCL03(@Q8",\8@X_VR+4;'[Q.'$H0E`U7'W>R#2"GB?*220CC!IV^#:O@B%,D?/' M>")#I&G!PB@-I$9I"$4NFB\?X)IX_HE$0.#&&+LU)\7@,3!<3'?-/KO-56QC MT;1>,6.P8V`(I"83/C6BPQYJN)UP\R4 MG?C0_"$GU@K$2H^LYIJS&<86VLZ>EF1$\^;TH\W[;I(Z91 M&=U;;C<1_/%:*YL)F1]O>5MI$=*MSMF;'!F9T;LV^& M?=9[%=@&Y,RQY9F=LC&?[KI#VJ:\VL7J#9L8"X"H"'L+>/DCVY.QD[B[";U' MM/P5-S(A'>18Q]-9-3!/]%$00RB\4D_4M"Z*SHE.VY9Q2GO/IKQ3F)WWP$-P MYH/H=)2;#GO`LRR:PU05I"Z>VW,ZAIQO[S34;6DSSZ8G:A*:SC@F"'BT3^`A M9\LB\]2H&$/O)0R;BT_,(?N[:7FW'I.3.,9#N-F[INJ*8<:T"8@&K-%'N#_[ M*/*H.XWT6#*ZI!UH:HRH^08)6HTS*7,&YK,QYX1L)9*VYD!EV.= MM`L``00E#@``!#D!``#M7=MRXS82?4_5_@-7>E^))2 ME6.[;$]VWUP0"4G8H0@/2,J:_?HTP(M($2!!B3+)*18R*8.ON@XM//; MO__Q@P'_/OVSVS5N"+:MH7%%S>[8F=)?C3NTP$/C#^Q@ACS*?C7^0K;/K]`; M8F-F7-+%JXT]#!\$-QX:)T?'IM'M:IC]"SL699\?Q['9N>>]#GN]M[>W(XZ(^,W%LRYPO;6O0_]H_&WP\6DT!^Q7RX/IQ?W#_QJ#TCT%]CQ1HYU[7C$^\89 M90N!$I`+,W.&IQ<=H=3EK:-_$MSL1QUE[]LK="27\'[0,7IE\?V.;![$ISG& MGEL(2"I=)8('Q,#?.?:(B>QR<*2J.V+C70YS!MS[Z?TK'X,@\L5ARE?;%=,< M')U3VX(![_JK#ZVB&(]2I<+X7")W?F/3MW+AR6CMB.@.QDB&DV&'SO-$9@Z9 M0KN`KF2:U(>^Y,P>J$U,@HOA;F]R1U_^H&#SDD(+9\5CA4QXQ_MS;L!5_A]O M-4MD<\X*D>2K[8AI#!G%`C^CE09Q$MF=(_)*/&0_>=3\HA&'K/"N]Z>+!?%$ MUP&J>9.##`L:'&^0_L3%7WWXZ'JI1U-Y6WGH$3,C!V3"23"*F3=*`/B4>R8@ MSL$$,_T)[EH$@+IBV@MOE(Q0;(4X7@]$>Z%,3VI@_[CCFW4MND"D).BL]CL@ M%G?J+O!B@EE)N&G5_6-%MET.H5#8/RZ'>J.RT"*==VV3>(I\V]NZ44;J:H+HU`W4CI5PY7 MG@S'^(X!5)SIP.^AN!'*AV@B/#8U4R!L7LE0)B5;D#1%[D0PY;O=&4*O/5%7 M8MMSHRMBN._V!V'I\F-X^24&!9[C,?P:@[?1!-OBWB_"3YEDKP'`G]%DW0^4 MH$.I3:@ M3X860'0,RB"+O^@,^FL<-G6Q=='QF"]QMPY^GDSL($;H:$6*VU9:N%*VI--_ M/COIL$N9D7F7)>BX7R\7(1E(/*F*GFB>WVVXVYX_X9R*PI-M*9140N+2RV<'^1;QL/5GF,G*N=@0 M>ZF<@'0Z+0]N89.G^8B5LTJM_6+DNI`9C2:NQY#IJ0A(2[W(&L+^"=";S"50 M59&O=T0*@%[ZC"^AZA&P(5P/#^H`9VF0`6YF/Y`OH(V\2\38-^+,Q`:0BATM MY3K9RN&!;N6'[4-E/15**KW^A9OI03*AX_-(5'S21`K5$/5]N0H""Q3*+P2[W#7+#S MZ#Z@;WS9`AR'*\S'$F^48Z&^B=J)U1TU2[JDXO9CD[A]Q#8,1M8#8N5)E>JV ME$VU+RH:SQLVLNJ/J&VAJ&2_DJU9U<.(!A4MY"`_^/561>53Q)8FA5NF@8-Z M\WE^)H0Z`GO^(L.&7%U4E,WRI+B57)PUA8N198DX(OL),^CAXCR?>^][XBPU M<68:/!7::"&'>CXI^:VWYEJ#?T#$&COA<3%E3B<7;PMK>?"5!-5;73UB#P*! MK6O$'&A++F2B_L(7Z><5!-@DRCFK6+,MM&EZHF1PVQI*N4N7=*&`!8EH6\*N M@JZ,,!,K%AJK-RK51J^!ZN)7$5?O@)9`'ZPKC7QO3AGY_SK#SB%L M4Z4M1$EQ-[YG!:C'KNN7("<0;QOT-EQX?<'E0J-9B(?=3.[0/#8 M1IL?P+86$$4.V"-+'+J@(JA`K1Z:M.)/2WK1S!(^XZIV3VH)-7+<&L5Y+:?$ M_N>[P5.Z;BB[HXZ)W+D8)L:.:?M0[(^=X#EGM]1U;R`RP<.\?'`O6]IG#Y55 M8;TEM%?HK*JMU'MZ5ZP\!1[P1RCISH>Y6LV>%(NAJYBJ]VSO&*H/AEVO8";< M$*NIGVD'F19`5W%1[SG-_-._7#O..-N[/-C;N$ MCA$J-6!K)9/='?;L#GMV5?`3-''^S=R95:L(>7YVWC]HLVP.;O M%2F$:]W#RXTV+0;_W?+2@OV[W;A[YSV\S.&O_+T\A7@M>WKY33_WA-O^]O5T M`CU:\(>-:`[<\`K7J"V-IKFS/,O']]/$U/9,[V!N8Q#4J[:YZLU.N0ZV)5#3W,6\$=+ M1&Q>QS[3A!]A4\I=@"QIIM%D;N.+BMS3]UYTS'UE7[SN^"'W"P-D+_F+H'S>A M"W$CEJ\<3L%;_F)@YYO`1"O@,12_I'0K!RE[`V"$;-#?1!9(&Z'X'B(F>1]@ MC&:0C9,0-T+YZN%L\?Z_&.UQ!NW:VL]&RE[07V*+1F22.Q2.7?P'?]DN7/D; M4$L#!!0````(`+1MLD!"$J1-(!$``!_@```6`!P`8VAV;&0M,C`Q,C`S,S%? M;&%B+GAM;%54"0`#PXJV3\.*MD]U>`L``00E#@``!#D!``#576MO&S<6_;[` M_@>NNT`3P+*DI"T:)VVA^+$PZB9&[+2["!8!-4/)W(R'ZCP4>W_]DIP9:1XD MAR/+Y-T`3=31N=2YG#.7CTMRWOQR?Q>A-4E2RN*?#J9'DP-$XH"%-%[^=/#Q M>C2[/KFX.$!IAN,01RPF/QW$[."7G__Z%\3_O/G;:(3.*8G"8W3*@M%%O&"O MT3M\1X[1/TA,$IRQY#7Z'4>YN,+.:402=,+N5A')"/^B^.%C]/+H18!&(XMB M?R=QR)*/'RXVQ=YFV>IX//[Z]>M1S-;X*TN^I$3 M\D]A_B:B\9=C\=<F@YM77ETG2?A@=5Y9P\K MKM.4"ID=E-=N$[)0DXF29"SLQS%9\IL=BA]Z)7YH^H/XH6_*RY=X3J(#))!< M?5J_7C7**HW&KLE>D82R\"S>C77;VA-]_NPDV2,5F$O&_DI<\?8YR'E-/_C=S-R<9*4B[-NIAQ MFX)`SY**!TZ"'F=*Q#A@/-*OLE%45%MAODC8G?:G2T^9!O`YFF_**:J#_Y2& M<`.6D%0VWH/N1IVUJ<9*5G<11XFN$(E''Z\/?MZ@WHRW1>QR=TN:DN("IW/) M,T]'2XQ78]G;(%&65E>D#$:3:=GV?5->_BQZ%^2.Q-EU0&+,8][LGJ8M]WJP M+H1A15<(Q`CT+A0;=FW!;+"'J$*C3P+_[\/?ZCL77&0N^7-]B[KPA M3FBQ[N)%#]UMW-``OQ%"-#_KB++6)+&H; M+Q'&1%\9:50&WJ4UA&5;8@44;;$.X\[LCN5Q9A=WFE@O<4=%5QEWZD#OXK!A M9XP[!1Y&W)F%O%M%68RC*TS#B_@$KR@?!BDE9&GC,NY8T:_'':.!=VD-8=F6 MV-8&":/118Q*,QA*^T`R3&,2GN$DIO%2W3OJ`[O4EIEP751J)!@U&>EU9!0$ M^5T>B6$Z.B4+&M!'1RIMRW7*^&_Q)G(6AV=QQEM-,8.;W,D)S-D\S1(<9,K@ M:V?HKDT;XLBV@;.Q\BZBP53;@JI,$;=%A3&J6>\S.*4D.%JR]3@DM(A+_$,[ M'/%+GPL6'\B2"N9Q)E(&+;?U,!>JZB,I-*3#>%=,#[%.?[F0Q!8K,SC^9''" MM9K@Z"(.R?VOY$'K7`?G5A@:FDUEM$"`I*%FIM%&"482C3C<5A+2-A<#XO,N;5)S(0QM\:>%E!B6M2@6-+T'%@B0:-3,3&+9 M6"!IXE$A93#\0%8LR6B\+-8_ZH=?&KCC,:R1=&LHJ\0"4H^1H%9$WZ9H8U$N M6D5E21[5)-5\PMO1)4OT,R`ME%OM*"DV)=.``%**BI=FYJ-40@T`2`A=5AH9%$`DD1[;F/92F_=Y)C9&M*/8CI4U7K9P`"JI2MK4#$H14"2Q1KFXJ/;=ME6\<%K]:Y+, MV6;7E?DN*&EV;L5^MU7L:3EKFI(LU:P=TX&<+EA5$FRL4&T@P#RB2EJ=K)T$ M09)".9=FI8@.UKTP-'2[^F@!@-U+ MBNW*5BACI5UY2M+9AH,Y!P6Y(U<[F) MHE;`M^F^-NGL7:MV/6^3@2<]6O3!]6B(FAO6&Z\9PM#4+`C$?MGT"C^(R4'^ M!/`K24["KHNZ@#^D!*?MYG#7&HVKO3D870[GK-BA*$M`JZ((V7G'12&(W*]( MG`*5[@X62P9C6F'L5J=,:@4J4=5'F:R+9U69JDAR@IK+A`$SAAU#I: M^@Z*=K$/<(BSCF3-$2:XAK=&J-]3;QKI$0>LH6>7F%H3X+0P>-@)9:`Y;&CY M?S"8'#Q\!#Q"Z]V.X=(,4'1K`T5O*$:`:"D9N M9GZ&@[96'(YHC`+(!VW53G0J&W]--=@8^CR`2^^(Z3"NKA48W5E3-1W2%19( M%.:)V$,6DC6)V$JND>,Q;OGH-EI[>E>](ZH6E@'G[FPN`\WM45P*D'>5]#%3 MCQP!]_;[TF`[9L]@)2YW25B"G:,PL>V=N(">JZQU,J]P\CZ1RU]#.4JZ(HGL M9_9W3_66G@8)?:YHQ@8Z,^]1<#A7T]CV->"Q:S&RF6W&V_T5T;7P)#H==8W8 MVG"((M-P-(NK/-]Y8P148_(\$VM]56BOVFI2-NJJ@,+55(.?C9X*`W!:>I_= MEH%WV`2;SLZ3OLQN:)2F-H*H.2-3&_4]T6;PQ\QOK$F<:W.2VZ_=SE4T235G M)(KOP,BC1:BM@NIK&+?[_4J\SI*K[ZQ#3@70JBEW9=(5HP&,GT,6QK M:(-'9Z!69!5O1XW$LK/PCL;RR.F,KDG)4N-]KY5+95FZ4-=7CPD8E=GQ;&NM MM)*9G:8=#,UUGAW;9\QSQ+**5+#FKG3TU)-54(/4+/Q/GF9B"C\]9\D[?NMP M>BNWNE_$092')+R(^2=V1RY9FI[SNWC"8NY'SETI?6*Q=G_0G@IWFVO<9X4T M4Y/[*!E,`-VK.^V'YAW)4,3-D+@YB&W@,!X:.=`I?!-O*;'L+/88.8V_5@XT M@K'1`HPHK6AV.I#""%%IA9Z5R_J?PY#:19P17DF9N=/80;D4DX9B73TM"!BY MJ'EU3E`M4=6.#RC*$'J]P?,34.MD%NM6'CFA3(FT4()5HJ'6%(D-( M)I`P1,*Y;MM@C7LMC$MI*.G55=$`P.K_JZCINC$PQ%"M_:F2F&]Q2@/>3)[2 M*,^T29I>*Y>"L72A+J$>$S!1QHYG6V$2):7\0NKSE MY&9KWI%?DG>Y>"OD^T4G5R"]T=3/P#)R3-[KS.<9*96U2)O_98L:2Q")7J+ M^1MHL-?2\OM%M0Z'D)H:UL;)<.*L2#]_*.=.W:9:%E\4/O%[54 M^0T[YS\:=E^P8VGC;DVS)?WM^N8>`^^MUQ"6W7>I%%:B>0IJ"QA0QM"B-#U$ MOW&/;M&+0\35,"U6`/+V+=ON::LZ9X>\D#A+Z#P7DYM;R.05C%#6&.+,UIA& MXM2!&U:KLO*9,W7_(&>=-H71\ MW)Z'O*I>/6K=\=$=A'PFN\%#^CT0^P\0:U_/LN\>[*?[L.=CY'FSAM/;\XA] M[4M+F4V\'"UO(*\\ZER!!Q-D+4CJ#Y[GO0QY9*RT0I\J.R`'H//(+]A=)6Q- M0Q*^??B8BISO9J7#+,CHNMC;8Y;@+@4Y[B/LZ&BKFS"P%#`BWIFZ\@#D0LUB M04!M5Q?WP> M_?Q!#8R/"X@P5+DS;Y4Z922LBD#S!V4H!"W?VGEC00#D;.&HA:P- MI4!OY_NI][7SFQ+VV<[O;1E-0G!*3DGQ[T5\2E8LI9G%3C-+6\>+;>S=::V_ MZ3<$H]0A;!6'I\I5JVC!$I22($_$VTG#TAZL*G,B'J7F*;'VM:.V]JQ,DTL] MVE290E:G@6_WT*>UF%DJUS[O^8#?WC15;?;7F#AIX-RGHQ0TNRFH&@A&%[*/ MGFV^"4:0LN\N/+J_`;4C^+@.(`Q1[LS;:ERCZOK!D*]T5B8'VO%:4T$F`]=O M6C,3;[]>38T&TU[V4E0IC990]"PLP<^+\Q%!OV--N&JH!?="TDD&XBJ?&B_K M5^L=HOEFR0]O18M?\I0Q-=8WP*QH@]>`&B?BW%N;NG:8&(N M8CX"O),;"_N2I+;63O.EPUQJI$[M3,$T$,/X=A*J->MM0A75"H"A4=D,8AJ> MLZ0\%E@<[%7M/C.UG08CYQV37@:$Z!(QOC7?5#"3:&0L)0[$`>6.*MK8PHHU8/YJ^7USQ&A.-L&RRX_":+F.Z MH`&.L_)5:+R/?L4B&E!>$^0^>QMU)R'W4Z3+.+8/Y^M![S'E>=?Z'IWH/`4Z_%@-&I!LG,\&!/*.A$5E@`:5/!'2_QSMAVC2_$_]`G,TM;U$,/:G?9( MH]<0C/:&L-5.S,@/9]!F0#>=8_M`9S;Q,BBQ#'0F/!BQ69#4G'1R`^>DD^O@ MEH1Y1-XO9$+U[<-)A-/>;F2OE=,)/3L7&A-Y9A,P$K/CV8UD4K^S'DX/5MO0[)=8`[S1ED"T,X\AO`5G50.2W..3Q$Q1&&2Q*+ MD4,QNM@4C8JR/>669FE*,O6YD_(;Q_DET]UH$>JL?Y)?HT^G9('S*$,R0V7< M\_2D(QOKMS_#J6`5JW8M6[[VV4W5[N_U5B!O@IFJX<[("%/`/=VD'4]JAG,; M]-SZSY$'$H,&GI('I^[5O%2+>0'OA0#=T4\,0))5V^"%`/HT%'E?%15%_]TB7_Q"]7 ME_A?`L``00E#@``!#D!``#M M75%SV[@1?N],_P/K>^G-5)9D)[G$E_1&L:V,YGRVQW9R[5,&(B$)/0A0`%*V M^^L+D)1,B@0!BM(!3)6'V*9VH=W]L,0N=D&^_^5ICKTE9!Q1\N&H?]P[\B#Q M:8#(],/1Y_O.X/Y\-#KR>`A(`#`E\,,1H4>__/.O?_'$O_=_ZW2\(8(X./,N MJ-\9D0G]V;L&!(7J%#A"'SSNE\@6$(Q0?)%Y]YI\=_MO'_IOSOJOSUZ],AP_!&'$U^/W MGGKIOX3]/4;DCS/YWQAPZ`DP"#][XNC#44:KQ]-CRJ;=DUZOW_W7;U?W_@S. M00<1"8H/CU9<<=E?BK$<6GZ(*^HPD')WQ M6+PKZH,PGE/:K_&4%/*OSHJL(R]U^B>=T_[Q$P^.5L:/+<@HAG=PXLF?8FZL MOS7&LRNO=@4RT1R2<$""2Q*B\%G"Q.:QE$+R>)@9@Y,/1S%31T+>.TV^[`<3 MYO!Y(;R#(SFYC[QN7?D^`BR->#^#,.1:@4JI=RG!+6!"WQD,D0]P/7%*61O* M)OT(2@3XS>1F(6\LPO)Z,U6S-95I)A2=41R(N]CEMTC,"KT\2I8=VN<<\-D0 MT\=ZYBEP-93H6MSX&,R:73C//9H2-!'S0KB2[]-(^!*9WE*,?`3UXFX_9$-= M/E$QYCD5,YSI[Q5EQ`V_7V(C5)4_Y*Q9`BPQTTI2S=90II$($^;P`3P9`%=" MV]@B"Q0"?!]2_P\#.Q2)FWX_G<]1&+N.@%I..1$VB0DG)V0TYO!;)#ZZ7)K! M5'^L*ND7#')!&SO(E;B08X%/H0B@8+`:2"JS[6HI+DMF$/PUG?A"7OB8RW,$IDE]-0AE"JD0O MI]T4-3L7!LSW*!,KCX!L-2I@?FX&%&.PE**[B!?UCC]#>#UY)HS.:ULSM1S5 MZI(UL9#B3\?A7*C"`!X)=WGZ%3Y7`U$@-D2B[R04"M5M8+'2Y$$,JW/CA,;0 M\B>.6;Y,49L&OX4,4:%#(#-@G>4WB`TA.'44@E+5;6`Q$-($4J(A!E,5!AM$ MAK9_Y9CM2U6U8?/SB$DMAXB+[/7?$#"-"ZCI#9%X[1@2.@/86Y%_AQC_2N@C MN8>`4P*#$><19-4KLY+)$)XWCL%C9`I[&'VA6*3@@#W'>[V\&IL"L2$F/SF) MB4)UBQ%LXLEW<$&93"N3S6A-(*O@,43FK9/(5!O"'D#Q1#D7]]8I99H$8X/4 M$(YW3L)1JK8]%&ZC,4;^$%.@W"@H(31.\)R$H$1GB_;EVO7]^XG6\=2U._)Z2>RE]TPDT M`7P<0Q'QSA2`13*+(`[YZLKF=$HO?UT+=3,9(B)D0F*V4XY,-M?->!M[QPZ4 M>P!CK,SO-ZETWE&8;'MPD3JPY%QD4YELD.("$L+!X$C\JKQIE5$ZA4AN+I7; M/B/Z>B/4$?O?^Y``L9@-GI`>@CQQVU#(2[\N"E@&(A7J,^$+Z*,)@F)5FP-$ ME&"H&9P"I&QBY7%1*](8&V7M^#,!48!"&/P&YV/U1F*!S`G3ZJ9*SKP%%3+U M1XOS?<"Y"'!TD<0FE=4JMWJMRM]LN@]U6;PV#@+KF<,/!,E(;Q@A5''9+NK414,#G=!R1]KWS6_`L\UZA MJ+C"(EBB@/*V66<(N[5@`U3HMIHYC.H=Q.*>$]P"5A].!:_=(G(S'"O-X0:` MYM[7P,GV55^NB8[KSI21SP`$ZX7)[:W_O422]6/''42+_3VE`X;A8EL"Q$QG M0O4618'.%(<]]<36C/]4>CJ'PB`(XMH?P/>0B9N`<1=-O3%,T=M;TK4M>L;V M<0/9%W%O`0I&)#V_J`SV5.2F>.TI]ZJ)ET9K-Z"Y@R$0]_#@$C`BY@T746DT MC^)0]`).D(^4RY,)IRE@>\JL:@)F;HNFV"D+>%F)-?8O)34U^)Y2H)H&K]#6 M#>_0[;9LN^UG7L;84[UI^XVC2COL-$BWT\Q6_K"/=6?;:65GF_?W'/N/ATZW M0Z?;H=/MT.EVZ'0[=+H=.MT.G6[?4:=;9C="Q#PW+)XO0;RM=`M9O"%AL$FC M9FU#3UP-&[B1SQ2.8`VB<$89^N]+D%P!5I'%;M-IV@`V#Z-I'HJYSMU?;>3N+WP>G7@9 M3GL3+GFPX%HP7:*N)'/BT@X5![SJ^"H169LU9A-W!)WLR!92=T M,$K:]F740_"?B MR1/>AY1=4^(#/HOO(R*'PI'(V4FBZ:&R^Y3:$U73B/5W8!I1$(H;!AJELL"F=T3 MBX86IE4:N(7"^I4BLEWT&FHV_?*4=@\E;H6%2ETWX!`"O=QN54AL$-D]1K@% M"*5*MCTV677OKBJP'P%'OK#(!<)1J*ZF:=GL'B[<`EU#0[CA;[]#-)T)J09+ M$HTK?:9 MV'LPEP\&,;9WGKSU]LZKDWVE@7LGF*LQTC"U$RF-4MESBPX=:ZX&2D7=3H14 MVJS"+,O0F+0V;]7/;+=6KFEBKK>5MHA?P"&^F87V-]3,CSTW.>CLV(-J7(%0 M&2_(F29/'M],,FOG`QV*Q3.H>$^=EJT5;>F&RKNQM9G;91\L`<(R#WN@&='3 MJ5>YN5E[&+OE;T,DMS2.&\C678C'ZL^Q/2QY)3/F\I3/I+12S@=V&G,*%*CE%#"8W=YDP+=,KI$`L6/ MSY^Y;%9:MS\-_!`MDT?':%3<9B0WNIDK<-Q<[;:TU=Z>.)5;@&5?68DP1B&) MDM=N^M;`Y,HX16.FMG=0F)NLN2?;3A!W-SUJFNP[G23I0XUV<-NO',F1W*;A M?=_`6&XD.N+6QR#@\`(F/T?D`B[D4ZM,SL(;,MM-C!H@1.OKZCBV$90K7/Z) M]#70+6>WFSGM#]\J8^TM:EMM@&6V270[?CE2N_W"NP)#;83_G]6U^:IJNW%Y M1[.AOLG:/DEB=>-=FW=1XL%CFT`\,H&(S*A;`Z,GFILRN[*RU5,D:YI M%W=NB[*#:$A9VD(D'\BW.J)7N8!5<-E^'TM-)`KKF=8@;H"W<7JO(C?,D]E^ MX4H#>!0JVSQ<1;0S\9G*;G?D:U![$A/B(*U+\9F-:+:&9XYSSQEU8T:;K?J)"LG-* M?,A(T2G?;CIE3.ZMZ`^.9O;NEF\1"E#X_&))K2-5\[3144RL8-,1Y#(L/%?^ MD)TJ2X"E2D67>+?I$G$CAUR7XE^RO`?W,(V_BX:/;Y;/6C\Q9&ZCP]2RBTW/ MR02D!7?I]S;=):'V$O*#A]1*1GM'UYNO&178#VBEPYY\"FSO>P\$DF`81A^ M&3*WTK_JV*66EZ6?R/_&@$-QY7]02P,$%`````@`M&VR0.Q4+TRY!0``HR(` M`!(`'`!C:'9L9"TR,#$R,#,S,2YX@/T'3D\;,%F6W62):[?(DJ8PD"9!G19[*VB)MHE2 MI$-2COOO=TA*LBQ;BNVEZ##[(9'.Y>,Y'P\O/NZ_728,+8A45/"!%[;:'B(\ M$C'ETX'W:>1?C"Z'0P^]??/+SP@^_5]]'UU3PN(>NA*1/^03\1K=XH3TT'O" MB<1:R-?H,V:ID8AKRHA$ER*9,Z()*-Q(/=1M=2+D^SO`?B8\%O+3QV$!.]-Z MW@N"IZ>G%A<+_"3D5]6*Q&YP(Y'*B!18T6S!XK#]V#X)SUK+"<1^A37(.^VP M$[1/@O#L(3SMA2>]5Z]VQ-=8IZK`;R_;V<>Y]U4T(PE&0#M7`Z^4RE.W)>0T MZ+3;8?#WAYN1M?.<86_)*/^ZS3P\/S\/K#8WW;!5*8QZMV<>Z<"@;GP1.N69*MYJ>.E.:F\:D8J=(U)J*10"*P,R%WP[];IB; MI\J?8CPO7"98C2UTIMCBP@7G:;(]T5C+0'^;DP",?+`BDD:%W_-.ZPX0@A&K MK<%9S9;H;!D6'O;-6K6[QH8PDA"NKX5,KL@$IPSX?TPQHQ-*8@]I+*=$F_)3 M#'G`HH4EF$F,;+YG$(1@^"GOJF0GA2,/$"PR#S`XJN`&FD`I9^: MN"YX_(YKJK^9=2`3"^TA"ODT6IC!8&@[7$PFE%,;$RR5$/DH=RT_8AXCAX-* M0/V@"E$"3A6)[_@;^SR71`&,=;H!0>:8F=0X19A%*=O/9Q7*5I=,D%.\'^E_ M86:6XVA&B%:.Y751/:T=X-)L3R3C-?-#SO&(:;S'$A*:$4TAS"VXV M$HQ^6\/Y_;@(+WA1=Y.[N;DHP#!9`=?HZHE^52%Z!8#$!*T@CHSB&=373+`8 M+EGO'E/8)C-Z-^7UU)Y4J2TY(^=]9*R6BO,2J]DU$T];ZG:EJN?VM+%L#0*R M$,=%\"U8@BD<*ISZ?W@M&(DHS]`_SJI^9/<\^@ M*F)"`2B\./3U[<1>0$HCH-40*!^C=UR3]UY`\I<"3CF9W?G6)/6$GU4)MWXH M\#+? M/\J"6CK#=I5.YX:LWW$Q>(GG5&,VTB+ZFA=G25+/8;A9DM8/6<]SAP=A)MSPYQ=Z5B1QQ14[Q:E#6`/A_HIZ&Q,P0KV#[0&[$ZY`AHY[/_/ M+)D_I@/VD4R0[9SU3%=FX"EJNI1>)IM),AEX=N+\O(7R!7)K+1.6VQCLAM:9 MG>\J'=G(.026T0;*1FL/0`1<0C1,3KE_YV*GVKC?EX9!9ARHGN!%VR]VIKKP^9"ZD1WV@. M-G5Z78_Z1D06JL'%O/FYGV]$?MCQNV%KJ>)5I/L$L:)AOR!ROP.":.[/UH1A M0]C:=@X(TZK`\E=8N\;3V/]N"J?J8QX.&+^QF7XX'49R0#0[-.IWJ92RYZUS M-*5R;DHE//V7P1P6R'-19%U_>PFPN]673QRG,=4D_D"2,9&>C7#@;8HI@RW8 M;!]:IF9',;_Q]&"GH2)^L#MBG,JL3>]V2/?K2"\6":9\J$EBS"`AN`7`1I0: MT_=2I/.!Y[!@M*0Q5'.]$-S>[VP'2:V'7*_^3X5^D9BO][6A5]0_/O2FWULN M`%3B2.=Y[&:+LZ<\J?V3=!:``A?,E\C1,I\U),WI&-$BI>VJ9R-V!YBN!&S+ M\B4"'BJ5FO/Q;E(JG0=Q#;5C`LV#?][L0.H!BV@LO[U$+K=$N^^_-T*I:RF2 MK#G&IQ>1I@NJ;7?.);2C[1Y9.=W8_:H"(4D24_W]DLUGI#0?U`Q0````(`+1M MLD!4\(:^]14``,&H```2`!@```````$```"D@0````!C:'9L9"TR,#$R,#,S M,2YX;6Q55`4``\.*MD]U>`L``00E#@``!#D!``!02P$"'@,4````"`"T;;)` MFR]RYYH)``!&>@``%@`8```````!````I(%!%@``8VAV;&0M,C`Q,C`S,S%? M9&5F+GAM;%54!0`#PXJV3W5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`+1M MLD!"$J1-(!$``!_@```6`!@```````$```"D@2L@``!C:'9L9"TR,#$R,#,S M,5]L86(N>&UL550%``/#BK9/=7@+``$$)0X```0Y`0``4$L!`AX#%`````@` MM&VR0#P6E_@7#0``+;H``!8`&````````0```*2!FS$``&-H=FQD+3(P,3(P M,S,Q7W!R92YX;6Q55`4``\.*MD]U>`L``00E#@``!#D!``!02P$"'@,4```` M"`"T;;)`[%0O3+D%``"C(@``$@`8```````!````I($"/P``8VAV;&0M,C`Q M,C`S,S$N>'-D550%``/#BK9/=7@+``$$)0X```0Y`0``4$L%!@`````%``4` *Q`$```=%```````` ` end XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Cash and Cash Equivalents
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Cash and Cash Equivalents

  3. Cash and Cash Equivalents

 

Cash and cash equivalents includes all cash deposits and highly liquid financial instruments with a maturity of three months or less. A cash escrow account has been created per Rule 419, which requires that the securities to be issued and the funds received in this offering be deposited and held in an escrow account pending the completion of a qualified acquisition.

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=%]D86$U9F,T9%\W,V(Y7S1A9#E?.#0P-E\Q-6)E M8S=A,C8P,#8B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/E-T871E;65N='-?;V9?0V%S:%]&;&]W#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DYA='5R95]O9E]/<&5R871I;VYS7V%N M9%]3:6=N:3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/D=O:6YG7T-O;F-E#I7;W)K#I%>&-E;%=O&5S/"]X.DYA M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I!8W1I=F53:&5E M=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF M72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U M;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T M7V1A835F8S1D7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^0VAE=F%L(%)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2=S(%)E<&]R=&EN9R!3=&%T=7,@0W5R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M,C`Q,CQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$6%B;&4@86YD(&%C8W)U960@97AP96YS97,\+W1D/@T*("`@("`@("`\=&0@ M8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^)FYB'0^)FYB3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%]D86$U9F,T9%\W,V(Y7S1A9#E?.#0P-E\Q-6)E8S=A,C8P,#8-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO9&%A-69C-&1?-S-B.5\T860Y7S@T M,#9?,35B96,W83(V,#`V+U=O'0O:'1M;#L@8VAA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%]D86$U9F,T9%\W,V(Y7S1A9#E?.#0P-E\Q-6)E8S=A M,C8P,#8-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO9&%A-69C-&1? M-S-B.5\T860Y7S@T,#9?,35B96,W83(V,#`V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M2`H55-$("0I/&)R/CPO'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D M>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]D86$U9F,T9%\W,V(Y M7S1A9#E?.#0P-E\Q-6)E8S=A,C8P,#8-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO9&%A-69C-&1?-S-B.5\T860Y7S@T,#9?,35B96,W83(V,#`V M+U=O'0O M:'1M;#L@8VAA'0^)FYB2!&:6YA;F-I;F<@06-T:79I=&EE'0^)FYB'0^)FYB M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$6QE/3-$)VUA6QE/3-$ M)W=I9'1H.B`Q,#`E.R!F;VYT+7-I>F4Z(#$R<'0[(&)O6QE/3-$)W9E'0M:6YD96YT.B`P+C5I;B<^ M/&9O;G0@0T*:6YC;'5D92!A('!O2=S#0IF:6YA;F-I86P@6QE/3-$)V9O;G0Z M(#$R<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE&-H86YG92!#;VUM:7-S:6]N#0HH)B,Q-#<[4T5#)B,Q-#@[*2XF(S$V M,#LF(S$V,#M4:&4@1FEN86YC:6%L(%-T871E;65N=',@:&%V92!B965N('!R M97!A6QE/3-$)V9O;G0Z(#$R<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE'0M:6YD96YT.B`P+C5I M;B<^/&D^57-E(&]F($5S=&EM871E2!W:71H(%4N4RX@1T%!4"P@=7-I;F<@;6%N86=E;65N="8C,30V M.W,@8F5S="!E6QE M/3-$)V9O;G0Z(#$R<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0M:6YD96YT.B`P+C5I;B<^/&D^0V]M;6]N(%-T;V-K+B`\+VD^5&AE M($-O;7!A;GD@6QE/3-$)V9O;G0Z(#$R<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE'0M:6YD96YT.B`P+C5I;B<^/&D^4F5V96YU M92!A;F0@0V]S="!296-O9VYI=&EO;BXF(S$V,#LF(S$V,#L\+VD^5&AE#0I# M;VUP86YY(&AA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'`@6QE/3-$)W=I9'1H.B`R-'!X.R!F;VYT+7-I>F4Z(#$R<'0[(&9O;G0M M=V5I9VAT.B!B;VQD)SXR+CPO=&0^#0H@("`@/'1D('-T>6QE/3-$)V9O;G0M M6QE/3-$)V9O;G0Z(#$R<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE2!W M:6QL(&-O;G1I;G5E(&%S(&$@9V]I;F<@8V]N8V5R;BXF(S$V,#LF(S$V,#M& M;W(@=&AE('!E2!H860@;F]T(&5M97)G960@9G)O;2!T M:&4@9&5V96QO<&UE;G0@2=S(&%B:6QI='D@=&\@9FEN9"!A('-U:71A8FQE#0IM97)G97(@ M;W(@86-Q=6ES:71I;VX@8V]M<&%N>2X@5&AE2!F;W(@:71S('!U0T*:6YT96YD'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$)VUA6QE/3-$ M)V9O;G0M6QE/3-$ M)W9E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S M/&)R/CPO&5S/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<"!S='EL93TS1"=M87)G M:6XZ(#!P="<^/"]P/@T*#0H\=&%B;&4@8V5L;'!A9&1I;F<],T0P(&-E;&QS M<&%C:6YG/3-$,"!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0[('=I9'1H.B`Q M,#`E)SX-"CQT6QE/3-$)W=I9'1H.B`R-'!X.R!F;VYT+7-I>F4Z(#$R<'0[(&9O M;G0M=V5I9VAT.B!B;VQD)SXT+CPO=&0^#0H@("`@/'1D('-T>6QE/3-$)V9O M;G0MF5S('1H92!L:6%B:6QI='D@;65T M:&]D(&]F#0IA8V-O=6YT:6YG(&9O"!A'!E8W1E9"!T;R!R979EF5D+CPO<#X-"@T*/'`@6QE/3-$)V9O;G0Z(#$R M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!T:&%N(&YO="!T:&%T#0IT:&4@9G5T=7)E('1A>"!B96YE9FET('=I M;&P@;F]T(&)E(')E86QI>F5D(&%S('1H92!#;VUP86YY(&AA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$ M)VUA6QE/3-$)W=I9'1H.B`Q,#`E)SX-"CQT2!C;&%S2P@9F]R(&-O;G-I9&5R871I;VX@;W1H97(@=&AA;B!M M;VYE>2P@;W(@8GD@=V%Y(&]F(&1I=FED96YD+CPO<#X-"@T*/'`@2!I7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$)VUA6QE/3-$ M)W=I9'1H.B`Q,#`E)SX-"CQT6QE/3-$)V9O;G0Z(#$R<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0M:6YD96YT.B`P+C5I;B<^5&AE('-O;&4@;V9F:6-E2P@:6X@=&AE(&9U='5R92P@ M8F5C;VUE(&EN=F]L=F5D(&EN(&]T:&5R(&)U6QE/3-$)V9O;G0Z(#$R<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE'0M:6YD96YT.B`P+C5I M;B<^5&AE($-O;7!A;GD@9&]E2!T:&4@0V]M<&%N>2!W87,@87)R86YG960@8GD@=&AE('-O;&4@;V9F M:6-E2!B96-O;64@82!P87)T>0T*=&\@;&ET:6=A=&EO;B!M871T97)S(&EN=F]L M=FEN9R!C;&%I;7,@86=A:6YS="!T:&4@0V]M<&%N>2XF(S$V,#L@36%N86=E M;65N="!B96QI979E28C,30V.W,@9FEN86YC:6%L('!O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC&UL/@T*+2TM+2TM/5].97AT4&%R=%]D86$U D9F,T9%\W,V(Y7S1A9#E?.#0P-E\Q-6)E8S=A,C8P,#8M+0T* ` end XML 13 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Going Concern
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Going Concern

2. Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  For the period ended March 31, 2012, the Company had no operations.  As of March 31, 2012, the Company had not emerged from the development stage.  In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to find a suitable merger or acquisition company. There are no assurances that management will find a capable company for its purposes. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (USD $)
Dec. 31, 2011
Mar. 31, 2012
Unaudited
Current Assets    
Cash and cash equivalents      
Total Current Assets      
Total Assets      
Current Liabilities    
Accounts payable and accrued expenses      
Payables, related parties 5,680 6,080
Total Current Liabilities 5,680 6,080
Total Liabilities 5,680 6,080
Stockholder's Deficit    
40,000,000 shares issued and outstanding 4,000 4,000
Additional paid in capital (381) (381)
Accumulated deficit during development stage (9,299) (9,699)
Total Stockholder's Deficit (5,680) (6,080)
Total Liabilities And Stockholder's Deficit      
XML 15 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
3 Months Ended 13 Months Ended
Mar. 31, 2012
Mar. 31, 2012
Cash Flows From Operating Activities:    
Net loss $ (400) $ (9,699)
Net Cash Provided by Operating Activities (400) (9,699)
Cash Flows From Financing Activities:    
Payments for security deposits      
Advances from related parties 400 6,080
Issuance of common stock    3,619
Net Cash Provided by Financing Activities 400 9,699
Net increase (decrease) in cash and cash equivalents      
Cash and cash equivalents, beginning of period      
Cash and cash equivalents, end of period      
Supplemental Cash Flow Information    
Cash paid for interest      
Cash paid for taxes      
XML 16 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

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

" + text[p] + "

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

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 17 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Nature of Operations and Significant Accounting Policies:
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Nature of Operations and Significant Accounting Policies:

NOTE 1  - Nature of Operations and Significant Accounting Policies:

 Nature of Operations.  Cheval Resources Corporation (the “Company”) was incorporated in the State of Delaware on March 2, 2011 for the purpose of raising capital that is intended to be used in connection with its business plans which may include a possible merger, acquisition or other business combination with an operating business.

 

Development Stage.  The Company's financial statements are presented as statements of a development stage enterprise. Activities during the development stage primarily include related party equity-based and or equity financing.

 

Basis of Presentation. The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  The Financial Statements have been prepared assuming the Company will continue as a going concern.  The Financial Statements have been prepared using the accrual basis of accounting in accordance with U.S. GAAP.  In the opinion of management, these financial statements include all adjustments necessary in order to make them not misleading.

 

Use of Estimates.  The Financial Statements have been prepared in conformity with U.S. GAAP, using management’s best estimates and judgments where appropriate.  These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.  The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period.  Actual results could differ materially from these good faith estimates and judgments.

 

Common Stock. The Company records common stock issuances when all of the legal requirements for the issuance of such common stock have been satisfied.

 

Revenue and Cost Recognition.  The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.

XML 18 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (Parenthetical) (USD $)
Dec. 31, 2011
Mar. 31, 2012
Unaudited
Common stock; par value $ 0.0001 $ 0.0001
Common stock; Stock Authorized 100,000,000 100,000,000
Common stock; Stock Issued 40,000,000 40,000,000
Common stock; Stock Outstanding 40,000,000 40,000,000
XML 19 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
3 Months Ended
Mar. 31, 2012
May 15, 2012
Document And Entity Information    
Entity Registrant Name Cheval Resources Corporation  
Entity Central Index Key 0001515800  
Document Type 10-Q  
Document Period End Date Mar. 31, 2012  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Is Entity a Well-known Seasoned Issuer? No  
Is Entity a Voluntary Filer? Yes  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   40,000,000
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2012  
XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (Unaudited, USD $)
3 Months Ended 13 Months Ended
Mar. 31, 2012
Mar. 31, 2012
Unaudited
   
Revenues      
Operating Expenses    
General and Administrative 400 9,699
Total Operating Expenses 400 9,699
Net loss from operations (400) (9,699)
Other income (expense)    
Interest expense     
Income taxes     
Net loss $ (400) $ (9,699)
Basic and diluted loss per share $ 0.00  
Weighted average number of shares outstanding 40,000,000  
XML 21 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments, Contingencies and Subsequent Events
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Commitments, Contingencies and Subsequent Events

  6. Commitments, Contingencies and Subsequent Events

 

The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities that become available. He may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.

 

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the sole officer and director of the Company to use at no charge.

   

From time to time the Company may become a party to litigation matters involving claims against the Company.  Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

XML 22 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Capital Stock
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Capital Stock

5. Capital Stock

 

The total number of shares of preferred stock which the Company shall have authority to issue is twenty five million (25,000,000) preferred shares with a par value of $.0001.   There have been no preferred shares issued to date.

 

The total number of shares of common stock which the Company shall have authority to issue is one hundred million (100,000,000) common shares with a par value of $.0001.  Holders of shares of Common Stock are entitled to cast one vote for each share held at all Stockholder meetings for all purposes, including the election of directors. The Common Stock does not have cumulative voting rights. No holder of shares of stock of any class is entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

 

At inception on March 2, 2011, the Company issued 40,000,000 shares to its sole shareholder and director.

XML 23 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Shareholders Equity (USD $)
Common Stock Shares
Common Stock Amount
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, amount at Mar. 01, 2011              
Beginning Balance, shares at Mar. 01, 2011           
Issuance of common stock to founders, March 2, 2011 valued at $0.0001 per share, contribution at $0.00009 40,000,000 4,000 (381)    3,619
Net loss(audited)       (9,299) (9,299)
Ending Balance, amount at Dec. 31, 2011   4,000 (381)    3,619
Ending Balance, shares at Dec. 31, 2011 40,000,000        
Net loss(audited)       (400) (400)
Ending Balance, amount at Mar. 31, 2012   $ 4,000 $ (381) $ (9,699) $ (6,080)
Ending Balance, shares at Mar. 31, 2012 40,000,000        
XML 24 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Income Taxes

  4. Income Taxes

 

The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on the differences between financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.

 

Any deferred tax asset is considered immaterial and has been fully offset by a valuation allowance because at this time the Company believes that it is more likely than not that the future tax benefit will not be realized as the Company has no current operations.

XML 25 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 27 58 1 false 5 0 false 3 false false R1.htm 0001 - Document - Document and Entity Information Sheet http://chvld/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 0002 - Statement - Balance Sheets Sheet http://chvld/role/BalanceSheets Balance Sheets false false R3.htm 0003 - Statement - Balance Sheets (Parenthetical) Sheet http://chvld/role/BalanceSheetsParenthetical Balance Sheets (Parenthetical) false false R4.htm 0004 - Statement - Statements of Operations Sheet http://chvld/role/StatementsOfOperations Statements of Operations false false R5.htm 0005 - Statement - Shareholders Equity Sheet http://chvld/role/ShareholdersEquity Shareholders Equity false false R6.htm 0006 - Statement - Statements of Cash Flows Sheet http://chvld/role/StatementsOfCashFlows Statements of Cash Flows false false R7.htm 0007 - Disclosure - Nature of Operations and Significant Accounting Policies: Sheet http://chvld/role/NatureOfOperationsAndSignificantAccountingPolicies Nature of Operations and Significant Accounting Policies: false false R8.htm 0008 - Disclosure - Going Concern Sheet http://chvld/role/GoingConcern Going Concern false false R9.htm 0009 - Disclosure - Cash and Cash Equivalents Sheet http://chvld/role/CashAndCashEquivalents Cash and Cash Equivalents false false R10.htm 0010 - Disclosure - Income Taxes Sheet http://chvld/role/IncomeTaxes Income Taxes false false R11.htm 0011 - Disclosure - Capital Stock Sheet http://chvld/role/CapitalStock Capital Stock false false R12.htm 0012 - Disclosure - Commitments, Contingencies and Subsequent Events Sheet http://chvld/role/CommitmentsContingenciesAndSubsequentEvents Commitments, Contingencies and Subsequent Events false false All Reports Book All Reports Process Flow-Through: 0002 - Statement - Balance Sheets Process Flow-Through: 0003 - Statement - Balance Sheets (Parenthetical) Process Flow-Through: 0004 - Statement - Statements of Operations Process Flow-Through: 0006 - Statement - Statements of Cash Flows chvld-20120331.xml chvld-20120331.xsd chvld-20120331_def.xml chvld-20120331_lab.xml chvld-20120331_pre.xml true false