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<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Note 1. ORGANIZATION AND DESCRIPTION OF BUSINESS</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">iVoiceIdeas, Inc. formerly Ernest Einstein, Inc.; (the “Company”), a Nevada Corporation, was incorporated on April 3, 2002. The Company, a development stage entity, is headquartered in Austin, Texas at Arboretum Great Hills, 9600 Great Hills Trail, Austin, TX 78759. The company currently operates “iVoiceIdeas.com”. The Company’s fiscal year end is December 31.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. We have not generated significant income to date. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern as noted by our independent auditor in its opinion letter. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Accounting Basis.</b> We have prepared our financial statements in accordance with generally accepted accounting principles in the United States of America for financial information. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such statements are of a normal recurring nature.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Development Stage Company.</b> We have prepared our financial statements according to generally accepted accounting policies related to the reports of development stage entities. This includes the disclosure of certain items from inception to date.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Use of Estimates</b>. The preparation of the Company's financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. These estimates are based on information available as of the date of the financial statements. Actual results could differ from management’s estimates. The financial statements, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company's financial position and results of operations and cash flows for the periods reported. Results for these periods may not be indicative of future results.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Unaudited Financial Information</b>. The accompanying interim financial statements are unaudited and reviewed. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations and cash flows for the interim periods.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Concentrations of Credit Risk. </b>Financial instruments, which could subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents with FDIC insured financial institutions in the United States, which management assesses to be of high quality in order to limit exposure of each investment. Cash equivalents consist of highly liquid short-term instruments with original maturities of three months or less at the time of purchase.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Dividends.</b> The Company has not adopted a policy of paying dividends. No dividends have been paid during the periods shown and none are contemplated in the near future.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Earnings per Share.</b> Earnings per share are calculated by dividing the net income available to shareholders by the weighted average of outstanding number of common shares (basic computation). We do not include potential common shares because we still have a loss from operations.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Revenue Recognition</b>. In general, the Company will recognize revenue when (1) concrete evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Advertising Costs</b>. Our policy is to expense advertising costs as they are incurred.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Property, Plant and Equipment.</b> The Company does not own any real estate or other properties. All property employed by the company is used on a leased basis.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Website and Software Development Costs.</b> The company capitalizes its costs to develop its website and internal use software. When preliminary development efforts are successfully completed, and management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended, such costs are amortized on a straight-line basis over the estimated use of the useful life of the related asset, which approximates three years. Costs incurred prior to meeting these criteria, together with the costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and expensed over the estimated use of the life of the upgrades.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Stock-Based Compensation</b>. Stock-based compensation expense is measured at the grant date based on the fair value of the award.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b> </b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Income Taxes.</b> The Company has incurred losses since inception and therefore, has not been subject to payment of federal income taxes. As of September 30, 2011 and 2012, the Company estimates an accumulated net operating loss (“NOL”) carry forward of approximately $68,279 and $426,117 respectively, resulting in deferred tax assets of approximately $23,998 and $149,141, respectively. The carry forwards, if not utilized, begin to expire in 2031. Because tax laws in the United States limit the time during which an NOL and tax credit carry forwards may be applied against future taxable income and tax liabilities, the Company may not be able to take full advantage of NOL and tax credits for federal income tax purposes. Therefore, deferred tax assets are not recognized in the above financial statements since they are contingent.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Recently Issued Accounting Pronouncements.</b> The Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, including those not yet effective, is not anticipated to have a material effect of the financial position or results of operations of the Company.</p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Note 3: SUBSEQUENT EVENTS.</b></p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"> </p>
<p style="margin: 0pt 0px; font: 10pt times new roman, times, serif;">Management has reviewed and evaluated subsequent events through the date of November 10, 2012. There have been no material subsequent events.</p>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Accounting Basis.</b> We have prepared our financial statements in accordance with generally accepted accounting principles in the United States of America for financial information. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such statements are of a normal recurring nature.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Development Stage Company.</b> We have prepared our financial statements according to generally accepted accounting policies related to the reports of development stage entities. This includes the disclosure of certain items from inception to date.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Use of Estimates</b>. The preparation of the Company''s financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. These estimates are based on information available as of the date of the financial statements. Actual results could differ from management’s estimates. The financial statements, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company''s financial position and results of operations and cash flows for the periods reported. Results for these periods may not be indicative of future results.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Unaudited Financial Information</b>. The accompanying interim financial statements are unaudited and reviewed. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations and cash flows for the interim periods.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Concentrations of Credit Risk. </b>Financial instruments, which could subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents with FDIC insured financial institutions in the United States, which management assesses to be of high quality in order to limit exposure of each investment. Cash equivalents consist of highly liquid short-term instruments with original maturities of three months or less at the time of purchase.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Dividends.</b> The Company has not adopted a policy of paying dividends. No dividends have been paid during the periods shown and none are contemplated in the near future.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Earnings per Share.</b> Earnings per share are calculated by dividing the net income available to shareholders by the weighted average of outstanding number of common shares (basic computation). We do not include potential common shares because we still have a loss from operations.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Revenue Recognition</b>. In general, the Company will recognize revenue when (1) concrete evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Advertising Costs</b>. Our policy is to expense advertising costs as they are incurred.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Property, Plant and Equipment.</b> The Company does not own any real estate or other properties. All property employed by the company is used on a leased basis.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Website and Software Development Costs.</b> The company capitalizes its costs to develop its website and internal use software. When preliminary development efforts are successfully completed, and management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended, such costs are amortized on a straight-line basis over the estimated use of the useful life of the related asset, which approximates three years. Costs incurred prior to meeting these criteria, together with the costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and expensed over the estimated use of the life of the upgrades.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Stock-Based Compensation</b>. Stock-based compensation expense is measured at the grant date based on the fair value of the award.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Income Taxes.</b> The Company has incurred losses since inception and therefore, has not been subject to payment of federal income taxes. As of September 30, 2011 and 2012, the Company estimates an accumulated net operating loss (“NOL”) carry forward of approximately $68,279 and $426,117 respectively, resulting in deferred tax assets of approximately $23,998 and $149,141, respectively. The carry forwards, if not utilized, begin to expire in 2031. Because tax laws in the United States limit the time during which an NOL and tax credit carry forwards may be applied against future taxable income and tax liabilities, the Company may not be able to take full advantage of NOL and tax credits for federal income tax purposes. Therefore, deferred tax assets are not recognized in the above financial statements since they are contingent.</div>
<div style="margin: 0pt 0px; font: 10pt times new roman, times, serif;"><b>Recently Issued Accounting Pronouncements.</b> The Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, including those not yet effective, is not anticipated to have a material effect of the financial position or results of operations of the Company.</div>
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