0001137171-13-000301.txt : 20130815 0001137171-13-000301.hdr.sgml : 20130815 20130815162739 ACCESSION NUMBER: 0001137171-13-000301 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130815 DATE AS OF CHANGE: 20130815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORMCAP CORP. CENTRAL INDEX KEY: 0001102709 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 650260846 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-28847 FILM NUMBER: 131042513 BUSINESS ADDRESS: STREET 1: 50 WEST LIBERTY STREET STREET 2: SUITE 880 CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 7753220626 MAIL ADDRESS: STREET 1: 50 WEST LIBERTY STREET STREET 2: SUITE 880 CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: GRAVITAS INTERNATIONAL INC DATE OF NAME CHANGE: 20020208 FORMER COMPANY: FORMER CONFORMED NAME: WTAA INTERNATIONAL INC /FL/ DATE OF NAME CHANGE: 20000711 FORMER COMPANY: FORMER CONFORMED NAME: TEMPUS INC DATE OF NAME CHANGE: 20000106 10-Q 1 formcap10q08152013.htm FORMCAP CORP. - 10-Q CA Filed by Filing Services Canada Inc. 403-717-3898


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 10-Q
 
x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2013
 
OR
 
o TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________ to ________
 
Commission File Number : 000-28847
 
FORMCAP CORP.
(Exact name of registrant as specified in its charter)
 
Nevada
   
1006772219
(State or other jurisdiction of incorporation or organization)
   
(I.R.S. Empl. Ident. No.)
 
50 West Liberty Street, Suite 880, Reno, NV 89501
( Address of principal executive offices ) ( Zip Code )
 
888-777-8777
( Issuer's telephone number )
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o  No  x
 
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 o  No o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a small reporting company. See definitions of "large accelerated filer,” “accelerated filer,” and “small reporting company" in Rule 12B-2 of the Exchange Act.
 
 
Large accelerated filer  o
 
Non-accelerated filer  o
 
         
 
Accelerated filer  o
 
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 o  No  x
 
The number of shares outstanding the issuer’s common stock, $0.001 par value, was 92,038,238 as of August 14, 2013.
 


 
 

 
FormCap Corp.
Form 10-Q
For the Quarter Ended June 30, 2013
 
TABLE OF CONTENTS
 
Contents
Item 1.
Financial Statements
    3  
           
 
Condensed Balance Sheets 
    3  
           
 
Condensed Statements of Operations 
    4  
           
 
Condensed Statements of Cash Flows 
    5  
           
Item 3.
Quantitative and Qualitative Disclosures about Market Risk
    13  
           
Item 4.  
Controls and Procedures
    13  
           
PART II – OTHER INFORMATION        
           
Item 1.  
Legal Proceedings
    14  
           
Item 1A.
Risk Factors
    14  
           
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
    14  
           
Item 3.  
Defaults upon Senior Securities
    14  
           
Item 4.
Mine Safety Disclosures
    14  
           
Item 5.
Other Information
    14  
           
Item 6.  
Exhibits
    15  
           
 
SIGNATURES
    16  
 
 
2

 
 
PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

FormCap Corp.
(A Development Stage Company)
Condensed Balance Sheets
 
   
June 30,
   
December 31,
 
   
2013
   
2012
 
   
(Unaudited)
       
ASSETS  
TOTAL ASSETS
           
Cash
    420       48  
Promissory Note Receivable
    11,194       -  
    $ 11,614     $ 48  
                 
LIABILITIES AND STOCKHOLDERS’ DEFICIT  
                 
CURRENT LIABILITIES
               
Accounts payable and accrued liabilities
  $ 41,322     $ 34,837  
Related party payables
    23,107       398,107  
Notes payable - related parties
    111,500       161,500  
Notes payable
    78,653       78,653  
Convertible notes payable
    34,967       -  
Royalty and license fee payable
    135,000       135,000  
                 
Total Current Liabilities
    424,549       808,097  
                 
TOTAL LIABILITIES
    424,549       808,097  
                 
STOCKHOLDERS’ DEFICIT
               
                 
Preferred stock, 50,000,000 shares authorized at par value of $0.001, no shares issued and outstanding
    -       -  
Common stock, 200,000,000 shares authorized at par value of $0.001, 92,038,238 shares issued and outstanding
    92,038       2,038  
Stock subscription receivable
    (17,000 )     (17,000 )
Additional paid-in capital
    13,785,574       11,176,574  
Deficit accumulated during the development stage
    (14,273,547 )     (11,969,661 )
                 
Total Stockholders’ Deficit
    (412,935 )     (808,049 )
                 
TOTAL LIABLITIES AND STOCKHOLDERS’ DEFICIT
  $ 11,614     $ 48  
 
The accompanying notes are an integral part of these condensed financial statements.
 
 
3

 
 
FormCap Corp.
(A Development Stage Company)
Condensed Statements of Operations
(Unaudited)
 
   
Three Months ended June 30,
   
Six Months ended June 30,
   
From Inception on April 10, 1991 to
June 30, 2013
 
   
2013
   
2012
   
2013
   
2012
     
                               
REVENUES
  $ -     $ -     $ -     $ -     $ 321,889  
COST OF SALES
    -       -       -       -       352,683  
                                         
GROSS MARGIN
    -       -       -       -       (30,794 )
                                         
OPERATING EXPENSES
                                       
                                         
Consulting fees
    5,000       12,501       5,000       40,001       1,047,867  
Loss on impairment of assets
    -       -       -       -       1,146,206  
Financing expenses
    -       -       -       -       778,946  
General and administrative expenses
    14,752       8,839       24,886       17,610       5,589,058  
                                         
Total Operating Expenses
    19,752       21,340       29,886       57,611       8,562,077  
                                         
LOSS FROM OPERATIONS
    19,752       21,340       29,886       57,611       8,592,871  
                                         
OTHER INCOME AND (EXPENSE)
                                       
                                         
Interest expense
    -       -       -       -       (864,220 )
Gain on settlement of debt
    -       -       -       -       286,855  
Loss on settlement of debt
    (2,274,000 )     -       (2,274,000 )     -       (5,103,311 )
                                         
Total Other Expense
    (2,274,000 )     -       (2,274,000 )     -       (5,680,676 )
                                         
LOSS BEFORE INCOME TAXES
  $ 2,293,752     $ 21,340     $ 2,303,886     $ 57,611     $ 14,273,547  
Provision for income taxes
    -       -       -       -       -  
                                         
NET LOSS
    2,293,752     $ 21,340       2,303,886     $ 57,611     $ 14,273,547  
                                         
BASIC AND DILUTED NET LOSS PER COMMON SHARE
  $ 0.05     $ 0.01     $ 0.10     $ 0.03          
                                         
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
    44,298,653       2,015,772       23,518,691       2,015,772          
 
The accompanying notes are an integral part of these condensed financial statements.
 
 
4

 
 
FormCap Corp.
(A Development Stage Company)
Condensed Statements of Cash Flows
(Unaudited)
 
   
For the Six Months Ended June 30,
   
From Inception on April 10, 1991 to
June 30,
 
   
2013
    2012     2013  
CASH FLOWS FROM OPERATING ACTIVITIES
                 
                   
Net Loss
  $ (2,303,886 )   $ (57,611 )   $ (14,273,547 )
Adjustments to reconcile net loss to  net cash used by operating activities:
                       
   Amortization of prepaid expenses
    -       35,001       324,262  
   Amortization of beneficial conversion feature
    -       -       379,961  
   Expenses paid on behalf of the Company
    -       -       3,569  
   Expenses paid by related parties
    -       5,000       119,133  
   Depreciation and amortization
    -       -       277,322  
   Gain on settlement of debt and extinguishing of oil and gas leases
    -       -       (286,855 )
   Common stock and options issued for services
    -       -       943,977  
   Common stock and options issued for collateral and extension of debt
    -       -       17,500  
   Loss on impairment of assets
    -       -       1,174,833  
   Loss on settlement of debt
    2,274,000       -       6,428,908  
   Interest expense in connection with induced conversion
    -       -       262,032  
   Foreign currency exchange
    -       -       (120,814 )
Changes to operating assets and liabilities:
                       
   Accounts receivable
    -       -       3,203  
   Inventories
    -       -       (66,200 )
   Prepaid expenses and other current assets
    -       -       (140,429 )
   Prepaid royalties
    -       -       (99,980 )
   Accounts payable and accrued liabilities
    6,485       (4,945 )     104,777  
   Related party payables
            19,175       -  
   Royalty and license fees
    -       -       196,765  
   Bank indebtedness
    -       -       -  
                         
                         
Net Cash Used in Operating Activities
    (23,401 )     (3,380 )     (2,761,583 )
                         
                         
CASH FLOWS FROM INVESTING ACTIVITIES
                       
Purchase of capital assets
    -       -       (104,880 )
Acquisition deposits
    -       -       (431,000 )
Purchase of oil and gas lease
    -       -       (250,000 )
Capitalized software expenditures
    -       -       (135,181 )
Principal payments on notes receivable
    -       -       44,117  
Notes receivable advances
    (11,194 )     -       (712,346 )
Proceeds from sale of notes receivable
    -       -       350,000  
                         
Net Cash Used in Investing Activities
    (11,194 )     -       (1,239,290 )
                         
Net Cash Used in Operating and Investing Activities
    (34,595 )     (3,380 )     (4,000,873 )
 
The accompanying notes are an integral part of these condensed financial statements.
 
 
5

 
 
FormCap Corp.
(A Development Stage Company)
Condensed Statements of Cash Flows (Continued)
(Unaudited)
 
   
For the Three Months
Ended June 30,
   
From Inception on April 10, 1991 to June 30,
 
   
2013
   
2012
   
2013
 
                         
Net Cash Used in Operating and Investing Activities
  $ (34,595 )     (3,380 )     (4,000,873 )
                         
CASH FLOWS FROM FINANCING ACTIVITIES
                       
Proceeds from related party payables
    -       -       2,050,177  
Repayments of related party payables
    -       -       (637,012 )
Proceeds from notes payable
    34,967       3,000       966,886  
Repayment of notes payable
    -       -       -  
Proceeds from the sale of preferred stock
    -       -       3,000  
Proceeds from the sale of common stock and stock options
    -       -       3,608,242  
                         
Net Cash Provided by Financing Activities
    34,967       3,000       5,991,293  
                         
NET INCREASE (DECREASE) IN CASH
    372       (380 )     420  
CASH AT BEGINNING OF PERIOD
    48       504       -  
                         
CASH AT END OF PERIOD
    420       124     $ 420  
                         
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
                       
                         
CASH PAID FOR:
                       
Interest
  $ -     $ -     $ 12,650  
                         
NON CASH FINANCING ACTIVITIES:
                       
Common stock issued for rounding shares
  $ -     $ -     $ 22  
Common stock issued for prepaid expenses
  $ -     $ -     $ 280,000  
Conversion of related party payables to common stock
  $ -     $ -     $ 3,559,999  
 
The accompanying notes are an integral part of these condensed financial statements.
 
 
6

 

NOTE 1 – CONDENSED FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2013, and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2012 audited financial statements.  The results of operations for the periods ended June 30, 2013 and 2012 are not necessarily indicative of the operating results for the full years.

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation
These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are stated in US dollars. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may differ from these estimates.

Reclassification of Financial Statement Accounts
Certain amounts in the condensed financial statements have been reclassified to conform to the presentation adopted in the June 30, 2013 financial statements.

Use of Estimates
The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Development Stage Company
The Company is considered to be in the development stage as defined in Accounting Standards Codification (ASC) 915 “Development Stage Entities.” The Company is devoting substantially all of its efforts to development of business plans.

Basic Loss Per Share
Basic loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There were no dilutive or potentially dilutive instruments outstanding as of June 30, 2013 and December 31, 2012.

Stock Issued in Exchange for Services
The valuation of common stock issued in exchange for services is valued at an estimated fair market value as determined by the most readily determinable value of either the stock or services exchanged. Values of the stock are based upon other sales and issuances of the Company’s common stock within the same general time period.

Cash and Cash Equivalents
Cash equivalents are comprised of certain highly liquid investments with original maturities of three months or less when purchased. The Company maintains its cash in bank deposit accounts which at times may exceed federally insured limits of $250,000.  The Company has not experienced any losses related to this concentration of risk. Deposits did not exceed insured limits during six months ended June 30, 2013 and the year ended December 31, 2012.
 
 
7

 

Financial Instruments
For accounts receivable, accounts payable, accrued liabilities, current portion of long-term debt and long-term debt, the carrying amounts of these financial instruments approximates their fair value.  Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

Foreign Currency Translation
The Company translates foreign currency transactions and balances to its reporting currency, United States Dollars, in accordance with ASC 830 “Foreign Currency Matters”. Monetary assets and liabilities are translated into the functional currency at the exchange rate in effect at the end of the year. Non-monetary assets and liabilities are translated at the exchange rate prevailing when the assets were acquired or the liabilities assumed. Revenue and expenses are translated at the rate approximating the rate of exchange on the transaction date. All exchange gains and losses are included in the determination of net loss for the year.

Income Taxes
The Company applies ASC 740, which requires the asset and liability method of accounting for income taxes.  The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years. Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.

The Company adopted ASC 740, at the beginning of fiscal year 2008. This interpretation requires recognition and measurement of uncertain tax positions using a “more-likely-than-not” approach, requiring the recognition and measurement of uncertain tax positions. The adoption of ASC 740 had no material impact on the Company’s financial statements.

Recent Accounting Pronouncements
Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future consolidated financial statements.

NOTE 3 – GOING CONCERN

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

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 
8

 
 
NOTE 4 – RELATED PARTY PAYABLES

The Company from time to time has borrowed funds from or has received services from several individuals and corporations related to the Company for operating purposes As of June 30, 2013 the Company owed related parties $23,107 (December 31, 2012 - $398,107).  These amounts bear no interest, are not collateralized, and are due on demand.

NOTE 5 – COMMON STOCK

The Company has two classes of stock authorized as of June 30, 2013.  The Company has 50,000,000 shares of preferred stock authorized with no shares outstanding as of June 30, 2013 and December 31, 2012. The Company also has 200,000,000 shares of common stock authorized with 92,038,238 shares issued and outstanding as of June 30, 2013 (December 31, 2012 – 2,038,240)

During the year ended December 31, 2012, the Company issued new shares as follows:

On October 1, 2012, the Company effected a 1 for 50 reverse stock split.  All references in these financial statements to number of common shares issued and outstanding, price per share and weighted average number of common shares have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.  The Company’s authorized preferred stock and authorized common stock remain unchanged.

Prior to the reverse stock split, the Company had 100,788,607 common shares issued and outstanding. Immediately after the reverse split the Company had 2,038,240 common shares issued and outstanding, including 22,467 common shares issued to various shareholders as a result of rounding. The rounding shares were not issued for compensation and have no net effect on owner’s equity.

During the six months ended June 30, 2013, the Company issued 89,999,998 Common shares in settlement of debts owed by the Company (see Note 8).
 
NOTE 6 – CONVERTIBLE PROMISSORY NOTES PAYABLE

During April and May, 2013 the Company issued convertible promissory notes in the amount of $15,000 to two unrelated third parties. The notes mature on December 31, 2014.

On June 3, 2013, The Company issued convertible promissory notes in the amounts of $15,000 and $5,000 to an unrelated third party. The notes mature on December 31, 2015.

The convertible promissory notes are non-interest bearing until maturity and bear interest at 3% per annum thereafter. The convertible promissory notes will become due and payable if the Company receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory notes are convertible into common shares of the Company either in whole or in part at the option of the creditor, at terms set by the Company.

 
9

 

NOTE 7 – PROMISSORY NOTE RECEIVABLE

On June 3, 2013 the Company advanced the sum of $11,194 to an unrelated party, secured by a promissory note.

The promissory note is non-interest bearing until maturity and bears interest at 3% per annum thereafter. The promissory note will become due and payable if the debtor receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory note is convertible into common shares of the debtor either in whole or in part at the option of the Company, at terms set by the debtor.
 
NOTE 8 – DEBT SETTLEMENT

On May 9, 2013 the Company settled debts owed to related parties in the amount of $50,000 by the issuance of 50,000,000 Common Shares. The Company recorded a loss of $565,000 on this transaction.

On May 20, 2013 the Company settled debts owed to related parties in the amount of $375,000 by the issuance of 39,999,998 Common Shares. The Company recorded a loss of $1,709,000 on this transaction.

 
10

 

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

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto and the other financial information included elsewhere in this report. Certain statements contained in this report, including, without limitation, statements containing the words “believes,” “anticipates,” “expects” and words of similar import, constitute “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks and uncertainties.  Our actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, including our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel; changes in our business strategy or development plans; competition; business disruptions; adverse publicity; and international, national and local general economic and market conditions.

Overview

The Company does not currently engage in any business activities that provide cash flow. The Company is currently in the development stage.

On July 8, 2009, the Company had signed an option agreement with Morgan Creek Energy Corp. to acquire up to a 50% Working Interest (40.75% Net Revenue Interest) in Morgan Creeks’ approximately 13,000 acre entire Frio Draw Prospect located in Curry County, New Mexico. Under the terms of the agreement, FormCap is required to drill and complete two mutually defined targets on the acreage to earn its interest.

Following the initial two wells, Morgan Creeks’ management and land team will work with FormCap to establish additional targets on the Frio draw based on technical data and drill results. The two companies will jointly fund additional targets and have committed to a minimum five holes drill program in order to effectively test the Frio Draw.

On September 25, 2009, the Company has received a letter from Morgan Creek Energy Corp. terminating the Option Agreement between FormCap Corp. and Morgan Creek Energy Corp. on the Frio Draw Prospect in New Mexico.

On October 20, 2009, the company acquired 5,313 acres of oil and gas leases (“leases”), all with primary terms of five years initiated in June 2009. The leases, known as the Weber City Prospect, are located in Curry County, New Mexico, which lies on the eastern most side of New Mexico bordering the State of Texas. The Company had acquired a 100% working interest (80% Net Revenue Interest) from Atlas Larunas LLC for $250,000.

On February 15, 2011, the Company assigned all its rights in the leases to Rich Investments Ltd. (“Rich”) and Leare Developments Ltd. (“Leare”), under the terms of a loans settlement agreement whereby Rich and Leare accepted the assignment of the leases in full and final satisfaction of the outstanding indebtedness of the Company to each of Rich and Leare.

On March 16, 2011, the Company signed a Farm-Out Agreement for oil and gas exploration in the Peco Area of Alberta. The Farm-Out Agreement between FormCap Corp. and a private Alberta Corporation is comprised of a Seismic Option, a Farm-Out and a Participation clause. The Agreement stipulated a commencement date for the shooting of a 3D seismic program on the Farm-Out Lands not later than June 1, 2011 and a Commencement Date of November 1, 2011 for spudding and continuous drilling of a Test Well. Due to conditions in the oil and gas industry these dates were amended to October 1, 2011 for commencement of seismic program and February 1, 2012 for the spudding of a Test Well. The Agreement provides FormCap 60 days following completion of the seismic program to elect to drill the Test Well. Upon completion of the Test Well FormCap shall have earned a 40% working interest in the well subject to a 10% Gross Overriding Royalty payable to the Farmor. The Farmor may elect to convert the Gross Overiding Royalty to a 50% interest in FormCap’s working interest (i.e.: a 20% working interest).   

 
11

 

Results of Operations for the Three and Six Months Ended June 30, 2013 and 2012.

Revenues: There was no revenue for the three and six months ended June 30, 2013 and 2012, respectively.

Operating Expenses: For the three and six months ended June 30, 2013, we had total operating expenses of $19,752 and $29,886 respectively, as compared to $21,340 and $57,611 for the three months and six months ended June 30, 2012, which represent decreases of $1,588 and $27,725 respectively. We incurred $5,000 in consulting expenses for the three and six months ended June 30, 2013, as compared with $12,501 incurred during the three months ended June 30, 2012 and $40,001 during the six months ended June 30, 2012. The consulting expense was incurred in connection with the investigation of a potential property acquisition.

Accounting and Audit and review fees amounted to $11,030 and $19,030 for the three and six months ended June 30, 2013, respectively as compared with $8,000 and $16,000 for the three and six months ended June 30, 2012 as a result of audit and accounting fees in respect of 2012 not accrued at the year end, and expensed in the period under review.

Filing and Transfer agents’ expense increased by $2,344 from $670 during the three months ended June 30, 2012 to $3,054 for the three months ended June 30, 2013 and by $3,756 from $1,380 for the six months ended June 30, 2012 to $5,136 for the six months ended June 30, 2013. The increases resulted from result of an accrual in respect of 2012 year-end filing fees made the period under review and corporate activity during the period under review.

Interest Expense:  There was no interest expense for the three and six months ended June 30, 2013 and 2012 as the liabilities of the Company bear no interest.
 
Loss on Settlement of Debts: During the three and six months ended June 30, 2013, the Company settled certain debts owed to a third party and certain debts owed to two related parties by the issuance of common shares. The Company recognized losses totaling $2,274,000 on these transactions (three and six months ended June 30, 2012 – Nil).

Net Loss: The net loss for the three and six months ended June 30, 2013 was $2,293,752 and $2,303,886 respectively, as compared to $21,340 and $57,611 for the three months and six months June 30, 2012.

Liquidity and Capital Resources

As at June 30, 2013, our current assets were $11,614 (December 31, 2012 - $48) and our current liabilities were $424,549  (December 31, 2012 - $808,097), resulting in a working capital deficit of $412,935, as compared with a working capital deficit of $808,049 at December 31, 2012.

Total Stockholders’ Deficit decreased from $808,049 at December 31, 2012 to $412,935 at June 30, 2013.

Cash Flows Used in Operating Activities

We have not generated positive cash flows from operating activities.  For the six months ended June 30, 2013, net cash flows used in operating activities was $23,401, consisting of primarily of the net loss for the period, offset by a loss on the settlement of debt in the amount of $2,274,000 and an increase of $6,485 in accounts payable and accrued liabilities..

Cash Flows Used in Investing Activities

During the six months ended June 30, 2013 we advanced $11,194 to an unrelated party. During the six months ended June 30,  2012 we did not undertake any investing activities.

Cash Flow Provided by Financing Activities

We have financed our operations primarily from either advances from related parties or the issuance of equity and debt instruments.  During the six months ended June 30, 2013 and 2012, respectively, we issued promissory notes to lenders in the amounts of $34,967 and $3,000, respectively.
 
 
12

 
 
We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities.  

Off-Balance Sheet Arrangements

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

Recent Accounting Pronouncements

For the three month period ended June 30, 2013, there were no accounting standards or interpretations issued that are expected to have a material impact on our financial position, operations or cash flows.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk
 
As a “smaller reporting company” (as defined in Item 10(f)(1) of Regulation S-K), our Company is not required to provide information required by this Item.

Item 4.  Controls and Procedures

As required by Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we have carried out an evaluation of the effectiveness of the design and operation of our Company's disclosure controls and procedures as of the end of the period covered by this quarterly report, being September 30, 2012.  This evaluation was carried out under the supervision and with the participation of our Company's management, including our President, Principal Executive Officer and Principal Financial Officer.  Based upon that evaluation, our President, Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures are not effective as of the end of the period covered by this report due to the material weaknesses described in Management's Report on Internal Control over Financial Reporting included in our annual report on Form 10-K for the year ended December 31, 2012.

There have been no significant changes in our Company's internal controls or in other factors, which could significantly affect internal controls subsequent to the date we carried out our evaluation. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our Company's reports filed or submitted 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.  Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our Company's reports filed under the Exchange Act is accumulated and communicated to management, including our Company's president and Principal Executive Officer as appropriate, to allow timely decisions regarding required disclosure.

There have been no changes in our internal controls over financial reporting during the most recently completed fiscal quarter that have materially affected or are reasonably likely to materially affect the Company’s internal control over financial reporting.
 
 
13

 

PART II – OTHER INFORMATION

Item 1.  Legal Proceedings

None.

Item 1A. Risk Factors

As a “smaller reporting company” (as defined in Item 10(f)(1) of Regulation S-K), our Company is not required to provide information required by this Item.

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

On November 23, 2011 500,000 common shares were issued under a debt settlement agreement with a related Party.  

On December 1, 2011, 200,000 common shares were issued under the terms of a Oil & Gas Farm-In, Operating and Consulting Agreement with a consultant.

On December 1, 2011, 200,000 common shares were issued to the same consultant as payment in full of debt arising under a Consulting Agreement.

On December 1, 2011, 200,000 common shares were issued to the President of the Company as payment for services rendered in the performance of his duties.

On May 7, 2013, the Company issued 50,000,000 common shares to a related party in settlement of debts owed by the Company.

On May 20, 2013, the Company issued 39,999,998 common shares to various parties in settlement of debts owed by the Company.

Item 3.  Defaults upon Senior Securities

None.

Item 4.  Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None
 
 
14

 

Item 6.  Exhibits

 
 
 
 
15

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
FORMCAP CORP.
 
/s/ Graham Douglas              
 
Graham Douglas
President, Secretary, Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
Dated: August XX, 2013
 
 
16

 
EX-31 2 ex31.htm CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002, FILED HEREWITH. CA Filed by Filing Services Canada Inc. 403-717-3898
EXHIBIT 31
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCINPAL FINANCIAL OFFICER
PURSUANT TO SECTOIN SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
 
 
I, Graham Douglas, certify that:
 
1.  
I have reviewed this Quarterly Report on Form 10-Q of FormCap Corp.;
 
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.  
I am 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 purpose in accordance with general 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.
 
5.  
I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
 
a.  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarized 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.
 
 
/s/ Graham Douglas              
 
Graham Douglas
President, Secretary, Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
Date:  August 14, 2013
EX-32 3 ex32.htm CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002, FILED HEREWITH. CA Filed by Filing Services Canada Inc. 403-717-3898
EXHIBIT 32

CERTIFICATION OF 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

I, Graham Douglas, the Chief Executive Officer and Chief Financial Officer, of FormCap Corp. (the “Company”),  certify,  pursuant to 18 U.S.C. Section 1350, as adopted  pursuant to Section 906 of the  Sarbanes-Oxley Act of 2002, that, to the best of my knowledge, the Quarterly Report on Form 10-Q for the period ended June 30, 2013, fully complies with the  requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and that the  information  contained in the Quarterly Report on Form 10-Q fairly  presents,  in all material  respects,  the  financial  condition  and result of  operations of the Company.

/s/ Graham Douglas                 
 
Graham Douglas
President, Secretary, Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
Date:  August 14, 2013

EX-101.INS 4 frmc-20130630.xml 0001102709 2013-01-01 2013-06-30 0001102709 2013-08-14 0001102709 2013-06-30 0001102709 2012-12-31 0001102709 2012-01-01 2012-03-31 0001102709 1991-04-10 2013-06-30 0001102709 1991-04-09 0001102709 2011-12-31 0001102709 2012-01-01 2012-06-30 0001102709 2013-04-01 2013-06-30 0001102709 2012-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares FORMCAP CORP. 0001102709 10-Q 2013-06-30 false --12-31 No No Yes Smaller Reporting Company Q2 2013 92038238 420 48 504 124 50000000 50000000 0 0 0 0 0.001 0.001 200000000 200000000 92038238 2038240 92038238 2038240 0.001 0.001 23107 398107 424549 808097 424549 808097 135000 135000 78653 78653 23107 398107 41322 34837 11614 48 -412935 -808049 -14273547 -11969661 13785574 11176574 17000 17000 92038 2038 -30794 352683 321889 5000 12501 1047867 40001 5000 778946 24886 8839 5589058 17610 14752 29886 21340 8562077 57611 19752 -29886 -21340 -8592871 -57611 -19752 864220 -2274000 -5680676 -2274000 23518691 2015772 2015772 44298653 0.1 0.01 0.03 0.05 2303886 21340 14273547 57611 2293752 2303886 21340 14273547 57611 2293752 943977 277322 119133 5000 3569 379961 324262 35001 262032 1174833 6485 104777 -4945 -99980 -23401 -2761583 -3380 196765 19175 -135181 250000 431000 -104880 -11194 -1239290 350000 11194 712346 44117 3608242 3000 34967 966886 3000 637012 2050177 34967 5991293 3000 372 420 -380 12650 3559999 280000 22 <p style="margin: 0pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying financial statements have been prepared by the Company without audit. &#160;In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2013, and for all periods presented herein, have been made.</font></p> <p style="margin: 0pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. &#160;It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2012 audited financial statements. &#160;The results of operations for the periods ended June 30, 2013 and 2012 are not necessarily indicative of the operating results for the full years.</font></p> <p style="margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Basis of Presentation</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are stated in US dollars. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may differ from these estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Reclassification of Financial Statement Accounts</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Certain amounts in the condensed financial statements have been reclassified to conform to the presentation adopted in the June 30, 2013 financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Use of Estimates</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Development Stage Company</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company is considered to be in the development stage as defined in Accounting Standards Codification (ASC) 915 &#147;Development Stage Entities.&#148;&#160; The Company is devoting substantially all of its efforts to development of business plans.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Basic Loss Per Share</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share is calculated by dividing the Company&#146;s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company&#146;s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There were no dilutive or potentially dilutive instruments outstanding as of June 30, 2013 and December 31, 2012.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Stock Issued in Exchange for Services</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The valuation of common stock issued in exchange for services is valued at an estimated fair market value as determined by the most readily determinable value of either the stock or services exchanged. Values of the stock are based upon other sales and issuances of the Company&#146;s common stock within the same general time period.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Cash and Cash Equivalents</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.35pt 0 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Cash equivalents are comprised of certain highly liquid investments with original maturities of three months or less when purchased.&#160;&#160;The Company maintains its cash in bank deposit accounts which at times may exceed federally insured limits of $250,000.&#160;&#160;The Company has not experienced any losses related to this concentration of risk. Deposits did not exceed insured limits during six months ended June 30, 2013 and the year ended December 31, 2012.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.35pt 0 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Financial Instruments</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">For accounts receivable, accounts payable, accrued liabilities, current portion of long-term debt and long-term debt, the carrying amounts of these financial instruments approximates their fair value.&#160;&#160;Unless otherwise noted, it is management&#146;s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Foreign Currency Translation</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company translates foreign currency transactions and balances to its reporting currency, United States Dollars, in accordance with ASC 830 &#147;Foreign Currency Matters&#148;. Monetary assets and liabilities are translated into the functional currency at the exchange rate in effect at the end of the year. Non-monetary assets and liabilities are translated at the exchange rate prevailing when the assets were acquired or the liabilities assumed. Revenue and expenses are translated at the rate approximating the rate of exchange on the transaction date. All exchange gains and losses are included in the determination of net loss for the year.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Income Taxes</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company applies ASC 740, which requires the asset and liability method of accounting for income taxes. &#160;The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years. Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company adopted ASC 740, at the beginning of fiscal year 2008. This interpretation requires recognition and measurement of uncertain tax positions using a &#147;more-likely-than-not&#148; approach, requiring the recognition and measurement of uncertain tax positions. The adoption of ASC 740 had no material impact on the Company&#146;s financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Recent Accounting Pronouncements</u></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification&#153; (&#147;ASC&#148;) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.&#160;&#160;Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future consolidated financial statements.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></p> <p style="margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company from time to time has borrowed funds from or has received services from several individuals and corporations related to the Company for operating purposes As of June 30, 2013 the Company owed related parties $23,107 (December 31, 2012 - $398,107).&#160;&#160;These amounts bear no interest, are not collateralized, and are due on demand.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company has two classes of stock authorized as of June 30, 2013. &#160;The Company has 50,000,000 shares of preferred stock authorized with no shares outstanding as of June 30, 2013 and December 31, 2012. The Company also has 200,000,000 shares of common stock authorized with 92,038,238 shares issued and outstanding as of June 30, 2013 (December 31, 2012 &#150; 2,038,240)</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During the year ended December 31, 2012, the Company issued new shares as follows:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On October 1, 2012, the Company effected a 1 for 50 reverse stock split. &#160;All references in these financial statements to number of common shares issued and outstanding, price per share and weighted average number of common shares have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted. &#160;The Company&#146;s authorized preferred stock and authorized common stock remain unchanged.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Prior to the reverse stock split, the Company had 100,788,607 common shares issued and outstanding. Immediately after the reverse split the Company had 2,038,240 common shares issued and outstanding, including 22,467 common shares issued to various shareholders as a result of rounding. The rounding shares were not issued for compensation and have no net effect on owner&#146;s equity.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During the six months ended June 30, 2013, the Company issued 89,999,998 Common shares in settlement of debts owed by the Company (see Note 8).</font></p> 111500 161500 -1146206 -2303886 -14273547 -57611 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are stated in US dollars. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may differ from these estimates.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Certain amounts in the condensed financial statements have been reclassified to conform to the presentation adopted in the June 30, 2013 financial statements.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company is considered to be in the development stage as defined in Accounting Standards Codification (ASC) 915 &#147;Development Stage Entities.&#148;&#160; The Company is devoting substantially all of its efforts to development of business plans.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share is calculated by dividing the Company&#146;s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company&#146;s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There were no dilutive or potentially dilutive instruments outstanding as of June 30, 2013 and December 31, 2012.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The valuation of common stock issued in exchange for services is valued at an estimated fair market value as determined by the most readily determinable value of either the stock or services exchanged. Values of the stock are based upon other sales and issuances of the Company&#146;s common stock within the same general time period.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Cash equivalents are comprised of certain highly liquid investments with original maturities of three months or less when purchased.&#160;&#160;The Company maintains its cash in bank deposit accounts which at times may exceed federally insured limits of $250,000.&#160;&#160;The Company has not experienced any losses related to this concentration of risk. Deposits did not exceed insured limits during six months ended June 30, 2013 and the year ended December 31, 2012.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">For accounts receivable, accounts payable, accrued liabilities, current portion of long-term debt and long-term debt, the carrying amounts of these financial instruments approximates their fair value.&#160;&#160;Unless otherwise noted, it is management&#146;s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company translates foreign currency transactions and balances to its reporting currency, United States Dollars, in accordance with ASC 830 &#147;Foreign Currency Matters&#148;. Monetary assets and liabilities are translated into the functional currency at the exchange rate in effect at the end of the year. Non-monetary assets and liabilities are translated at the exchange rate prevailing when the assets were acquired or the liabilities assumed. Revenue and expenses are translated at the rate approximating the rate of exchange on the transaction date. All exchange gains and losses are included in the determination of net loss for the year.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company applies ASC 740, which requires the asset and liability method of accounting for income taxes. &#160;The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years. Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company adopted ASC 740, at the beginning of fiscal year 2008. This interpretation requires recognition and measurement of uncertain tax positions using a &#147;more-likely-than-not&#148; approach, requiring the recognition and measurement of uncertain tax positions. The adoption of ASC 740 had no material impact on the Company&#146;s financial statements.</font></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification&#153; (&#147;ASC&#148;) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.&#160;&#160;Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future consolidated financial statements.</font></p> 11614 48 11194 34967 -2274000 -5103311 -2274000 286855 17500 -2274000 -6428908 286855 120814 -3203 66200 140429 -34595 -4000873 -3380 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During April and May, 2013 the Company issued convertible promissory notes in the amount of $15,000 to two unrelated third parties. The notes mature on December 31, 2014.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On June 3, 2013, The Company issued convertible promissory notes in the amounts of $15,000 and $5,000 to an unrelated third party. The notes mature on December 31, 2015</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The convertible promissory notes are non-interest bearing until maturity and bear interest at 3% per annum thereafter. The convertible promissory notes will become due and payable if the Company receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory notes are convertible into common shares of the Company either in whole or in part at the option of the creditor, at terms set by the Company.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On June 3, 2013 the Company advanced the sum of $11,194 to an unrelated party, secured by a promissory note.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The promissory note is non-interest bearing until maturity and bears interest at 3% per annum thereafter. The promissory note will become due and payable if the debtor receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory note is convertible into common shares of the debtor either in whole or in part at the option of the Company, at terms set by the debtor.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On May 9, 2013 the Company settled debts owed to related parties in the amount of $50,000 by the issuance of 50,000,000 Common Shares. The Company recorded a loss of $565,000 on this transaction.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On May 20, 2013 the Company settled debts owed to related parties in the amount of $375,000 by the issuance of 39,999,998 Common Shares. The Company recorded a loss of $1,709,000 on this transaction.</font></p> 89999998 EX-101.SCH 5 frmc-20130630.xsd 0001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 0002 - Statement - Condensed Balance Sheets link:presentationLink link:calculationLink link:definitionLink 0003 - Statement - Condensed Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 0004 - Statement - Condensed Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0005 - Statement - Condensed Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0006 - Disclosure - CONDENSED FINANCIAL STATEMENTS link:presentationLink link:calculationLink link:definitionLink 0007 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 0008 - Disclosure - GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 0009 - Disclosure - RELATED PARTY PAYABLES link:presentationLink link:calculationLink link:definitionLink 0010 - Disclosure - COMMON STOCK link:presentationLink link:calculationLink link:definitionLink 0011 - Disclosure - CONVERTIBLE PROMISSORY NOTES PAYABLE link:presentationLink link:calculationLink link:definitionLink 0012 - Disclosure - PROMISSORY NOTE RECEIVABLE link:presentationLink link:calculationLink link:definitionLink 0013 - Disclosure - DEBT SETTLEMENT link:presentationLink link:calculationLink link:definitionLink 0014 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 0015 - Disclosure - RELATED PARTY PAYABLES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 0016 - Disclosure - COMMON STOCK (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 frmc-20130630_cal.xml EX-101.DEF 7 frmc-20130630_def.xml EX-101.LAB 8 frmc-20130630_lab.xml 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 Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Cash Promissory Note Receivable TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable and accrued liabilities Related party payables Notes payable - related parties Notes payable Convertible notes payable Royalty and license fee payable Total Current Liabilities TOTAL LIABILITIES STOCKHOLDERS' DEFICIT Preferred stock, 50,000,000 shares authorized at par value of $0.001, no shares issued and outstanding Common stock, 200,000,000 shares authorized at par value of $0.001, 92,038,238 shares issued and outstanding Stock subscription receivable Additional paid-in capital Deficit accumulated during the development stage Total Stockholders' Deficit TOTAL LIABLITIES AND STOCKHOLDERS' DEFICIT Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Condensed Statements Of Operations REVENUES COST OF SALES GROSS MARGIN OPERATING EXPENSES Consulting fees Loss on impairment of assets Financing expenses General and administrative expenses Total Operating Expenses LOSS FROM OPERATIONS OTHER INCOME AND (EXPENSE) Interest expense Gain on settlement of debt Loss on settlement of debt Total Other Expense LOSS BEFORE INCOME TAXES Provision for income taxes NETLOSS BASIC AND DILUTED NET LOSS PER COMMON SHARE BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES Net Loss Adjustments to reconcile net loss to net cash used by operating activities: Amortization of prepaid expenses Amortization of beneficial conversion feature Expenses paid on behalf of the Company Expenses paid by related parties Depreciation and amortization Gain on settlement of debt and extinguishing of oil and gas leases Common stock and options issued for services Common stock and options issued for collateral and extension of debt Loss on impairment of assets Loss on settlement of debt Interest expense in connection with induced conversion Foreign currency exchange Changes to operating assets and liabilities Accounts receivable Inventories Prepaid expenses and other current assets Prepaid royalties Accounts payable and accrued liabilities Related party payables Royalty and license fees Bank indebtedness Net Cash Used in Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Purchase of capital assets Acquisition deposits Purchase of oil and gas lease Capitalized software expenditures Principal payments on notes receivable Notes receivable advances Proceeds from sale of notes receivable Net Cash Used in Investing Activities Net Cash Used in Operating and Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from related party payables Repayments of related party payables Proceeds from notes payable Repayment of notes payable Proceeds from the sale of preferred stock Proceeds from the sale of common stock and stock options Net Cash Provided by Financing Activities NET INCREASE (DECREASE) IN CASH CASH AT BEGINNING OF PERIOD CASH AT END OF PERIOD SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION CASH PAID FOR: Interest NON CASH FINANCING ACTIVITIES Common stock issued for rounding shares Common stock issued for prepaid expenses Conversion of related party payables to common stock Notes to Financial Statements Note 1. CONDENSED FINANCIAL STATEMENTS Note 2. SIGNIFICANT ACCOUNTING POLICIES Note 3. GOING CONCERN Note 4. RELATED PARTY PAYABLES Note 5. COMMON STOCK Note 6. CONVERTIBLE PROMISSORY NOTES PAYABLE Note 7. PROMISSORY NOTE RECEIVABLE Note 8. DEBT SETTLEMENT Significant Accounting Policies Policies Basis of Presentation Reclassification of Financial Statement Accounts Use of Estimates Development Stage Company Basic Loss Per Share Stock Issued in Exchange for Services Cash and Cash Equivalents Financial Instruments Foreign Currency Translation Income Taxes Recent Accounting Pronouncements Related Party Payables Details Narrative Company owed to related parties Common Stock Details Narrative Common shares in settlement of debts Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Loss on settlement of debt. Common stock and options issued for collateral and extension of debt. Convertible promissory notes payable. Promissory note receivable. Debt settlement. Common shares in settlement of debts. Assets Liabilities, Current Liabilities Stockholders' Equity Note, Subscriptions Receivable Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Gain (Loss) on Sale of Assets and Asset Impairment Charges Operating Expenses Income (Loss) from Continuing Operations Attributable to Parent Interest Expense Nonoperating Income (Expense) Net Income (Loss) Attributable to Parent GainOnSettlementOfDebtAndExtinguishingOfOilAndGasLeases Gains (Losses) on Extinguishment of Debt Foreign Currency Transaction Gain (Loss), Realized Increase (Decrease) in Accounts Receivable Increase (Decrease) in Inventories Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable and Accrued Liabilities Increase (Decrease) in Accounts Payable, Related Parties Net Cash Provided by (Used in) Operating Activities Payments for Deposits on Real Estate Acquisitions Payments to Acquire Oil and Gas Property and Equipment Increase (Decrease) in Notes Receivables Net Cash Provided by (Used in) Investing Activities Repayments of Related Party Debt Net Cash Provided by (Used in) Financing Activities EX-101.PRE 9 frmc-20130630_pre.xml XML 10 R8.xml IDEA: GOING CONCERN 2.4.0.80008 - Disclosure - GOING CONCERNtruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001102709duration2013-01-01T00:00:002013-06-30T00:00:001true 1FRMC_NotesToFinancialStatementsAbstractFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_LiquidityDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date). Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations.No definition available.false0falseGOING CONCERNUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://formcapcorp.com/role/GoingConcern12 XML 11 R6.xml IDEA: CONDENSED FINANCIAL STATEMENTS 2.4.0.80006 - Disclosure - CONDENSED FINANCIAL STATEMENTStruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001102709duration2013-01-01T00:00:002013-06-30T00:00:001true 1FRMC_NotesToFinancialStatementsAbstractFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_CondensedFinancialStatementsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying financial statements have been prepared by the Company without audit. &#160;In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2013, and for all periods presented herein, have been made.</font></p> <p style="margin: 0pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. &#160;It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2012 audited financial statements. &#160;The results of operations for the periods ended June 30, 2013 and 2012 are not necessarily indicative of the operating results for the full years.</font></p>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for condensed financial statements.No definition available.false0falseCONDENSED FINANCIAL STATEMENTSUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://formcapcorp.com/role/CondensedFinancialStatements12 XML 12 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended 267 Months Ended
Jun. 30, 2013
Mar. 31, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Condensed Statements Of Operations          
REVENUES             $ 321,889
COST OF SALES             352,683
GROSS MARGIN             (30,794)
OPERATING EXPENSES          
Consulting fees 5,000 12,501 5,000 40,001 1,047,867
Loss on impairment of assets             1,146,206
Financing expenses             778,946
General and administrative expenses 14,752 8,839 24,886 17,610 5,589,058
Total Operating Expenses 19,752 21,340 29,886 57,611 8,562,077
LOSS FROM OPERATIONS 19,752 21,340 29,886 57,611 8,592,871
OTHER INCOME AND (EXPENSE)          
Interest expense             (864,220)
Gain on settlement of debt             286,855
Loss on settlement of debt (2,274,000)    (2,274,000)    (5,103,311)
Total Other Expense (2,274,000)    (2,274,000)    (5,680,676)
LOSS BEFORE INCOME TAXES 2,293,752 21,340 2,303,886 57,611 14,273,547
Provision for income taxes               
NETLOSS $ 2,293,752 $ 21,340 $ 2,303,886 $ 57,611 $ 14,273,547
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ 0.05 $ 0.01 $ 0.1 $ 0.03  
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 44,298,653 2,015,772 23,518,691 2,015,772  
XML 13 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMON STOCK
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Note 5. COMMON STOCK

The Company has two classes of stock authorized as of June 30, 2013.  The Company has 50,000,000 shares of preferred stock authorized with no shares outstanding as of June 30, 2013 and December 31, 2012. The Company also has 200,000,000 shares of common stock authorized with 92,038,238 shares issued and outstanding as of June 30, 2013 (December 31, 2012 – 2,038,240)

 

During the year ended December 31, 2012, the Company issued new shares as follows:

 

On October 1, 2012, the Company effected a 1 for 50 reverse stock split.  All references in these financial statements to number of common shares issued and outstanding, price per share and weighted average number of common shares have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.  The Company’s authorized preferred stock and authorized common stock remain unchanged.

 

Prior to the reverse stock split, the Company had 100,788,607 common shares issued and outstanding. Immediately after the reverse split the Company had 2,038,240 common shares issued and outstanding, including 22,467 common shares issued to various shareholders as a result of rounding. The rounding shares were not issued for compensation and have no net effect on owner’s equity.

 

During the six months ended June 30, 2013, the Company issued 89,999,998 Common shares in settlement of debts owed by the Company (see Note 8).

XML 14 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.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; } }; Show.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( '-', '+' ); } } }; XML 15 R9.xml IDEA: RELATED PARTY PAYABLES 2.4.0.80009 - Disclosure - RELATED PARTY PAYABLEStruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001102709duration2013-01-01T00:00:002013-06-30T00:00:001true 1FRMC_NotesToFinancialStatementsAbstractFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_RelatedPartyTransactionsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company from time to time has borrowed funds from or has received services from several individuals and corporations related to the Company for operating purposes As of June 30, 2013 the Company owed related parties $23,107 (December 31, 2012 - $398,107).&#160;&#160;These amounts bear no interest, are not collateralized, and are due on demand.</font></p>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0falseRELATED PARTY PAYABLESUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://formcapcorp.com/role/RelatedPartyPayables12 XML 16 R12.xml IDEA: PROMISSORY NOTE RECEIVABLE 2.4.0.80012 - Disclosure - PROMISSORY NOTE RECEIVABLEtruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001102709duration2013-01-01T00:00:002013-06-30T00:00:001true 1FRMC_NotesToFinancialStatementsAbstractFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2FRMC_PromissoryNoteReceivableTextBlockFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On June 3, 2013 the Company advanced the sum of $11,194 to an unrelated party, secured by a promissory note.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The promissory note is non-interest bearing until maturity and bears interest at 3% per annum thereafter. The promissory note will become due and payable if the debtor receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory note is convertible into common shares of the debtor either in whole or in part at the option of the Company, at terms set by the debtor.</font></p>falsefalsefalsenonnum:textBlockItemTypenaPromissory note receivable.No definition available.false0falsePROMISSORY NOTE RECEIVABLEUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://formcapcorp.com/role/PromissoryNoteReceivable12 ZIP 17 0001137171-13-000301-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001137171-13-000301-xbrl.zip M4$L#!!0````(`'J##T-+X&"/WX]Z>%9SS00##NOSVPCLP#@_H.=YE___;@\VWO]/;L M\O+`^/N[__P/`_[Y\;]Z/>."4<\],O#'^ M2;P(O^'_>G_S"_RIQC\Q^D=#U^CU*@SV3^J[//A\/CXY'/ M'\@C#[Z((X=7&^Z61X%#T[$N;GX]^S_+_./I+O".GF:`^)R$\+UM6OUC&*-*HX?DC`2Z?CFDQG_H[K_B(38"?[7`('[XN1)L+<'.98>^T<\ MN#^V3=,Z_M>OO]PZ<[H@/>:+D/@./4AZ>JX>%IFQCTY%JRI*F+EUI)ZAS=,\?CN$! MM+?LGFGU^E;2/*"S4LBC8WB:-&2"#VQKO(T_U2+I$(G>/2'+M,.,B#O9.'ZP M`0P\";A'Q<8^\LF&3C[W_6BQ&9<;!L?A\Y(>0Z,>M*(!<])^NSL5.P`&_'HS M.OED`SHTDZP##Q8.63H\6(+9+;!YWQSUS8/$/%"E3H14W!LZ,Z0VGLSE',V@ M:R_IR#88NF!:ATG0RES<;@?TJ?08.[;@XN`+W``!&A:(5>? M1[V,?MJ-^B$+G]-OT^^9BT]FC`:&1$D+$DPT[>SRYX-W8+B69=IC<_KC\6KG MC-SQ1GHQM25(G[OK*,",@A"]S;N,G62D[-E:-W"'N4[(=T;>+71)OB\`2+Z, M15HNYU-Q-5,T)CUK\,IDJYQ4^"YC("41/]$MI%>H@$4AY36I$R'9/?@77,JK M%5+,0#="BMV:G7-K\+G_^@16<&MV$[<6\]V-6T,Y0XP$J`8]R_PFEH^,G1>V M?"3`S.DKDVUBVAD#G7I&Z[5[1FO_GO%56VP+S]B=Q6:!]>#;"JP'+S*P?ITZ M7`B'-,>,D<^4A#[?GJ^)94&)B`+Z+D[/3Z!-,ECRJ$@"1RL9_W9.`BI*2<2: M(ALUI@'XKDOHN.P!YF-=MMCW(R;K6#K+/:XO@U6,FT;-$3VG/E\P?Q?9W7)9 MI;MIX.1Y00J;!.I2=O)!*N<-O6`WZCG_>SS1_\6U)O[U+T4(@+'6Y7L1YY7 M@)+1ULG^DWN1#PO4\P7S:"`:DEL998-Z*SGA=4JP+4H3EH*H?=0K;L M'8-?!W1&P;+=W(2?1N&A.S(Q)ZY!4A/*C3YZ+RBUNC#;7',46TBU1%59YS2CTN"XLCAB!Y46 M8&J(![`,M@FG(A9=GJN"=*KY";VN:[><*OO4?3FP:E3U86WCQIIA/8_H)WY# M/6P(?4)&19QY-8VS[;YECC-8Y03:0:D2E?>GDX98?F'DCGD,6S3/-P;#P30C MGANR)K4JK$[,B3D=UZ76DU>29W7G67L9KI](=R1=P^>G,,5610#T,BJ8\\I*(E]^/):-C/A)\?LBZY M*HS6('?J.#SRP^2Q7F>V>?#F$)HXL4880"_@FP"B$(W6;_5MNQ37-HJ:P5:2 MXF#2+Q=B';"Y%M!-+K9S[KDT$!_^B%CXW-BA6"-KL-&?;22C`U;=RE9=3/J$ MTQM8]K0_S*#H(EY%!#U<:_+KW&[B-S0DS*?N!Q+X$,T*T*YH$J>N"DG&?>->$N9?^&5FRD'C- ME^KQ9#@61GU" M)7SO(O13P(6X#OALQ/P&G2A=/@F2F!;D\DT'\2IL5NPU,&$M)UO=#-4"!F!7=#& M\[ZROU[PN4)BF5CE4T[D6 MRG#!?.([$.Y<`N&`BO##TQ)K>1VYHSKD-+BGRN0:Z-MX/)D.1IFDRVAI%$'7 M$M?@WM0+\U@4/G47S)>'4T/V0-NI53&Q&$PF.;GOH*@!8%UG.)GTIWO#UT!S MA\/)U!Q.OJ((*U0&1I:Y3X!UO:PU&`_MQ@"OEGB('8PR?JXE"K"G!;M8H]$( M1%W=MZU^?K]=`X@&"CX9CFQS/.Y8%KOM#)38T@VBMJ)."XJZ$\2E[_`%_042 M8B1X!@"8'T'[N"/WM>AJ;T59=U/5@[.N.O=6]'DO.)N44R;#J3T96U]=HKN1 MKEC%OG#6M9O>BN$TP;F/B'H_@70'\?-D-+#M@FEM#9OW$RWO)TC^R'V>^&&E M5QK#XYYMCP>%'+"47"M<&K2J.KTF+G$XFIBC\6C/".;4U]VR0YO]H34937-K1"TJAX-?U$\;%?\$AX&`X@T"R>Y6C&1'"A(SK;*1I#UG3,O"FFS?9WR MP[8Y$]A!6`/.G?Y\RZ'@KPFTUDGK_CZ![O346X`.&P/]2,,L5M525^B;_4*R M5J!0FWS+BD(+XDTV%=9./FEEOFX)H1WQNI&#;4_[A1QH*WGUY!-YBH.)]]2G MW1UXJ$%-2_I3C5HU#>N.MXZI:4A]=J?1[^F,!S1%1<4Y?!!ADP"S@B]K@:=C MUEKZR1?*F!8?_$)Y:^_?7RYCK=<.G:P)$>&]S1"TX\$]"(5^(P'>@2,N>'!+ M@P?F0"0?G'F$+;HZ5],.0P,KF`[ZT_R61BT`VB6H8=TYI\L`&)1SC_MF"[P5 MY4_Y9T=S5H=B@QFRQ^/"VRE;R+64A0;I7P?U;_RW],Y\697L_C>(,W3U(!@ MHY.>HVG\]N!66NW$H,%`KL(Y#?;OHVJ3;3('X^DT_[;,+IHZ1*-A1D[=WR,1 MRKND>+"'J:A.K]%AUX$]RK_*6$:LE13JNBE\N=>J`4I:Y\J>V:4/P9U/'6SW M&POGE[X;.=2%+^.?9.G";[7&T&2]']EFWXZ=65T`VB78PL`D!HS,K_Q+<*DL MP!F_FIT*04/=\7,]6HVB@/%@@F'`5DJ-6==3<`DH$?2#=91_1@- M)L-"1M8`1T?<-#SP/1Z_4'Z:G(P93`?:ID4T#/K2Z,.;=1)IL MWD^GTTERS<0:A?I,ZMBDIR'>+@BQ.][VZ[Y__BRH>^FG!^I.P5\_:#/5GMT? MF,7*?T7J&G$WF3A[/+*&^7>YO@KR)N;7[T],';"+V=V2/..:(JYF[XG_Y0I6 M<#<@,^WK:DOB>C8NFG/>-GI1UO]&TB%E`BR#QN^2Q\ M)`%-KH;H:@8;D6ZR!EEX@BQ_W68%PKKDI*,V&SO.3_S4^2-B`;UB^&;)3P3? M48?U1YH]WC>Q7*Q>3Z1Q(6D'HDD^/5RYK[@6`OU"U#B3%QSK95PP6`W]&TJ\ M#P+O293(1*%&;M(< M3";%;8D=9/5(J+MD[-)_P!UC[(N]$,V_VI/=V=U72+7/^. MY2WQZ-5,WLE8[X.F.^P)5X)%Z?LJV2[*1S6IMHD(AE8UC@M).ZBJ$$L[2=C MU9)S=Z+;N(/]K3;^+Z1N;$'MCI%%6GKE5LFE>H[(15\98Y0**^H/!0 M?K.'9:L%F"836KJ256W'HSIJH$X&SW+.;JD*U2;70')K6N,1R-]#4()CNZA;I)5UZZQ8KOJTZ M<8VPF]Q/!5WLZ>XMY&Z!MW:2S5'+;O*'.5?S02U:D7^ENYQ4"U!-TK35G\K4 M#JK1D8!)(U3)>3X\K]SQM2\;2339?K9'PPV7L>#P=;EKFP!GYQR+JV3LF<4G MGLOLNLB`VP%H5/T#ES=-SL77(J]7_0#=!0_B\UDM;[K33K9)R#$Q ML]\^JD!3AVBZF)$;'LD;+M3M`\WO;=%->.>4E-U38F^9DR)-#;*I=I7*[LO% M?1+)7\Y36]9`\;U7P[F]^\$+WRP-$3Y[].W!@@3WS#\QS&7XQL#N M/>*Q>_@"#_.SV?/!#_?A&^PQ@]&33OCYQ+"@C_&)+8#SC_31N.$+XA^J+PZ- M6UC[9K+SISDUB..H]V_PIQ)F"1,__,7JOQ$I)\:%1\8/9+%\\Q=K9+ZY]&4[OF0^'GGG,P/`D'LY\*%! M/,\@Z>L)POCKXYPYY5,+@OO=L^#P`33$"C/`#A)KK]#?#IPX5@@0` MB2-"@4N9QQ^%04*) MX7\CGQI]\]#`V5*-9CR0Z)GCH0R)HN$PX M'A<1N@&E1:`4L7ZY\"&G'#F%3]4<&J")!"Z6*J66R[\C?._Y'IK)K058DR6( M>W5]+!"`-G09JOZH@9_!L@#5J%@^FP$>/SQ-%>B:>\R!S'%?2\4K,6SL'.$'O"-)F19,X+7RL%)# M)#-1RM8K=%Z?T'(EP(U&N&'%W>"*-CB M&H7QGCHD`E]##/G"*'QR*220"P`?9@L[`%'O7.%@7N[%&G!=+EVB&8.\HB5T MF$4A.&4#?Z8C%(<2@;1XR6XZYD;AR+4W]@UYJP?,#]Q[4)[+0+0P`IYK64A^ M56Q17):AE?R1*&`<7(!$\7ODWB.=(^/4"2,9=2A?L2#/L)S,9N#N9F":L?-- MQZ^YPK\<57S]D4#J,&ZHXX$&2D3ZX*2S+I2[MNWE\??/X'"\Y8!$? M$K?U^M4?EE()K\K2436>W[2T5EE$`RI/J8MR-4\MF:@4K*PXM]9CI/,+H:1P!!2+^NG*+F`)XF.2[.! M#)+<4\N!"I)?V<)F-"Z`21!N)//TK*N4KURRUQ96D+_GKBRM_/O2^C(X2'S' M.4RUQ^6Q<(D7]/\^306_'2>2%+28K!H*YM)`+8B02\<.P,TD@98"4B`8W<[P MIXJQ39;?H9/P71)`!GO&W30J,?YZ>GOV-V-J#9-D>#`ND>\'&`?M]2AI.,GI ME/$I5X&3$?8#EV1%=(?W'X=,.3!(;<%6&5@:G<&B#O\'?O)HG_C&$K/+ M'IB;K".)KXDM8?1&0/(7&G(,LEQZ8%VX/,G@%;<$U*#Q#SLG!>O'^-YP@ZB+ MPR4,7]X>;LB%,^L)!I4M8LG2E5P43>/KG-NB9_*B1!6Z/Q#F56#!C2&LLF)D M;,3X>>YWD'.\8)WK2#J/U:%B'!6&8RK)OI/7O*=(UKJH.CV-Z^7@II8\I(EC MDM2Q/.?BR2EH0.6O;Q])%)^P^`@CR^)>UA1:;1R"^2(,(A6SY'$2&:>L5P[7 M*I??7=[7=WER$T\B53MYN)I^>'+F!$)9J4')I9:OWP!KY6" M5M']UMP,\Z@_A/9F=^6WA%.:,2@U'[?6`R:W],"V59'.F,-2";;F,6B,UHTO M7JIE2U8C>,``-Z@SF#*LV#)7EX814+18/YP+-$`/0_7'.>X/1`&8(!`YRBE/ M?HNMD-8L``+"$#(=D#O=@.F.^%^P/H^[XTD])*F78Z%`B@#+WV#N%!T,=>/B M"(R$9VZ!G053)8'_MH?FH6F:E>``<+EUAZ6#@.$;'ZZ,$C"F`Y*!.OVDBI`J M(W-`5%F-!Z3[!6*R^,5RB`;<>#@)(%[K7 MW&_(W5P4]L`OLVCP]8<*%SQ0CC0QS"!]<_$PL]:E.ATHO\';Y/+5OD,#S\U@ MIB\K<4G(;( MET-BQ\*%\B`BVX$'L.KP:R(8YQF=J@/.`@BB4T$'SN368&ZK;R.SWV.-%V#\ M/(`,5&V`G243^BD@OO"^G>,"A84SC)FC;C+#ZX!(:7`%;>2)E\FAX%N)F!^9+:24D> M^VZ2E*C"QT?N]Q;UH&RBE.PY8=4&92FC,6P5#RE+%T3=6B0/=>&S`@W<`<+, MZ4;MHA0V44H02!8S]YKXY?01YFL)2*[@Y-1!;O<<&:>>E[6ZE]&@\OXB(;QZ MXFOMK$=:>)O%BU,JWM=J8=^0.[S,:HKR%UB^/?`!AN\I5TMW7 MU`P+A@WI#PWG7+J#W*XO5E54&=8(45RK1Q0W#*02"#58CFALI$FP!>.Z\:OM M.++<4(+&5/IBQ(!V*,\_84C'(3SY,S.YS;NQ8)L+2F1:(S'<*5D\IV5J?$U- M2,^/KL`'NX^)>^0QWO>)ZT!*2#*@D_X164^B2(2.)Z)\5[U%J1CR9)3$TK-; M\7E)Q'&>YS/QJ0'N_3XP^AC7?Y%)K"W'DY%D6"XB5HUOG MXY%!>^PLC]-*%NCW$M,+<@;Q<:34&<1F>$=\YS/6/X*$#P+@Q`6R2>FRT$>%)Q=*)ZNE$)`8F"N4 M%=E9D`A$H6?$1BB)%RR)%RB)%R!,.BYB=^XM;EMB>(V;*#<'E%4.1N0)"!)810*;*`W6;JM8%RO:X[6&NDHT0*&'B#ZS@* M(Q2,GR3U\>D1L5>,*40'LE65`ZFW6/N+_37V[ZK:P]^?+D$[EG[L>%MPT3$Z M&S0!G+5T$NPBXA" M0NCZ[K^==]HF@$)J$_!>EE.3:(U?MO&"0GDY?8]N\_-D<@W3W&`/@\1Z&7&# MJ.K0I.B6K)*XH=ZY"9@_-5X-D[+*;U.0@$=,?`GN!GZE=T$NO,KSSWT(R[[3 MJT_R&*;<)X%-O3VVYZUJI4(7+0(-#)RB=;#T"KM*"@1<-VV4Z[](=VU\H2P] MR,]'!;&KKU?CU-HR4G[W;;YSH+!/-2VP,ZRK3\&0:7:\$\00' M!C]!N&20W%)-`\2<)ZJU6X$GD^UJA7+(6%$*,"G(U>U*BR@1TZ6`&"-B1)KX6(`D2T;5=7S8\[V8_:_1JVACK1'*,.[L*$@`73#@NFV9:;@@<' M8_8BL8#;O<:ISWT\;*&B1ZN`,*4?G*D]O0#?+FT7#Y@9C;+#C!V=4VU\(;$[F(HNC!@=\FZQ:Z5ZBM%Q^%@&@&,JAO$"B("X*_B=("=& MU62!0$`Q:1<$P-J?O65,(TTB2`QY2K:4,A`?4:V`ER!*H&&-AN5$FS ML&#AM6R]OO-]CF10M>$`CKWOAI+HQ!]>TO?_1[\D0!3^ZE=*)LPWTN:&-Q^< M_T8//MH*8SXP";0_]\Q6XXB.K&TL\K^WHJ$YL\R@0+`?/`[!F;S*(XCRD5">)+PF\"J\G$'*^K^4@/; MZ-4$S2N5>PG*"W+,YGD1Q?>1[%77()6,:467HBW\_3;&8G3B3'(PJ5:`A9.4 ME[T7CZ!YTW5;G?;0>9=!HC@7SAMW/,)7WQ>A;D3CEZS?SS$-%D9&'5PVT2^P M\H='3'IF"G-=X&O++164EC[L0&'RT^13+"W"160NYWZ^(L' MY6X=YPI1A9T.N*#;]C1=F-?5#?7JRX8*F*NUG"K2KR-NT,'Z\$;-E@.HI0O MMM?`6FYST7$%AMZLWAB6,V/ET;';EMZ"V<<^8H6QRB0`_JO0-=Q(%$V MD3W1 M0[:1%T;S@D=('Z)255PE984H!X%-HG"!">&'$$R&H5"R0^U$)>GT=2$5'"3! MHU,,Y,\-#T;CUGB,_T;.I2UW\)._V:Q5A1WS;0F?QE)TA^\2GV-U)!MW1N^+ M#T3I4TV&VMI@*[/1I5'IT'9C-;MMX"L9S9_$#%O.E]M3%Q3SX"0VK8$/\`/4\K1X<>>J9 M)>+ZSQBYDISTND.WWQL>.'05=OC^<-#IE!F7V`AAIVWXP!-_/6M80,-D>!9, MAEI)RJE"5G'A',//7D@3]4U4;>8CE9<8N'ANJG321'ZF"7W>/J?EY)_$GZT4 M0=W924'#9W>N?'9:A6P5L$ID!E$8<82),VD3AC0$;OL)W$1"HIP,I>WR)\%Y M!::=F,C.7>0:'K.&Q^QD>,RT;]FCQI:S,1ZK,PTE%==5%$LBKG,W`0V-UPO0 M>`DG]DS9S'OHX"1#F>KSE>)G,JB9 M^--GIV(-G],I\CEI52@EU1E58'X<28]C8F)!K0RNHK/W0`W544-U=-)41X:E MJ*KTV8&"*@A`FJ(@!HL8)XQ:(B`7@<1D/:`18XK`RST'PPP M@<5BTZ!L\,,-$T[#A%,/$\YS52VMJHQTK`Y&'G1Z>C)\L?)#E$$0]T9[KR^2 M+!"$$[SXJTK`_.4?`K,>FW>V:XR#)U2P#OOPHI=1"$'+)L`+&[CJJK?L]L:# MH?5@[+RK'S")9]ZFJ&W/-U'\U8_B&R\4G#]3T([$P.PJF/]L-4.K=KGV@KL$ MUKI;#XZV"RX60>PU3.C(]W8`L/P8,ZJ"'>YWVJZ+$-Z36^WG0+Z/)]O[0.C' MEVUI&0ZZ6N=([1OU3ZJ&9HZ:)U5![;JCP:C?U\;_L!G]\$5_'9)P0`M(NK$, M0H<9PR^Y)'X5Q9>*RP->_/2X\4-,",U6>!\U*TO=LZD@D)UA7YFEZC,YXO+6 MU':4?*'D]2R$(2&"WP;)+>FX2)&R?CH\_=I*$_G^E1^I#VK-'05 MR^EVVZZ5I-T[;%VK=)0-FH98/(OBX&@]W,\;L\*6#`9=T^/N'._@!3G*)EQC MNU(`UI:J^C]L'_8,6\66]=J][GC77MACUK$T->P(0O.NF?=U^$ MR`2W-T$^(D\Y M%)^B*V"AUP81&V)Q""RI.G\U,N--IT]4B5C$>HA@,Q6D^#:(%5,HU7RY'8@N M0]AK@DBE8;^]!KOPTJ1X#-66;$7?#I&0Q!01E+PW2EJ\,%=8=(>2LT]4^J>Z MSJ&%Q((30R_6(GGARZ(_@N&6A'YKWJCMW'&6X)& M0]2"[&\,'C&&%3#0U-""/YY@S?(,[S'MD$1.&>X7;R9ACB^>VV8#W,!2.`K=T4F2).%_U1`3Y")&+@ M&_*0@YI(&!&#:,P>)P:81S$CC?SX+D$&L119V%YNL++NT?*J]GOUF>NG<:8Y M!M+:+V_YW:,6&T*+@."2]>NT.N->QN21L6L)!GK"AWAID6E9.6E+=IZ9'0A#&*=J<96U+]YW`KYNRT8"IT$Q0&)6R8F%A9$Y8R?1GKI5#N M?-T]!FRO)S5A#L.^,<8\6\DDN349)@S#;%?S;@Y^Y#Z5!DGRV^ M9#"Y"Q9+ZN7.>285HZF)6IG:&.BZ`XX-"7&&B#N=96T,X6L0HF[>)D9LF0V7J$A8E9Y\8=5K#]OBY@F0@1W(,05[]E68SS91V*B2M^%)FYF/Z MU]4O_QF-Z<_(KAX7#0M3_/W7QWF\#G[#K_#?_P-02P,$%`````@`>H,/0\[P M0T1L#```6XX``!4`'`!F2.Y*=DO5P ML48659*2F9Q2,`E:V%"``I"V-;]^&Q1%/?@"]3!A'VR90C>[^P,:W0T0_/3' MR\PSGC`7A-'/9\WSQIF!J&<)'U$$>H_CS&65G?_SW MW_\RX.?3?VHUHT>PY]P8'6;73.JRWXT!FN$;XPY3S)'/^._&5^0%\@K[^W;4 MAW^7M[LQ+L^O'*-64V#V%5.'\2\C,V8V]?WY3;W^_/Q\3MD3>F;\ASBWF1J[ M,0NXC6->O=%]^WNS\?/E@7OG+RY(W$$^7+]H-"_KC8_UYOM)HW%S=773_*#( MWT=^(&+^C9=&]+,D_^01^N-&_GI``AL``14W+X)\/MO0ZOGRG/''^D6CT:S_ M?=\?VU,\0S5")10V/EM122YI=,WKZ^MZ^.VJ::)EJ&YTC\OZ2IR8,WQ+VR>?XBG+.5\4,+8VXW/H$K.Z_+X.&`4S3/T6=;K4)_Y"`L9GH;R@0\APRK'[ M^5@PQ(=8;G67/H<0*70L0DN MMJ4*\=%$O6/`'8QC8U[H5-+:'DV0$?8`#P=&GK\8H@5Z\(I-E4=SQ%XWFS$Z M]IG]H[B3)9H>L_-#U.,3T''(V8P(P?ABP'PL(LT51H`:@Z.)O'V;$;8Q>5*1 MM(CN:`)V\(,_QK[OA7Z@<$Y-;?TZ3N,HSN-D3B1M'':PCX@G!HC+F>JI$/0R M/$XQMLO*JT":)R;$%7;@A7-X'_[?HL`O/F0/V%GQD:(>'BK"9**&S_$T;D2$1D09B;@2TF/VEF">C/,9 MWP8UDBL,YETD'L*(/A"U1X3F$-DW+^K8\\7JBH3_HM9H1H']+]'E[RTA-D3W MT`/VPOM]CQJLOJ]7)Z(,R;(%7'Z[*]X&S"UN&XP[F$.^W6BL&"%N;\&;S(NB M%G41S)9=J48`R!6]"UX^U5"145B*D)OV`NYGQC,FCU,?Y*K4OI&K%3#\P@EU M/64-L)_3,_+)U!"YJ`H1):6U@ZI/T`/QB`_38#O@?&,B3^*3UE:#7A;-CF!W MN,(#[)31J123ZGU"MFH9O;&$<;3KFSLZE,6R)&RG=!S[PJ8[0FGI4A*7[59J M:%SJ@$9V-G@4#))!=%C''K$%\F#`]HDM0[L>QMD6E@0Y[=5L_;Y26Q>H\`9Z M_D:J)M7TD!"04O-RF01JP'W0`;@"I;4# M:4,QI;!5LQ`N`X4W%**%]9XI\\!JHOLS(/XB&X>TMA6*/@1>&*SKA'*%"[U6 MX(?KY(0^9JM11%=]#\L&9:>CJ9E`NTZW46I4ARV7J/H,01DS!>6U`RRIG)Q= MQL&#L#F9A^NVR54-%0>2RZ;Z1$,9U+T,E`)SK>*$W7&(%!9Y0T0+.`6G(5JV'<"3'DS,WS^%N-*IVUGC`-\M+\=8OJ_5>*:1-3S[8^VDTP;29\ MR[UCS!%C\#=YB=5.P^J=:['Y,[33+Z2.O`9][+[,I5?)&0`I32LMKS`7"Q$& MQCV<)W>R9?4#.-/LB0I*NI;:#>=HFR]]-*F/.19^I%@V+-D4U0]P57B*M-8. MIN4S-W(IK.7,""7"7VZA*T2KD+#Z:H@J:(HVT`\[R"7[,/%8=(P\#%'CF`,"/M!^P`, MD$P6D@BKT%8_"ZIKN`MR2@"F:2*^MX[9'5Z[GCI@E*VD7>I;.)_DD%0ZY!2# MESUCEE,.ID(0=OJ7>LA2<>^2SX$P/L)`C"CY)S2%"980&ZX^?DS$DK-F5^VFVD=QMUBEW&\;#=!+UATX(/PB7U(?)?#5(.Y*@W$Q/QTL-VT2^%B M6:.!>PNI:&YY/)-`@\E'&<-,?0N\RZLO*N4_5A^OR%PIKLA(%D;(0Y,5&8!, MR@2)TQ,!P]PNOH#0)HTSC9;MDZ>"W8YE>%2Z5>1_@?`E%#W&6S/&_6@.S-LL MDDFBA<"/V7 M/.$$D@F(V,:8/Q$;"RLJTN2DC.78J'6#W[3L!OMI_%KC?%ED6R\XKI8B,P9R M=G,UB#YJ"5&^9IK.G=*U""DU=!NZ=B=K+Y._M%Y`J@;GM99PJFMY?"^;,BO3H1_(IST:Y**`CD/NIK.EX!3;5.WS"L%5=./P_!PI<=IV&MDPI9TB$GK6BS)TTC3^R?;O><>S M[3,SYO-3A%S/FM*!NK_5KK%]?M(!?6*7D6)GT+NRM)_U7ND,-W^Q=:195F$I MHZTB/OJ6E7)MH-U`W%Y$FJ-%M,_D%M$?%B38#D=NWK'&JO2*L&I=7BIG*QVA M=HF?OS]QLXWR9@2](=O1^?1.<..H(G`"UO(<&[D8@)T>XVWF2=^\?-*K*_>" MR1I69OU6M:$#E5>TX&881"9)(L#][NE\JC6YP#,_F+HH>5K"7X& M9!Z^HB`Z/BC?%Q72:KL#+@?,I(M2-)%V'7D838$P$#MXS@2!V9#*^FQ7R!VG M+1M4$84PEV&B[0:Y$GB7-YI^M;*5$A,6RLMQO)UAU9TW>W(Q^*I\M-V`5Q[_ M' M]D79"]UY:T=F);684-N=>`IHJ>JHZ4R1?KYV ML_(@SX^PW.)1FU*TR"#5=J]=J2!:S4#:C=P,U>,C?`Y(!E-YZ-*+L1UP[*B] M8Z"04-LT,`?&O!Z<;1SM^N]F(53]X8Q\*FVS/'4X50'+PX@W7T2=CWH9?MIF M>_OU@_*F?(UL?3>JW5X-"?]&2R*9>7L9%MJF>0J8EM=6!<97/^PA/K4A4AEY MZ],;8I'C,Q\^R!3

V:[-9@8K7;;^C*8F(,[8VCUS;;9/;'P=PR$ M!>/;F*>\*_OCKJQWEA0-K-WNC@:GE2SME>A)":]W)1QU^P![QQBV1I-O\/M; MZ[9_:B-NC+:$A,U&LJ_>WUL#Z)Y6^\]3RQ6_X`U[@K:Z=Y.C'%W,NF''JM"AY7IN)KO2SHNX]V*UXG?W9#F*3KR M92^>&,A'3^5QPDEUKM0\A_$N8F7$O$ZLSH8W*=8B929<>Y=LV:/Y7?YZ0`+# ME?\#4$L#!!0````(`'J##T,K(';TIP0``%H<```5`!P`9G)M8RTR,#$S,#8S M,%]D968N>&UL550)``/'.0U2QSD-4G5X"P`!!"4.```$.0$``,696W/B-A3' MWSO3[Z#2E_3!V`XAW;!)=X@QC*=@,[:3V3QUA"V")K;$VB*0;U_)P0H7$YLM MICQPD77^^IVCH\L9;K^MX@B\HB3%E-PU]*;6`(@$-,3D^:[QX"E=S["L!D@9 M)"&,*$%W#4(;W_[Z]1?`7[>_*0KH8Q2%'="C@6*1*?T*;!BC#A@@@A+(:/(5 M/,)H(5KH]WMWR'^^#]P1D9`F#ZXEQ6:,S3NJNEPNFX2^PB5- M7M)F0*O)>721!$AJ]=V1\8^N_5A-DJBYFG+B'F2\_5+36ZKV1=6O?$WKM-L= M_;JB/H-LD4I];:6M7^_FMQ$F+QWQ-H$I`GP*2-I9I?BNL>'5LM6DR;-ZJ6FZ M^GTT]((9BJ&"B9B*`#5R*Z%29*??W-RHV=.\ZU[/S-WU&"TUQY'*_&G(I,%F MY[;Z_G"S*_Y$>@,ZQ9TT\V1(`\BRI"LE`@=[B%]*WDT138I^J;3TYBH-&_D\ M9<%.:(1<-`7BDZ>1''5*DSB`\X`FJWPZ%S$BK$M"DS#,WL3<)G'& MRWW(!&<)FMXUIMQ:$6FB7;KO56S9VYROHQ3'\XC'1/UYT'L8B;AZ,X18 M6D96V+D>E#%,>`AFB.$`1D=Q%5J>#%*L2R1F)W6FSEQL3WQ62@/WN54M<`9, M9_V(+H]BVS,Z&9I!28A(BL(^)GRN,(P^QBTCK&)[NACB9X*G/'?X`@P"NN`K MD#R/:80#C,IC6<7X9*@#RM5Y<`*4E&XJ17U/!N*BB,]'R%<>>QO#-SB)RD/U MF]]4";H9`JF#"5=U77?=1"@?JYY6!*2&.(CX3>MSX#<3:2$J-X@I(C M<;=-ZV>%470<8690/Q>AK'LL6FYSUIQ$4[B(V$\G96Z^SX MT8HA?ED-B[&X,)3`K8K`X&)+Z(]:'2@I'"7\U4'X#P5`I^!#`UP\$+@( M,3^WS^?"?GTI/6A7]$!(@$SC;!Y4JC^E(]=B7>(TB&BZ2)#PQ+%[INV9/="W M[*YM6-TA\/RN;XY,V_?JC7VE>E2B_[F+[ED#V^I;1M?V0=MD+*U:)^F47=>`(,AYKPW3M6L$^K5PEX,TNH&L.^9SWP+CK^D_\_:E[ M/ZPYA$4U;0ZH:_MY.AHY-D]-Q_B[[O54L9J5L'K!HGHT7=_B,01CUQE9GN>X M3\!V?-/+@UNK$Z6%KF2_W&7?X>6989C68^W$!VI@R=G:Y>R9]S[P3-\?9EO5 M_[=3'=RQ]*LC=RQ^>*^UZCTRCJJ(I3?M:GL&N%A+`:E5]P%87B]+)PK.OX]] MY3#Z;?9GC?Q+B[?\"U!+`P04````"`!Z@P]#'-PBW)HA``#,NP$`%0`<`&9R M;6,M,C`Q,S`V,S!?;&%B+GAM;%54"0`#QSD-4L`L``00E#@``!#D! M``#576V/XS:2_G[`_0?>[`%)@.FWF4TNF4UVX;;='2$>R[#=,PD.AT`MT=W: MR)(CR3W3^?5'4B_6"TF1LINJ66"3CEU5?DI\1!:+1?+'?WW>!N@)QXD?A3^] MNCJ_?(5PZ$:>'S[\].IN=39:C2WK%4I2)_2<(`KQ3Z_"Z-6__OF?_X'(_W[\ MK[,S=./CP'N')I%[9H6;Z!]H[FSQ.W2+0QP[:13_`WUP@CW])/KU>CDC_YG] MW#OT]OQ;#YV=*1C[@$,OBN^65FGL,4UW[RXN/GWZ=!Y&3\ZG*/XC.7K3V_,H M?KAX+/(=5+&I,Z?04()^E]GA=@9_>CLZLW9VZOSSXGW MJGCX[`G&48"7>(.8F^_2YQUA9^)O=P$%Q3Y[C/&&#R:(XPNJ?Q'B!]+8'OVA M'^@/77U'?^AO^<X4!5W[@+ZRAU@E[@JYK&8<]QOR=^T#/_I,D@@OL]Z8IF'79`/YR1OVK` M\>>4C#[8*Z!36Y(.COT4ZW=SVZ7UR*W9#6AG&<7U)[*)M^X9'72V(,P8X1`>)1,#>!\\#Q MJ_&]*39P814LJ'T)HO5YB)JM7LH@*C1$6X_W<4PQ^HGK!+]A)Q9W!F)14PSH M`EN0020'@A<=X)H4R<51)H^HPJ"=0Q:L?,1!\$L8?0I7V$FB$'M6DNQQS'&W M0]YL.-D!NQY6"H1!D$@%89-)5E),3!U$-<_^H*JHT$69\G"<^A`%^S!UXN<; M/\!Q(O2Z)6>60P*8=>XTA`!QAH],QI52`S&5`>>L65>XQ+LH3OWP(5NE$4^^ M!.*&9[!2T(V)+%<6$'FD`(4<^BI!I4:^M(9R2\.1B7%Y3`;1AR@6IS\:4F:I MPX589TQ-!!!1>+@$:0\FB@K9`7N7:+N-PE4:N7^L'AWR2.Q]RI;-"6O%+X14 MR7!/H^!`H[^1:``BDP),44J-:2*F^AIERJBB/63N)0OHL^G^#?F,-Y!)9$WG M8(1PFWF8EB`()G6A$^9C\GE7GI9A*L.SALX"U3A3D1R&,2VH?+Z48@#9TL36 MQ14V1S\Y4S9.)+%I_U5$TPJX\SE&HZ>H-SKP?8)AE+511M4*F,"FWTOX7^_\$@YRA)<)IT MT+`I9))P?(!5:M4EP)"("ZN5@5ZMINL5#"J,G>11X$OVE/$IQLL0N]I^<^P#/L?"%E^L8??]5X->Z`YD" M&.JHH&QR:D$>C)\D9)J.J`XZZ`!A&NOQI-WA$&.'>,PPRH:T4J$J>4*"ME_; MZ]$,01HN9KYS[PI*J=4=<'T M09J`FY2<6:-K:V:MK>D*C>83M%K;XU]^MF>3Z7+U%9I,;ZRQM0;'U3SSK<[. MEL)`?!0`%S"P(0V1HPC88G"I&\(7S3(=@\@:13^(]]MHN M=L0`2A:&B+DT7.-%8`KJ8'BIC[DUE&<"I.GPMF`:$0F[?D7N0X%P0F?5$")TG\C8\].:^T+)@D M6P_7J@S44`=#2WW,3:XR"V7O=X;B"G?!]'M5-Q6>Q'"TZ^(52.*H,`,&#\91 M^(0)+VG"I9L20FFC*5$YY%J6E"\*AC-R?*TIP$$:A:>DDF"WZ#)Z=@(2`DT"[$+8IQN2/!9;12]3LWO,]*VL25;DK53#[#2N$WI]*B<4!T/7;HSM*1VK M#,^)^N:R#U-_>//Z\NWWK]^\_?Y+8&Q[X*`SW]7^/G%C?T=K`RLU(,J#C]3& ML`.]@GORL5]BP`SSN:?2'=\PPLI18@,E%1T40ROP\3Q6Q>H$"\?WK'#L['P2 M-Y)!KZT9\43"]K!Q?:SFRE":]I^^=^2%R,P487%KBU/%#[$V= M."2==#)RW?UVSU8,)GCCN[YH:J.B:))AZHY4R=:M!89WRE!;&S.R;^DB>*&` MO'U,MZ&FCQAY^`D'T8X5RY.Q^@%()]?NRY4[_:&'7+5Q%59.1HB/GZZKBI/I M=,8P&,3I*J?K3DH)U"`50';D^[@ZL`BGB%:<&?PR2A[K*82%$]LQVYODL1G: M`L=L.ZY2_D&L/%RRI\LA<=)'I`EFO-6"VYD$*J?.$&F9;0D?E7-]I2?25AJ. MAB('Q/1K:@"EG0!F)]U:Z1NXM&,'+NE0KE`8FFYUX%U4RZ1!TZP&495B6;(/ M+KUTEU(&.L!$TX4NMD%,3ZOA5.4=N,QR)?NN&>8I:0ZT-J(3X"FH@2&C.E;Y MF@FPN*YU2%!G4"?5&(AT*N&<1!PBR10#N3JY@$9Q+;>D(9Q0>E!RB8,W@2A< M4DG#-BZA(,5L&@?.J:D,2BOU*@*X<5J/@^:X+#MAA":H$"]/^4GLC;VC]_31 M)5[934)=&L9JQ=6@EP7CK:[!7:V3?H-5H!H46MW&4)(LXV@C+(FH2)NG`@5:E M0N5K6.N`;6!-'MPN[=4*O1\M;ZTY#!KD@U/X,/V\HX-7U\%]$GF3%.F$726, M4!A,+]*%L,DC>S%=CM;6_!9-?UU,YRLHG0HE/TX25B1V@X4A1EO,;%Z:#[*> MB*[+@&&*`!@G%DWV`3N??X.A[#^[=?QP1KI(.UPY`9F+;?(#+4./_6%M=XX? MT[!Y3&9=#T+VZ)LQ.GCU=+(VPFG:@%:\W!-_ZS@P8@*1N;A?RM-B?8?9@L'H M_#C>\,$*4TP>9IKWWX+G(A8WR=`NT%4FBF3!](<=`)N4*L41SD=:&$2ZQ2&) M`.A&]9&W]4-VI6SJ/V$YGSJUC'9\:B[4^CFY"AB2J>%L!?N95G9J5TT/&/E: MT:=JE#IPS*\4Z\.:(HK@\4N32VDT!448*W2C+:;#\PUI(1)K$HQ[`O.0Z12X MKZ)HDE+JCE0YUJTU1$"V[N*>,NQ6'$:3%C=+^SW*YYWV',A\TTX?<9SY13IG MU11&AY+1/DW)@5H')]4`,V0JP6RE-=8_3Y?(FH_M]U-6#?]UGM[X!@;=U*+\ M08-[A9A^D%!>??*H%L@74D4H!8,@$WQ/+"\Q479"_R_6JUHIWB:5&3%.TR"_ M"H:])./`\;?)'*=7@@=RK%&3]#O-`ZBR]3B+8/K#D[C1FF$079H@24I-FB#Q MR$^]4)7"45Z\X:VT'VO16)7#:5POJR".,SM4+(;4:V1(&Q382/K2RQBPU.+%F=^OI!!'*(3:^+:9+ M1(:V]_8+:E:8-DP3M MY5Z5KEH&P)"W#^IN*G^<6K<_TS]&'Z;+T>T4S>_>7Q-6VSK8FF M-;^%P?+*]=;TFMJ;(/K4M0HC5QGH`G(A>,'%XRUY,`Q5`"F]:)PJ(:8%[H)Q M$HA0="P4];!W_7R78,\*R\7RD9OZ3]EI3'(*]C%D.%KLZ6@CI-2T`H;$O:&W MRF%'JY_1SZD*F*Z:K@-KUDMGWX(A3PM2 M:[*"4T2_AM'P(^_?^R1EFP;7T1+3%O'9U=V'2=D!=TKGUTVOMG5";W MD5/^T#MH;^M-%(^V49SFZU^=S[HE/\Q[(X#-)W]#&""#^0A;-*R(T"!W%V-Z MDC6T+;3";XQ_Q'*#TXW#9!RPI&8#.05S/J#)9AQ4G.(_!)&1_V!L:J1;9>J MZ+S00$AKU.KU:?0U8+7J=,JQ]Y-'6G.QL7VZ[^O626;8:6^-.LZ4L<'S2&?+ M8;6G'2@EYB?P0;T$EQ$95VW2;R(_VQ#XX"0H8(9A=*'TY#V'D,C>L-/2B.?FFJ)1$SX;1@IT^[M7*>'0,@.F*^Z"6'8B77827 M73]6W(U'"X&2W-0+]=658_R("W;V^]E9D<2/<130F"3;H$M>8A*PD.^SUYK7 M`1QCS5B/?;S+9:?=W]3@/#X-_CZ,=DNS13^>&7[A#199U?SA@(SBZ`S>WB(:P[ACF"\4-`S?9:.DAO-PW.D M2E"B45W`YG;*"#JGQLY,*QQ'88A=VG=^]--'*_3V+O;&92J3]ZKIVS#6F?5U MK^SD=`W`Z/QZHN[:D(OH]:"E)?2)F"(?,5N5;#>,[I*$$=A_",?[.,:A^[PF M$7+B,-S%3K8E=@+)S0,Z!HP>]:3M6.WP)V5M:%VJ-O+6.5&9`>3F%@BKW47!N]V^B%OS&,9(5CM1 M*95@FFS2$ASNI81*VY'K1OLP[;ZH7DUU6+**G9'SM*T'K3_5P-Q:],X%P5T] MW_;)(E%)2'[-%YZ`UJ$S+/TX\.6\JRC`)UP;;#L"+26@,FR1%1QUG1_4I38L MS_A.R*E6UX'/-BY>SGU^M?*Q+)?(CA?(XL;T1$DAP7P\__UE].P$=)!O'B`D M$C(VHQ8"+*?,+8G!@S,I+!$#XD(0:L=3C,(+YYF.P'19WG7C/7DM#C&B]M@O M-P8C%E-Q6"TZDUDRRMHG'-]'">X7KREX(8S@=IEN5J&1:7])\48B@[%-5WXPH>BHX!F/NL M>;M[^679,`%6DRWV'X^H/NJ"I2S-&R2F.#)`:`D!E!4<5*"VQ M`J;C[0V]Z\@`:_YANH)Z9`!Y\=+G!<'/ZIC_W/L[.MZ,/,^7W<:@HF@X.E!T MI!$9=&B!(:B:!X)/,<6N#C.CN?GF,*J=YLD0CMS5(H@+SCMXQ?+72YB M/W3]G1,4;Y4=SJ,4BZMVE+4,+D6JNE!9F^Q2&9Q3>CC;JY>Y(BH25+2S2U1/=1V=*X.: MQ#PN>?E%Y./%N#OS\:4JN'R\HJ,3/W&SZT^PUWFW[)$VS;BOB*`[*"^P/W;)2FH(0&^OX*A"KR^Q`H;VO:%W+5G=6//1 M?`QTR>H0GF%W'V./Q6=Y]99*4,?3&BR`%KL@#)_;*F`(J893'CK'+U);=QKV M50MR%$\FE*N8Y)T*^"KI9/+0<@8*6-LUG(?P/=K MVAU:E@/(*06/4=571Y-=8E4(I:$ZK!/I@61@!UAA1W=(2($EX^'8N07Y!1R3 M`*(XOBO[`),OV2<*STG'V%"$U7=81&%U2R!)K0U?WNG20ZV+).RN,)@=W/9B M2YW-Q'']^#GV[_P,.OYBG(Z^P>5/?;,#L[_R0P1A M],;J.86CDQ)0LT7'98F^B+4!,6YA&K0P0<]R+]7!)3^9LSCV(Z^YC"Q+'0L4 MC&?VIN%V$;7` M[V^,/NT=>YJKU(E3V2M?0\;-]([6Z'IZ:\WG-,-KW]`+D"U[`O$!OQW@`4]# M::JIADOT>*?SB=J#-7C3[GZWRP[[=(+B8E/2755MH_?OZKE4 MNXI7315,;ZJ'MW5![]UB,9N^G\[7HQF:6*OQS%[=+:?L?NABZ8?TLS?V\OUH M;=ES&(RE?DY\&G2$'KOL:!TM''HX3GY;40=EU=5-C_,Z3C6[1!5=,*S5!,SM M31550PK>(+XD)E+6,45'>AY%VW"@RR*>/D;SHC%"I5T4$7R'PE"CW: MY7H<[];XA>^0^AO_%=>K!-=A0G"3\74>"[9&K414]59:-9:2V':DEI M)4TP#-6"RZ7HFW.TLF[GUHTU'LW79#([MN_F[*BLA3VSQF!V'^YZ?/ MAZEZ%S/E*B;YJ`*^RD*9/!CN*8#D,N[M.;JU*<%(USB>+H&L=%3#V\J54XDZ MW;0LF-UUH.U:?1."LCH8;NICYE+U[^=H.9V1P7J"%J/E^C?RS]]&US,3F;Z. MC,`P2199,F7PMA<`XC;LMS0P>__>GI-8S![_\J*)D-0G4]P%>9Y^DD3Q<[5< M7-2E:&L;3H'HN-3(?ZBH0J&2)EXNT[YC4X`/T^7:(AT'6BSM]]9J92]_0W-[ M/5T5/Y!@QVJ<+DDNI_SIM$(N/4>&I] M>$$JT7U\J_*V8BF!A*+&:-,!MB2+0`X&1>3@N,3X_AQ-IM=KM)JNUUFUT0NQ M03KQ+/XMRZIJ&C#&G%Z.E7S2TH;!LCZ06\5M!QOH8`05VN4?,*9ZUT[B)_:F MX>US]L^N69ZJLLD)GIY#U;F=FN;@1.T%MWTS!U&F:U`+`HM6<:9@[C!?Q'X4 M9Y7Z)!((G"1A;Q,K*_7^O4]2.@!,<.+&/MNH)'@\^F;,[KGLYV1]MZ6>#3#, M[0F\O9&XKDOIS%GU*CIA(!WN78+MS31)_2W!)]JTUA0R24T^P"KQZA)@:,6% MU23-778(=BGV8A.$)QQ$[$AN0L0'G!<8RX=5+4V#TP<=5RJS"16UPG/1 M+$K(;`+'B&F^U-SV4')GA=//[B/!@6^B>(7C)]_-)T7R'DW;A+GY;3_G#C-< M/?W!67<$Z-8LE]539F;H:92%(59;69B"T0/2ZO=1Z-%_T7LRGIR`UJRH]8.* MNJ9W.BB[T]S.T*DX.$?[H&U?+Y$\L@,MV!\5=1B$O''\^(,3[$FX6LY7K#!) MX_WVX*/@L2CJFB2DECM50BHI@B&D#MHF(0_3THH&$#)&,?8?PO$^ID<:U0H$ MR.O'_C/(#B96ZS&/L&>4M,>Z72-R7V-PR'VD!RW"9_9081!53,#@O16ZT1:O MG<]JM!:+&[YS10JZ<=,*5Q8,YSH`MC?=4G%$Y*$$EG/\J9)]CZ.0_.GBRFB@ M1BU],V;/J>KG9/VT*CT;8"C:$S@G4XT;JX$U6R\T=^?M4IK@U/ .[$]/*` M)]$F\![ZQF;M?=PJI^PZRH/3L"_B-O^RC6;,!BJ,H-P**LW`Z%8G>[R.*E[[ M.,G""-%)!3(%DUUE-_!JIRB6'IQWRA`YFVUIYAM%GPC;TJBVP_$$)0_=E<(Z MW9N2VA"5Q8P M1M.'#K#]7K9:!U2+:6$&V%1%7TT/&K3#:_SH!!MVOC_UHM5"4FE8#:,"%6![ MW#I^:+=BRU%(!E6:L]O[R2/YE[VQ_8!\>.LD,WIZ>'NXZFD'5AL>YP3`UBW. M[,S):86DPP\Q6^+ZZ*>/5NCM7>P=1H%6L^H:@-6>/=$#;$A:]F:'%NE,_#AC MYB@A\[KV>R@2A-4P'2@!-D`^U5A&STY`LWI7K2??DH#UR$7P0#YK/W3]G1,L MBBO60K;K^K!'EO/PNU2@M88B7I#-8^HV*F!-IHT<8..Q]Y^@G?DN'1)O,.;< MSBB7A-4L73"AMD'Z7`/=?E.X4@"?O0`BP.=NNO(=5%OU`P^P%>F4+(J7F"@Z MH?\7<]A*\3:AL[&!RF#B<"ECC:^+F'\_-#*!=::%^2?50\XR3G_P$JNE4 MX7(NMZVV$HI+S<$&Y&..6@+5)G*0[6W0]VEE8!QR0#Q9Z0NHYE`#VZ<$QG1; M%>6%[;QM_1O#]YG**B$;@)I/.?MZH,KP1<*P8_B+[. MMQ=)[V$S\^`[GCC,1ZWRC`=ZM"R"?XP"#\<)W;^;LKA@M;\O#P42I,![&0#4 M//UP(7B0B%`32?&UFR;4A)-%6X_ M?,%GGNWIIB2A2\GCB&Z.W=.ZL@Q@8]5<70M0JVB`%>QXSU\B^N3001\=#,"* M(!J59OP&K(F`:BT^,M$-X,4+--"SGD=A5+S+&5LD3UTH#.CY=V-L'_5^T$#% M&Y,K?3-4LY"!LGSMN4U1%8#T^+FX6H^<#MNUO@E$!P2BB/OMX&UY$OB\:*Z' MO0%C^(0RDP2PX0'A`;@H:)9U=1JC4P,#M9SX'*IB M8K+$3N#_A3U>$ZIK`VK+'J#53MO*C*#*1.PU*DP-%^_'M&.8X.S?5E@HZH%M+`%6QP7+M@6=TXJXCKV&BF3C7C??8ZUA^[&<)=`-K M.:#;K^9&L]1D9A8-OQ#:^1#JQS/U(D+=Q)?$``'RGDU/PZ/#06G#M3F97].# MJQ=Q].1[V+M^ODMHI7J9M1V1P.Y)^-ZK:P-JZ1Z@>5D)=MYW803=/Z.OJ1W2 MUM^@0\[[8&N@]BTVNI&P?8)W4>+3/6\T,I\F]-*BD?LGF8WYPO2WACJ@%NZ# MNE7MF=M@5=>%%3J'I7909@A5+0W10``$DF`0`5`!P`9G)M8RTR M,#$S,#8S,%]P&UL550)``/'.0U2QSD-4G5X"P`!!"4.```$.0$``.U= M6W/;.+)^WZKS'WB\+S,/BBT[F9UX)V=+EF27:AQ))2F9G:<43$(R=BA``U"^ M[*\_`*F[2*)!D0+D21X21T9#Z._KQJ71`'[YU\LT])XP%X313V?U=Q=G'J8^ M"PB=?#K[,JPUALU.Y\P3$:(!"AG%G\XH._O7__W/WSSYYY?_K=6\6X+#X-IK M,;_6H6/V3Z^+IOC:N\,4&?]#O/,9K+HAFW,?K^JZ'7QN?JM? M_/GRP,-W+V/9XA:*Y.>7%_6K\XN?S^OO1Q<7UQ\^7-=_`M8?H6@N5O5?O%PL M_B3BOX2$_G&M_GI``GN2`BJN7P3Y=+:AU?/5.\8GYY<7%_7S?W^^'_J/>(IJ MA"HJ?'RVE%*UI,G5/W[\>![_=EETKV2L[N([KLZ7S5G5+']+1'"V!#]&D+,0#_#84_]*VUA] MZYCQJ8]F/N,S:1+3<_7[<\G1?(IIU*!!FT8D>E6$\6G<7JE#7.$CQ^-/9V,I M75/<7_QT=:&^]>\0V>AU)IU#D.DLE)B<%V_H#0H5KL-'C".A:UEJX6J:TD=< M0O"((^*CT*A=J9*E-5(Y&U;LB-ZX-U-]CF1%"UR^5"6-:R+Q>!NR9Z.V[0F5 MUK0FHP&F`@>WA$JN"`K7WZMK(42V/`S)A)*QM!WI@+[/YM(#Z:3/0N(3K,<2 M(EQ:4^^8K%V"XV.N[532RI;6D`$.)1^!]+SHM8]>T4.HARI/ID2KFTX9'4;, M_T-O9'M%RS1^.>N)B-2QS]F4",'X:Y=%6"PT!W@`K(+2FKS]-0/L8_($::E. MKK0&MO!#-,11%,;]@'9,32U]G$ZCE,ZCLDXDS0];.$(D%%W$U4CUI"7=I(XJ M?-NTO0#1O&;..!;2BN)!_%Y^L"6"7R*Y?,#!LB+5UL/GBO)C58V]FK>4 MV/Q1+IF\1-S;E%\T?-GTD/E;K0W5')IQ'6#QFB6OG8T'$7'DKSPK1`\XC*O_ MIF1AHN=%&KM`-I[5"^R_F["G\P`3.;NO7ZH?E"*7M8OZ8D[_=_G1MZ0-`SPA MZJMII-91*2V71=-+[C9TTR`:W/<8#S"7;"WK1-S?,H/]9*_`SQC7"W&DYV6W%EJA@20E)_=(R4?`WO< MQ#;2E)WIA/'/XIU;:22Y+I(K!U[5 MN<1R/$/U M%#9^.4\-NU89DTW?Z5X%82^]FK?:@Y0_KW8HO86@MY`\U)[&2#S$W,Q%;8+0 M+#$J'$9B^`^43"S37&#(A:A M,"YIE9I[@AY(*'M8K`PIGIX_LE#"+-I_SN6L13^&P&NP%BD^?'@QAR4]E30#^\@2JQ%J"&,Y,^ M\!E`Y"2WIC2:,E9^#+LDQIPD9S-?<"-C2^D8(B'(F.!`RYA1)=:BWD5I+`"1 M>]S"R+,8"2^#';?@W\C/A3&1*6`O_EV4%8WNAQ*4D8PX8*\HE`/C/?%5X.T6 MXVS,E4!.>7M1;6/(-9JXY!(FL[D#)FT5Q+:+.@)H M6Z&M2*RCA.A&W<7PQJD$-/I+0XL;'!_IS=]77PCJY*#<51C9T!+`C#1RB;6- MK7\X9;E"4+XJ"UH8\P7`P`VR]C53\];A_$'XG,SBD[G[Y]8@/65N-5!"*XMI M&!-:""?S,?-C,F92/%'+;?NC9B,(X@%%#BV(!!W:1#,2K4^2IP2QL@2@E%<6 M_S"F7*.[&_X[4$?V*`[:B%/9N8B&[\^G\SA8T\)CXI.ZU,PQE:WSJBPS=OF'Q;54XSY5%9HQYAJ)1*NNV\^/2;UQ9 M)_+<&PL,?`\+E!06D'[2X['60;S4ZF,>9YQ#PP/9\K:3 M]`Z,$NB`<9',Y*Q`8QX],D[^N^Z$=23NR]E.ZCN0O"P@W"4M/BYH2-A2QG8F M8"ED;0/@+E$%0JC%SR95&/XN@3)GPW(;\4/S\0TD;#L/[)"0ZFF,;'M'X"## M6JZ0[4RP0SAS>T#;:ZAN-,L4L)WF=3A'+HYCAN=KLU0K,H*Y$]DL>*;60D1$ M<\7K*AKR/C,:LJ[!8V-O78?WPQ>*Y@&177^QF$A&"E5ZBS4WN>F$K.X+/&$Z MSTM169>P>8,;#/>]$/^V\8"\20A;ECQTY!J[>W%6(@0UP&>G2(0CD;'"\.M-(@ M_J$SG2'"E14VY6QQDL>4>4VVSP::,ED4J]-/X5GL`M%)AT98LA0M$,NVAFP) MVT$C4]9UNCOBQ_%[/>H80R.8$AI?2JRNW]82I16T'3`R]E(8$F[0MJ>U=\,6'1L[N[7W%EB`@*-SH?L'3F:*SF.K..`)AWO5+W13F M1">HZCD:Q@=8"B-*_AO3T)&V*S;F[*O7:J0Q*_":(2)3T<51/9OW0^NU?NBR MD)F4@V9%!Y4/:MQE1A3^T$JM'\\TX[D,E5WJQ[N,LN44)0%!VZ/GB%@_EEG( M:;48O/U)]@T>,XZ35TQ]O%K!_N+-8%I^EZZMWN\@S<,D'N M!@GB2TQ:))Q'>>E-6D'KQSD+D0S$PPWO^PV3R:-L5>-)]NT3W)U/'S#OC?=2 M?V(ELJDTK,;Z@<]"Q!;"RKUI4A^`J5*J"B^NX^!4J=*/CZW4,SHV MEB)E=TQ4#>IS]D0DSS>O7R0'';J*LC;\B#PE9QZU2A:IRYWC99EL[H^L!1%S MHQ].LFSRIT";96P?&SL`[_WLAVW%W2"D$?QG+J*XQQNQ`?89]4E\#?IZ`C=B MI3EI-=]F_WB:L1]7";MKAG7+>&.JWOA*8FL0Z]@3L7VHK5*^LDPC`S@W^(VG MEBTLB?!)0@,-8#3K)6VGMAV1;2B,%6TB+)<$ZE:>'KW!CR@(IMVP MH80T,K:SV8Y!'@`&EWQ5:NIC',1QSHW;IU_5UD?N/"Q'RG;ZVA%]%`*?&T07 MZH_+Z(HKBS\>D69[O;#::=S>952F%4=LE`9S(A[5OL2X1U0ZWQT2]QBEY\BI MZ@K79CN-[E@]]X%PGWZ6B#J5JNY'ZHWC`Y!2R=\0YTCB+J><0\R?B(]%;['+ MG;.-9%:-[>2](W8EA0"NJ'/9..DJV]%+[M=,SB7+QC19J`:T)%&XK0*NZH1& MXA$9_!8?,1^PQS;-["2H#Y7BZ,63O[=Q`WXD+9!%=;S#(^YA#!% MUHT.9K_9RQ<,(4\?P*2M9RE:-8-L/-]B=]*1XRB5WY;[0I1&S'H2I55[24'P M+1I*GV.Y0`L`)]ATDM;3,:V:2SJ.#BYU%@V-7RU4FJ:=7E,%4\I9S\L\UF(E M$R/7)PMY#U07F3[DUV?]V0\G)A00S`LG\>9#S"VW8JL M/SKBDI6EHVS3O/+>`XY>M][%S0J69Y2%$G_2P=,<_5T:2!2CC"[&(ENFS!MHU^;8G7Y4<:GTB,7Z<;S*`%R:_J;5ZVT&6@_4;"J+.)9N M-F8(GK[E+-XS5IN[Z@3`/,)\R,;1LP0?,(S`I*%64EG4LC0K,4&KHC2X/B=R M0313[U$OEBM4/4*>OTN9A%3U@N#3:NXR!575I?%^/^BTTURC:-Z^+)368Y]& M-G=`.%*GWS5O1B?4?>6]L=[14P(;&:)0FZ@LME?F[!Z&DQO.#M>[C"4ZG.@* MW]6L<&G^5@(X0'5;1/C)?6\X@-Q-?6"U4-MQ*?A7"I).=Q6K!PU*B.KEU@6E M_P2B>@#,W.!\:S3#_ESV8_%PMMA^!([Y:8)0-H\=SX-0DS/B9V/D!J&;&TOP M,^SY4E`JCQVN,Z<2@L[;FLJ;>W,Q-SYVS.TP-W;7?[,VB.J)D[L#ER;R+\@CEAP6Z$ M61-;R9"!VH)+03<]!F[XM6IG/BMP_%T+7!WL3[.80/GM/'+#J_*9^@9_>N>] M2U&F9=M+8:M-'5BB#N>S67*K%`J7*'2HNJP\(4)_63>T`BC?E<6A"O!MB(X[ M'66+J"&`Y34RB)2!9W8!!\W6%W>XZ$:G)<6L%D* MRDYE,2-CJ-.?/=S4V0TVEK;69=27/ZXWFFB0,EU6FTXA$W..8;YW6,U0UBN+ M*A7TR3+PK/Y.NM6=:`,VCY\52=X9R8@=0`3!%Q!7Z:6E@)]^GYP&L2-2MGU6 MW(2S/4DH:96%>8Y%6@9FE;&VO(=J>U]H$4)61\#6;`D>3S)LS="`&*VWK+ M"$I`^C3%!!HWW&E()I2,B:^.0"5'VF5WTFN/PT[=]W.;:?9 MZ(Z\1K/9^](==;IW7K]WWVEVVM\="A)CR:,`X%%0^9-T*3-PW/"I.R;;*/L" M'W.Z[T(_[[K074]YC!R8FNU!][O#Z!WFGOPY)P&)7M-C[NN,6C?RZE9R^LW!J/?Y=^_-V[NOP\JL/S"->`;5[<*(Y_1AWOT89U3L^6]YKMEJ"K4 M$!'9X_>EGD0(QE]3\_Y6YEM/6;1_;0]&'=GY>_U![W-G..P-?O>ZO5%[N!P5 M_J)FK0$WKY-?!X)@%9RB4YC"XX;/;# M:>5K\C=@\0R5M^EJA1C=64*;X>1&?DZ?$\:3K&8Y#(9(B!B%&/+51:,M+'Q. M9OFOS9K7!'XST%7"BX+G!O5?!.Z-VR(B4SFJY)SQV"T'OE3=5=K2%:\H4:.% MGW#(XEO1Y/`]P8N$/GWGF0SE,&'PO53.46*BI4O.TT:<2C6%]/XX2PL\&&H% MP><,2JF&E_K:1E-6A[1?_$=$)WGB<%^9XQK6`<%BA%[`I&=+`#DM_VQ'69SJP'"#LBY^WM"0,RI_]/%&OP.FTKPFL M"HM.VIIC]530YL-IX?##?_:R&31NU7*^8YUIE/5 MSI334HT/@22MQLY;E$M>"B!NL+>A)MSI4=SWCY;RNHF M1`$B0$H5F)$O?J/^>D`"RT_^'U!+`P04````"`!Z@P]#):XJC4P(``#E.P`` M$0`<`&9R;6,M,C`Q,S`V,S`N>'-D550)``/'.0U2QSD-4G5X"P`!!"4.```$ M.0$``.U;ZW/B.!+_?%=U_X..3[-U18S#)#MAD]TB/+*N(4!A,H_[LB5L`;H8 MR2/)">Q??RT_>-H.,,F6:YE\2(S4W>K^=:O57;BH7-Y#V"?"7"X>!M92V%0IOV88 MS\_/9XP_X6,:M& MY8-AOA]6*K6+BYIYN:=\A54@E_(K\TK\LQ_[/97.DOD_W_B%_'D^H%\F/?8A M^'WTQ9(]W*@W<,]=_/=V\9$\SN6=:8[=1\P6#_Y3?_(_:@OWZO/XLS-T/D9+ M7DMG2F88@7^9O"FMH?=-B8IQ7*J;QY;YCAW2EB+`V]RA[3",WKZZNC'`V M(=VA#-&,15<-/3W"DBPEPRS-H:=,*LR<#7I7+1G6B2^,:'*#E*:27D:D-"%U MR1:=),[9A#\9,`'TYGFY8I:K9D(>R/($8W_),L9R%(J.)])9!/>(3.4)9U*8 M&&5E@ MLG$P8QSV%V20>$2/^3Z%#00#_[C6D5;3R`Y!?Z0?(&]DBM?S!FS`0.M:9VZ+ M*:H6>C>*6;A("5'WII1+H9<%)<*%73*FC(;:P7XW41DEK.N/F+DHDH/6!%T; MVR+6!`>2N#WV:_CL"R)!3,C4@8&8,2;)8'*PYP3>83PK55)9XH$$[&/AO\6> MWNKVE!`E([PWA[(!/@=4=;8E,<(-SES"0$$42T"1B!_0`@A]+,"T*5$4%$[! M>7,^&_3JGJ"C=QL2?SI5)RRQDKUQS]=5$2P8!WK&7#;X[S/!7XE"?(Q6PM"[ M!X8#ERKB_G`!P-S`#H8:QG%X`,4'F_2Y1QU*DHV02Y+M@9^W/6!;=UVK;37JW2&J-QJ] MA^[0ZMZA?J]C-:S6R;K@C@.>$.4.$7%5N3&2#?"';8#O>AI/"/1&:]`]53@' M!-0B+I08:M''"SSRDD!.GXV/IXLE>R)"48C(ON`S*B47BRY71,9Q MNCP*7R#+QMU,.0\_M09#"V(8]0>]>\NV>X.OJ-L;MNPDN$_5'YOH#HA#Z-/* M#9FSV>B?;Z._A3CDED;+^G3*F#?)2-E$J>CU4/QZ97,L&]_J-K[-UNT0V:WA ML!/6=Z<*:F[M=D"9]W*Y9[X_L-Q#[Q*A)WOY22M(FD1AZLDN%OJ:_D2R2Y<= MRFS?7.Q7RJ!WL4RT%'JROEFK9M)=DD>0[8F4:^FJ_/E[XZ]_Z5;/@(Q1V"*J MZ4["34G2F:^/UFAL*LCXIC0&CY235_Q_@&EG\YF7D&C1.2VBT'W;:,0+)R*P M<':D[+2P0`CW=;U%I)$HGPA05&GV_MHR2*\#R=1X#9,]/#K49&`AWAO:VM'R M7]5(B+Y#C=P*V#-G*%%*H]^**^8]UT_MR>=MWXJHT$\)9.1[]1FMY]\O#JAK"/TV:.5 MOD^DK'-V(T8=*ETB)NQXX.PTSJ!B)NLD>9-:(`*7`EL129 M:2H`(@#!5`6:\D[PP$\(*9#DF3C@"^R!SAWJZ,Y"FY#E:Y;(KCR"%Y6/,I5* MID91[_.FY`CB4K5I$E204/&)Q2L8E=XQW/;82U2%\Y5^!<#%@$!48T;_#)?2 M8N4=IJS#I>RQU1L"L$E-B6AXF,YDEZCS9:!^KY0#8-ARNTM&;^CUUMS7$2K[ MF$+]?4NFV!OWQG`W\3%;)-:_1%14X[1S-AVC_:B3S5R_G`BHG,(?O)65`W#87#>[IUP0BS%U@)#@=YB.S M$U"^2T)1`R7:P1;$,Q61I^M2AE\:BHS.F2^J218#-Q"IXKUKL09GC#A:SF>J MIA9S`X>X44=`ANI%IA[!5U0(X'(-#G/#PUC?7LS$QK2)HAH1*;G8*";D1IV1 M,EE48_IPJ#O4QQZ40U$1P<+VTWJ')''1'I3%-9,[A+BR+?C,QAX)S\JUK!G^ MC5/GRN"#>(IJ^IK2RT-AP`.FO^IO3[%8Q>Y>E,=6CR'_&YD39X^D*,JS9Y>T MN'Y+$GIOG-8L&/*-?GUB\F%,A2V+PM0RY"G?$-N^_^Q#6;@[4*KKCG1,I&#T MGP0U1>;JUM,1_UH1F//EA&&RV&;X[H#J6&38>SE8$8_=IZ&_'[F$\A0O=G(;YMJ5[D1;5P*AVW7GOM%UH MYI#]=57SM1%U$^#Q_U!+`0(>`Q0````(`'J##T-+`Q0````(`'J##T/.\$-$;`P``%N.```5`!@````` M``$```"D@30E``!F`L` M`00E#@``!#D!``!02P$"'@,4````"`!Z@P]#*R!V]*<$``!:'```%0`8```` M```!````I('O,0``9G)M8RTR,#$S,#8S,%]D968N>&UL550%``/'.0U2=7@+ M``$$)0X```0Y`0``4$L!`AX#%`````@`>H,/0QS<(MR:(0``S+L!`!4`&``` M`````0```*2!Y38``&9R;6,M,C`Q,S`V,S!?;&%B+GAM;%54!0`#QSD-4G5X M"P`!!"4.```$.0$``%!+`0(>`Q0````(`'J##T/](J*9>10``$DF`0`5`!@` M``````$```"D@`L``00E#@``!#D!``!02P$"'@,4````"`!Z@P]#):XJC4P(``#E.P``$0`8 M```````!````I(&6;0``9G)M8RTR,#$S,#8S,"YX`L` A`00E#@``!#D!``!02P4&``````8`!@`:`@``+78````` ` end XML 18 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED FINANCIAL STATEMENTS
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Note 1. CONDENSED FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2013, and for all periods presented herein, have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2012 audited financial statements.  The results of operations for the periods ended June 30, 2013 and 2012 are not necessarily indicative of the operating results for the full years.

XML 19 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOING CONCERN
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Note 3. GOING CONCERN

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

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

 

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

XML 20 R11.xml IDEA: CONVERTIBLE PROMISSORY NOTES PAYABLE 2.4.0.80011 - Disclosure - CONVERTIBLE PROMISSORY NOTES PAYABLEtruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001102709duration2013-01-01T00:00:002013-06-30T00:00:001true 1FRMC_NotesToFinancialStatementsAbstractFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2FRMC_ConvertiblePromissoryNotesPayableTextBlockFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During April and May, 2013 the Company issued convertible promissory notes in the amount of $15,000 to two unrelated third parties. The notes mature on December 31, 2014.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On June 3, 2013, The Company issued convertible promissory notes in the amounts of $15,000 and $5,000 to an unrelated third party. The notes mature on December 31, 2015</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The convertible promissory notes are non-interest bearing until maturity and bear interest at 3% per annum thereafter. The convertible promissory notes will become due and payable if the Company receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory notes are convertible into common shares of the Company either in whole or in part at the option of the creditor, at terms set by the Company.</font></p>falsefalsefalsenonnum:textBlockItemTypenaConvertible promissory notes payable.No definition available.false0falseCONVERTIBLE PROMISSORY NOTES PAYABLEUnKnownUnKnownUnKnownUnKnowntruefalsefalseNoteshttp://formcapcorp.com/role/ConvertiblePromissoryNotesPayable12 XML 21 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONVERTIBLE PROMISSORY NOTES PAYABLE
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Note 6. CONVERTIBLE PROMISSORY NOTES PAYABLE

During April and May, 2013 the Company issued convertible promissory notes in the amount of $15,000 to two unrelated third parties. The notes mature on December 31, 2014.

 

On June 3, 2013, The Company issued convertible promissory notes in the amounts of $15,000 and $5,000 to an unrelated third party. The notes mature on December 31, 2015

 

The convertible promissory notes are non-interest bearing until maturity and bear interest at 3% per annum thereafter. The convertible promissory notes will become due and payable if the Company receives financing totalling $5,000,000 in aggregate prior to the maturity date. The promissory notes are convertible into common shares of the Company either in whole or in part at the option of the creditor, at terms set by the Company.

XML 22 R14.xml IDEA: SIGNIFICANT ACCOUNTING POLICIES (Policies) 2.4.0.80014 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Policies)truefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001102709duration2013-01-01T00:00:002013-06-30T00:00:001true 1FRMC_SignificantAccountingPoliciesPoliciesAbstractFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 2us-gaap_BasisOfAccountingPolicyPolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are stated in US dollars. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may differ from these estimates.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).No definition available.false03false 2us-gaap_PriorPeriodReclassificationAdjustmentDescriptionus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Certain amounts in the condensed financial statements have been reclassified to conform to the presentation adopted in the June 30, 2013 financial statements.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for reclassifications that affects the comparability of the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755 false04false 2us-gaap_UseOfEstimatesus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America 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 reportable amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6143-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6132-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6061-108592 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-6 -Paragraph 11, 14 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false05false 2FRMC_DevelopmentStageCompanyPolicyTextBlockFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company is considered to be in the development stage as defined in Accounting Standards Codification (ASC) 915 &#147;Development Stage Entities.&#148;&#160; The Company is devoting substantially all of its efforts to development of business plans.</font></p>falsefalsefalsenonnum:textBlockItemTypenaCustom Element.No definition available.false06false 2us-gaap_EarningsPerSharePolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share is calculated by dividing the Company&#146;s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company&#146;s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There were no dilutive or potentially dilutive instruments outstanding as of June 30, 2013 and December 31, 2012.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2144384 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 6, 8-16, 60 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false07false 2FRMC_StockIssuedInExchangeForServicesPolicyTextBlockFRMC_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The valuation of common stock issued in exchange for services is valued at an estimated fair market value as determined by the most readily determinable value of either the stock or services exchanged. Values of the stock are based upon other sales and issuances of the Company&#146;s common stock within the same general time period.</font></p>falsefalsefalsenonnum:textBlockItemTypenaCustom Element.No definition available.false08false 2us-gaap_CashAndCashEquivalentsPolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Cash equivalents are comprised of certain highly liquid investments with original maturities of three months or less when purchased.&#160;&#160;The Company maintains its cash in bank deposit accounts which at times may exceed federally insured limits of $250,000.&#160;&#160;The Company has not experienced any losses related to this concentration of risk. Deposits did not exceed insured limits during six months ended June 30, 2013 and the year ended December 31, 2012.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4273-108586 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 305 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2122427 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Financial Reporting Release (FRR) -Number 203 -Paragraph 02-03 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Technical Practice Aid (TPA) -Number 2110 -Paragraph 6 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 8, 9, 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false09false 2us-gaap_FairValueOfFinancialInstrumentsPolicyus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">For accounts receivable, accounts payable, accrued liabilities, current portion of long-term debt and long-term debt, the carrying amounts of these financial instruments approximates their fair value.&#160;&#160;Unless otherwise noted, it is management&#146;s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for determining the fair value of financial instruments.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2155942 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 8, 10, 12, 13, 14 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false010false 2us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company translates foreign currency transactions and balances to its reporting currency, United States Dollars, in accordance with ASC 830 &#147;Foreign Currency Matters&#148;. Monetary assets and liabilities are translated into the functional currency at the exchange rate in effect at the end of the year. Non-monetary assets and liabilities are translated at the exchange rate prevailing when the assets were acquired or the liabilities assumed. Revenue and expenses are translated at the rate approximating the rate of exchange on the transaction date. All exchange gains and losses are included in the determination of net loss for the year.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2175856 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2175826 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2175892 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 52 -Paragraph 5, 7-20, 80 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false011false 2us-gaap_IncomeTaxPolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company applies ASC 740, which requires the asset and liability method of accounting for income taxes. &#160;The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years. Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company adopted ASC 740, at the beginning of fiscal year 2008. This interpretation requires recognition and measurement of uncertain tax positions using a &#147;more-likely-than-not&#148; approach, requiring the recognition and measurement of uncertain tax positions. The adoption of ASC 740 had no material impact on the Company&#146;s financial statements.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 4 -Paragraph 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 45 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=21917399&loc=d3e32247-109318 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32840-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2144749 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 954 -SubTopic 740 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2144681 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32809-109319 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=21917399&loc=d3e32280-109318 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 6-34, 43, 47, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false012false 2us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification&#153; (&#147;ASC&#148;) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.&#160;&#160;Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future consolidated financial statements.</font></p>falsefalsefalsenonnum:textBlockItemTypenaDisclosure of the adoption of new accounting pronouncements that may impact the entity's financial reporting.No definition available.false0falseSIGNIFICANT ACCOUNTING POLICIES (Policies)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://formcapcorp.com/role/SignificantAccountingPoliciesPolicies112 XML 23 R2.xml IDEA: Condensed Balance Sheets 2.4.0.80002 - Statement - Condensed Balance Sheetstruefalsefalse1false USDfalsefalse$AsOf2013-06-30http://www.sec.gov/CIK0001102709instant2013-06-30T00:00:000001-01-01T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$2false USDfalsefalse$AsOf2012-12-31http://www.sec.gov/CIK0001102709instant2012-12-31T00:00:000001-01-01T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$1true 2us-gaap_AssetsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 3us-gaap_Cashus-gaap_truedebitinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse420420USD$falsetruefalse2truefalsefalse4848USD$falsetruefalsexbrli:monetaryItemTypemonetaryAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 false23false 3us-gaap_AccountsAndNotesReceivableNetus-gaap_truedebitinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse1119411194falsefalsefalse2falsefalsefalse00&nbsp;&nbsp;falsefalsefalsexbrli:monetaryItemTypemonetaryCarrying amount as of the balance sheet date, net of allowance for doubtful accounts, of account and note receivables due from other than related parties.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3-4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false24false 3us-gaap_Assetsus-gaap_truedebitinstantfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truefalsefalse1161411614falsefalsefalse2truefalsefalse4848falsefalsefalsexbrli:monetaryItemTypemonetarySum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 6 -Paragraph 25 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. true25true 2us-gaap_LiabilitiesCurrentAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse06false 3us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentus-gaap_truecreditinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse4132241322falsefalsefalse2truefalsefalse3483734837falsefalsefalsexbrli:monetaryItemTypemonetarySum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 false27false 3us-gaap_AccountsPayableCurrentus-gaap_truecreditinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse2310723107falsefalsefalse2truefalsefalse398107398107falsefalsefalsexbrli:monetaryItemTypemonetaryCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 false28false 3us-gaap_NotesPayableRelatedPartiesClassifiedCurrentus-gaap_truecreditinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse111500111500falsefalsefalse2truefalsefalse161500161500falsefalsefalsexbrli:monetaryItemTypemonetaryThe amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)(1)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Subparagraph 1 -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 2 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)(5)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false29false 3us-gaap_NotesPayableus-gaap_truecreditinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse7865378653falsefalsefalse2truefalsefalse7865378653falsefalsefalsexbrli:monetaryItemTypemonetaryIncluding the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13, 16 -Article 9 false210false 3us-gaap_ConvertibleNotesPayableus-gaap_truecreditinstantfalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse3496734967falsefalsefalse2falsefalsefalse00&nbsp;&nbsp;falsefalsefalsexbrli:monetaryItemTypemonetaryIncluding the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -T