2. Summary of Significant Accounting Policies: Financial Instruments (Policies)

6 Months Ended

Jun. 30, 2014

Policies

Financial Instruments

Financial instruments

The Company uses the following methods and assumptions to estimate the fair value of each class of financial instruments for which it is practicable to estimate such values:

Cash - the carrying amount approximates fair value because the amounts consist of cash held at a bank.

Accounts payable and accrued liabilities and loans payable - the carrying amount approximates fair value due to the short-term nature of the obligations.

The estimated fair values of the Company's financial instruments as of June 30, 2014 and December 31, 2013 follows:

	June 30, 2014		December 31, 2013
	Carrying Amount	Fair Value	Carrying Amount	Fair Value
Cash	$1,640	$1,640	$321	$321
Accounts payable and accrued liabilities	1,076,064	1,076,064	1,056,941	1,056,941
Loans payable to stockholders Loans payable to related party	683,692 34,867	683,692 34,867	666,511 34,950	666,511 34,950
Loans payable Amounts due to related parties	144,372 493,716	144,372 493,716	144,402 493,534	144,402 493,534

The following table presents information about the assets that are measured at fair value on a recurring basis as of June 30, 2014, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and included situations where there is little, if any, market activity for the asset:

	June 30, 2014		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash	$	1,640	$	1,640	$	-	$	-

The fair value of cash is determined through market, observable and corroborated sources.