Note 2: Summary of Significant Accounting Policies: G) Financial Instruments (Policies)

9 Months Ended

Sep. 30, 2016

Policies

G) 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 September 30, 2016 and December 31, 2015 follows:

	September 30, 2016		December 31, 2015
	Carrying Amount	Fair Value	Carrying Amount	Fair Value
Cash	$10,456	$10,456	$53	$53
Accounts payable and accrued liabilities	1,069,084	1,069,084	1,018,963	1,018,963
Convertible loan	50,000	50,000	-	-
Loans payable to stockholders Loans payable to related party	631,084 30,042	631,084 30,042	619,671 28,941	619,671 28,941
Loans payable Amounts due to related parties	147,624 447,301	147,624 447,301	147,225 434,330	147,225 434,330

The following table presents information about the assets that are measured at fair value on a recurring basis as of September 30, 2016, 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:

	September 30, 2016		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash	$	10,456	$	10,456	$	—	$	—

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