2.4.0.8007 - Disclosure - NOTE A - BUSINESS AND ACCOUNTING POLICIEStruefalsefalse1falsefalsefalseContext_FYE__30-Jun-2013http://www.sec.gov/CIK0001403433duration2012-07-01T00:00:002013-06-30T00:00:001true1us-gaap_AccountingPoliciesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_SignificantAccountingPoliciesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: bold 10pt/normal 'times new roman', times, serif; width: 49px; text-align: justify;" nowrap="nowrap">NOTE A </td><td style="font: bold 10pt/normal 'times new roman', times, serif; width: 14px; text-align: center;" nowrap="nowrap"> -  </td><td style="font: bold 10pt/normal 'times new roman', times, serif; width: 1504px; text-align: justify;">BUSINESS AND ACCOUNTING POLICIES –</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Business:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">Osler Incorporated (“Osler”) was incorporated in the State of Nevada on July 30, 2004.  The Company’s office is in Fort Lauderdale, Florida.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">“Osler” is a “shell company” as defined by the Securities and Exchange Commission to be an entity with “no or nominal operations, and with no or nominal assets or assets consisting of solely cash and cash equivalents”.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">The Company is in the process of raising capital and seeking potential merger candidates.  Accordingly, the Company is classified as a “development stage company”.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Going Concern:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">The Company has suffered recurring losses from operations and has had no operating revenues. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is presently seeking to raise additional capital through private borrowings, sale of equity securities, and/or merger with an operating company. The accompanying financial statements have been prepared on the basis of a going concern, and do not reflect any adjustments from an alternative assumption.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times,
serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Estimates:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period.  Actual results may differ from the estimates and assumptions used in preparing the financial statements.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Fair Values of Financial Instruments:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">The carrying amounts of the Company’s financial instruments at June 30, 2013 and June 30, 2012, approximate fair value.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px 0px 0px 63pt; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"> </p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: bold 10pt/normal 'times new roman', times, serif; width: 46px;" nowrap="nowrap"></td><td style="font: bold 10pt/normal 'times new roman', times, serif; width: 16px; text-align: center;" nowrap="nowrap"></td><td style="font: bold 10pt/normal 'times new roman', times, serif; width: 1505px; text-align: justify;" nowrap="nowrap"></td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Income Taxes:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">Income taxes are determined based upon income and expenses recorded for financial reporting purposes. Deferred taxes are recorded for estimated future tax effects of differences between the bases of assets and liabilities for financial reporting and income tax purposes giving consideration to enacted tax laws.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">The Company recognizes the tax benefits from uncertain positions
only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management does not believe there were any uncertain tax positions taken by the Company.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Earnings Per Share:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">Basic earnings (loss) per share are computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding during the period.  Diluted earnings (loss) per share are similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. There were no potentially dilutive common shares outstanding during the periods presented.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: bold 10pt/normal 'times new roman', times, serif; text-align: justify;">Recent Accounting Pronouncements:</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top;"><td style="font: 10pt/normal 'times new roman', times, serif;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: center;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-left: 17.3pt;">Management does not believe that recently issued accounting standards could have a material impact on the accompanying financial statements.</td></tr></table>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for all significant accounting policies of the reporting entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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