0001393905-12-000327.txt : 20120626 0001393905-12-000327.hdr.sgml : 20120626 20120625181732 ACCESSION NUMBER: 0001393905-12-000327 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20120626 DATE AS OF CHANGE: 20120625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Crown Alliance Capital Ltd CENTRAL INDEX KEY: 0001487439 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 0304 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-169346 FILM NUMBER: 12925664 BUSINESS ADDRESS: STREET 1: 3601 HIGHWAY 7 EAST SUITE # 203 CITY: MARKHAM STATE: A6 ZIP: L3R 0M3 BUSINESS PHONE: (905) 604-8877 MAIL ADDRESS: STREET 1: 3601 HIGHWAY 7 EAST SUITE # 203 CITY: MARKHAM STATE: A6 ZIP: L3R 0M3 FORMER COMPANY: FORMER CONFORMED NAME: Kinetic Resources Corp. DATE OF NAME CHANGE: 20100317 10-Q/A 1 kntc_10qa.htm AMENDED QUARTERLY REPORT 10QA



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 10-Q/A

Amendment No. 1


[X]

Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

 

For the quarterly period ended: September 30, 2011

 

 

[  ]

Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934

 

 

 

For the transition period from __________ to__________

 

 

 

Commission File Number: 333-169346


Kinetic Resources Corp.

(Exact name of registrant as specified in its charter)


Nevada

27-2089124

(State or other jurisdiction of incorporation or organization)

(IRS Employer Identification No.)


3601 Highway 7 East Suite # 203

Markham, ON L3R 0M3, Canada

(Address of principal executive offices)


(905) 604-8873

(Registrant’s telephone number)


___________________________

(Former name, former address and former fiscal year, if changed since last report)


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 [X] Yes [  ] No


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 [X] No


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.


[   ] Large accelerated filer Accelerated filer

[   ] Non-accelerated filer

[X] Smaller reporting company

 


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [X] Yes [   ] No


State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 3,261,000 as of November 10, 2011.




 






 

EXPLANATORY NOTE

This Amendment No.1 to the Quarterly Report on form 10-Q/A amends the Quarterly Report on Form 10-Q of Crown Alliance Capital Ltd. (the “Company”) for the quarter ended September 30, 2011, that was originally filed with the U.S. Securities and Exchange commission on November 14, 2011.  The purpose of the Amendment is to disclose the Company’s restated financial statements.  Upon completion of our March 31, 2012 financial statements, accounting errors were discovered that required the restatement of amounts previously reported. Additionally, it was determined that the sale of our subsidiary KRC Exploration LLC was accounted for incorrectly.  Under the terms of the Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”) (1), amounts included in accounts payable before the execution of the Agreement should have been assumed by our subsidiary.

(1)The agreement was filed as Exhibit 10.1 to our Current Report on Form 8-K filed on September 6, 2011.

 

 

 

 

 

 





 







TABLE OF CONTENTS

 

Page

 

 

PART I – FINANCIAL INFORMATION

 

 

 

Item 1:  Financial Statements

3

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

5

Item 3:  Quantitative and Qualitative Disclosures About Market Risk

 6

Item 4:  Controls and Procedures

 6

 

 

PART II – OTHER INFORMATION

 

 

 

Item 1:  Legal Proceedings

 8

Item 1A:  Risk Factors

 8

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

 8

Item 3:  Defaults Upon Senior Securities

 8

Item 4:  (Removed and Reserved)

 8

Item 5:  Other Information

 8

Item 6:  Exhibits

 8




















3






PART I - FINANCIAL INFORMATION


Item 1. Financial Statements


Our financial statements included in this Form 10-Q are as follows:


F-1         

Balance Sheets as of September 30, 2011 (unaudited) and June 30, 2011 (derived from audited financial information);

                       

 

F-2          

Statements of Operations for the three months ended September 30, 2011 and 2010, and from inception on March 4, 2010 through September 30, 2011 (unaudited);

 

 

F-3        Statement of Stockholders' Equity (Deficit) for the period from inception (March 4, 2010) to September 30, 2011
   

F-4        

Statements of Cash Flows for the three months ended September 30, 2011 and 2010, and from inception on March 4, 2010 through September 30, 2011 (unaudited);

 

 

F-5         

Notes to Financial Statements.


These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included.  Operating results for the interim period ended September 30, 2011 are not necessarily indicative of the results that can be expected for the full year.















 

4
















KINETIC RESOURCES CORP.

(A Development Stage Company)

 

FINANCIAL STATEMENTS

September 30, 2011

(Stated in US Dollars)

(Unaudited)


 

 

 

 


 









5







KINETIC RESOURCES CORP.

(A Development Stage Company)

BALANCE SHEETS

(Stated in US Dollars)

(Unaudited)


 

September 30

June 30

 

2011

2011

 

(Unaudited)

(Audited)

ASSET

 

 

 

 

 

Current

 

 

   Cash

$  413

$  5,958

 

 

 

Total current assets

413

5,958

 

 

 

Total assets

$  413

$  5,958

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

Current

 

 

   Accounts payable

$  14,654

$  2,612

 

 

 

Total current liabilities

14,654

2,612

 

 

 

Long term liabilities

 

 

    Accrued interest

-

655

    Notes payable, related party - Note 4

-

50,000

 

 

 

Total long term liabilities

-

50,655

 

 

 

Total liabilities

14,654

53,267

 

 

 

STOCKHOLDERS’ DEFICIT

 

 

 

 

 

Preferred stock, $0.001 par value

 

 

10,000,000 shares authorized, none outstanding

-

-

Common stock, $0.001 par value - Notes 4 and 8

 

 

90,000,000 shares authorized

 

 

3,550,000 shares issued and outstanding

3,550

3,550

Additional paid in capital

107,910

26,228

Deficit accumulated during the development stage

(125,701)

(75,798)

 

 

 

Total stockholders’ deficit

(14,241)

(47,309)

 

 

 

Total liabilities and stockholders’ deficit

$  413

$  5,958



SEE ACCOMPANYING NOTES.



F-1







KINETIC RESOURCES CORP.

(A Development Stage Company)

INTERIM STATEMENTS OF OPERATIONS

(Stated in US Dollars)

(Unaudited)



 

 

From

 

 

inception

 

 

(March 4 2010)

 

Three Months Ended

to

 

September 30,

September 30,

 

2011

2010

2011

 

 

 

 

Expenses

 

 

 

 

 

 

 

  Audit and accounting fees

$  7,608

$  7,360

$  24,978

  Bank charges

93

273

623

  Foreign exchange gain

2

(3)

(1)

  Legal fees

27,583

4,143

65,993

  Management fees

-

-

500

  Mineral property option costs

4,000

4,000

8,000

  Mineral property exploration costs

-

2,500

2,500

  Office expenses

1,000

1,600

7,606

  Rent

5,189

-

5,189

  Transfer and filing fees

3,830

94

8384

 

 

 

 

Operating loss

(49,305)

(19,967)

(123,772)

 

 

 

 

  Interest expense - Note 4

(598)

-

(1,929)

 

(598)

-

(1,929)

 

 

 

 

Net loss

$  (49,903)

$  (19,967)

$  (125,701)

 

 

 

 

 

 

 

 

Basic loss per share

$  (0.01)

$  (0.01)

 

 

 

 

 

Weighted average number of shares outstanding - basic

3,550,000

3,550,000

 



 

SEE ACCOMPANYING NOTES.



F-2






KINETIC RESOURCES CORP

(A Development Stage Company)

STATEMENT OF STOCKHOLDERS EQUITY (DEFICIT)

for the period from inception (March 4, 2010) to September 30, 2011

(Stated in US Dollars)

(Unaudited)


 

 

 

 

 

 

Deficit

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Additional

During the

 

 

 

(Note 6)

Paid In

Development

 

 

Preferred Shares

Common Shares

Capital

Stage

Total

 

Number

Amount

Number

Amount

 

 

 

Balance, inception (March 4, 2010)

-

$ -

-

$ -

$ -

$ -

$ -

 

 

 

 

 

 

 

 

Capital stock issued to founder for cash:

-

-

2,000,000

2,000

13,558

-

15,558

Capital stock issued for cash, net of commission

-

-

1,550,000

1,550

10,705

-

12,255

Net loss for the period

-

-

-

-

-

(7,077)

(7,077)

 

 

 

 

 

 

 

 

Balance, June 30, 2010

-

-

3,550,000

3,550

24,263

(7,077)

20,736

 

 

 

 

 

 

 

 

Capital contribution by president - Note 6

-

-

-

-

676

-

676

Net loss for the period

-

-

-

-

-

(68,721)

(68,721)

 

 

 

 

 

 

 

 

Balance, June 30, 2011

-

-

3,550,000

3,550

24,939

(75,798)

(47,309)

 

 

 

 

 

 

 

 

Capital contribution - Sale of subsidiary- Note 4

 

 

 

 

82,745

 

61,027

Capital contribution by president - Note 6

-

-

-

-

226

-

226

Net loss for the period

-

-

-

-

-

(49,903)

(49,903)

 

 

 

 

 

 

 

 

Balance, September 30, 2011

-

-

3,550,000

$ 3,550

$ 107,910

$ (125,701)

$ (14,241)




 

SEE ACCOMPANYING NOTES.



F-3







 

KINETIC RESOURCES CORP.

(A Development Stage Company)

INTERIM STATEMENTS OF CASH FLOWS

(Stated in US Dollars)

(Unaudited)


 

 

 

From

 

 

 

inception

 

 

 

(March 4 2010)

 

Three Months Ended

to

 

September 30,

September 30,

 

2011

2010

2011

 

 

 

 

Cash Flows Used in Operating Activities

 

 

 

  Net loss

$  (49,903)

$  (19,967)

$  (125,701)

 

 

 

 

Adjustments to reconcile net loss to net cash used by operating activities:

 

 

 

  Non cash interest expense - capital contribution

226

-

902

 

 

 

 

  Changes in operating assets and liabilities:

 

 

 

  Accrued interest

372

-

1,027

  Accounts payable and accrued liabilities

33,760

1,068

36,372

 

 

 

 

Net cash used in operating activities

(15,545)

(18,899)

(87,400)

 

 

 

 

Cash Flows from Financing Activities

 

 

 

  Proceeds from capital stock issued

-

-

27,813

  Due to related party

-

(500)

-

  Proceeds from notes payable, related party

10,000

15,000

60,000

 

 

 

 

Net cash provided by financing activities

10,000

14,500

87,813

 

 

 

 

Increase (decrease) in cash during the period

(5,545)

(4,399)

413

 

 

 

 

Cash, beginning of the period

5,958

27,841

-

 

 

 

 

Cash, end of the period

$  413

$  23,442

$  413

 

 

 

 

Supplemental information

 

 

 

 

 

 

 

Interest and taxes paid in cash

$  -

$  -

$  -

 

 

 

 

Non-cash activities

 

 

 

Accounts payable assumed with sale of subsidiary

$  21,718

$  -

$  21,718

Accounts payable and accrued interest, related party assumed with sale of subsidiary

$  61,027

$  -

$  61,027


 

SEE ACCOMPANYING NOTES.




F-4




KINETIC RESOURCES CORP.

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

September 30, 2011

(Stated in US Dollars)

(Unaudited)


Note 1

Basis of Presentation


While the information presented in the accompanying September 30, 2011 interim financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim period presented in accordance with the accounting principles generally accepted in the United States of America.  In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature.  These interim consolidated financial statements should be read in conjunction with the Company’s June 30, 2011 audited financial statements (notes thereto) included in the Company’s Annual Report on Form 10-K.


Operating results for the three months ended September 30, 2011 are not necessarily indicative of the results that can be expected for the year ending June 30, 2012.


Restatement

Upon completion of the Companys March 31, 2012 financial statements, accounting errors were discovered that required the restatement of amounts previously reported. Additionally, it was determined that the sale of our subsidiary KRC Exploration LLC was accounted for incorrectly.  Under the terms of the Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the Agreement), amounts included in accounts payable before the execution of the Agreement should have been assumed by the Companys subsidiary.

The following is a summary of the impact of these restatements on the Companys Balance Sheets at September 30, 2011:

 

 

  

September 30, 2011

 

  

As PreviouslyReported

  

ErrorCorrection

 

 

 

 

 

As Restated

Accounts payable

 

$

36,372

 

$

(21,718)

 

 

(a)

 

 

$

14,654

Total current liabilities

  

$

36,372

  

$

(21,718)


 

(a)


 

$

14,654

Additional paid in capital

  

$

86,192


$

21,718


 

(a)


 

$

107,910

Total stockholders equity (deficit)

  

$

(35,959)

  

$

21,718


 

(a)


 

$

(14,241)


 

(a)

To correct certain errors discovered upon completion of the Companys March 31, 2012 financial statements, primarily consisting of adjustment to properly recognize the assumption of liabilities by the Companys former subsidiary.


The following is a summary of the impact of these restatements on the Companys Statements of Stockholders Equity (Deficit) for the period ended September 31, 2011:

 

 

  

As PreviouslyReported

 

 

ErrorCorrection

 

 

 

 

 

As Restated

 

Capital contribution- Sale of subsidiary


$

61,027

 

 

$

21,718


 

(a

)

 

$

82,7458

 

Balance September 30, 2011 - Additional paid in capital

  

$

86,192

 

 

$

21,718



(a

)

 

$

107,910


 

(a)

To correct certain errors discovered upon completion of the Companys March 31, 2012 financial statements, primarily consisting of adjustment to properly recognize the assumption of liabilities by the Companys former subsidiary.



 

F-5








Note 2

Nature of Operations and Ability to Continue as a Going Concern


The Company was incorporated in the state of Nevada, United States of America on March 4, 2010.  The Company is an exploration stage company and was formed for the purpose of acquiring exploration and development stage mineral properties.  The Company’s year-end is June 30.


On June 4, 2010, the Company incorporated a wholly-owned subsidiary, KRC Exploration LLC (“KRC”) in the State of Nevada, United States of America (“USA”) for the purpose of mineral exploration in the USA.


On August 31, 2011, the Company changed its business focus to the development of a portfolio of life settlement policies and sold KRC to the former president.

 

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year.  Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.  The Company has yet to achieve profitable operations, has accumulated losses of $125,701 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.  The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.

 

Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on acceptable terms, if at all.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.


Note 3

Summary of Significant Accounting Policies


The financial statements of the Company have been prepared in accordance with accounting principles generally accepted 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 may have been made using careful judgment. Actual results may vary from these estimates.


The financial statements have, in management’s opinion, been properly prepared within the framework of the significant accounting policies summarized below:


Principles of Consolidation


These financial statements include the accounts of the Company and KRC until KRC was disposed of by sale to the former president on August 31, 2011.  Accordingly, the statements of operations and cash flows presented include the results of KRC from June 4, 2010 to August 31, 2011 and the balance sheet presented at June 30, 2011 is a consolidated balance sheet.  The balance sheet presented at September 30, 2011 is solely that of Kinetic Resources Corp.  All significant inter-company transactions and balances have been eliminated.


Development Stage Company


From inception through August 31, 2011, the Company was an exploration stage company.  On August 31, 2011, the Company changed business directions from acquiring exploration and development stage mineral properties to development of a portfolio of life settlement policies.  The Company is now a development stage company.  All losses accumulated since inception have been considered as part of the Company’s development stage activities.

F-6







Note 3

Summary of Significant Accounting Policies - (cont’d)

 

Cash and cash equivalents


The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents.  There were no cash equivalents held at September 30, 2011 or June 30, 2011.

 

The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At September 30, 2011 and June 30, 2011, the balance did not exceed the federally insured limit.


Foreign Currency Translation


The Company’s functional currency is the United States dollar as substantially all of the Company’s operations are in the USA. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”).


Assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Accumulated Other Comprehensive Income account in Stockholder’s Equity, if applicable.  Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  Any exchange gains and losses are included in the Statement of Operations.


Earnings per share  


In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,”  basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive.


Income Taxes


The Company uses the asset and liability method of accounting for income taxes.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.



F-7







Note 3

Summary of Significant Accounting Policies - (cont’d)


Income Taxes - (cont’d)


The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized.


Stock-based Compensation


The Company is required to record compensation expense, based on the fair value of the awards, for all awards granted after the date of the adoption.

 

 

Newly adopted accounting policies


The Company will adopt FASB ASC Topic 325-30 “Investments in Insurance Contracts”. As of September 30, 2011, the Company has not determined how it will account for life settlement contracts.

 

 

Certain reclassifications have been made to the prior years’ financial statements to conform to the current year presentation.  These reclassifications had no effect on previously reported results of operations or retained earnings.  The Company reclassified common stock from the balance sheet to additional paid in capital pursuant to the cancellation of capital shares on November 11, 2011.


 

Note 4

Sale of Subsidiary


On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company.  Pursuant to the Agreement, the Company’s interest in KRC was transferred to the former President and the former president assumed all interests and liabilities of KRC amounting to $61,027 in exchange for the Company’s interest in KRC.


The following table summarizes the identifiable assets and liabilities of KRC that were disposed of, the consideration received, and the loss of KRC for the period from July 1, 2011 to August 31, 2011.

 

August 31, 2011

Identifiable Assets and Liabilities

 

Amount owed to Kinetic Resources Corp

$  (13,220)

Net liabilities of KRC

(13,220)

 

 

Consideration Received

 

Settlement of promissory notes and accrued interest

61,027

   Assumption of Accounts payable

21,718

Elimination of consolidated losses of KRC

13,220

 

95,965

 

 

Sale of subsidiary- related party

$  82,745

 

 

Loss for the period from July 1, 2011 to August 31, 2011

 

 

 

Mineral property option costs

$  4,000


Subsequently, on November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 824,000 and 465,000, common shares, respectively, were returned to treasury and cancelled (See Note 7 Subsequent Events).



F-8







Note 5

Financial Instruments


Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.


In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs.  The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.  Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:



Level 1 - inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.


Level 2 - inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.


Level 3 - inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.


The carrying value of the Company’s financial assets and liabilities which consist of cash, accounts payable and accrued liabilities in management’s opinion approximate their fair value due to the short maturity of such instruments.  These financial assets and liabilities are valued using level 3 inputs, except for cash which is at level 1.  Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, exchange or credit risks arising from these financial instruments.


Note 6

Related Party Transactions - (Note 4)


On August 30, 2010, the Company issued a promissory note of $15,000 to the Company’s president and received $15,000 cash in exchange.  The note is unsecured, non-interest bearing and matures on September 30, 2012.  During the three month period ended September 30, 2011, the Company has recorded interest expense of $226 (three month period ended September 30, 2010 - $nil) and also recorded a capital contribution of $226 (2010 - $nil) in respect of the imputed interest charge on this note payable.



F-9







Note 6

Related Party Transactions - (Note -4) - (cont’d)


On February 11, 2011, the Company issued a promissory note of $25,000 to the Company’s president and received $25,000 cash in exchange. The promissory note is unsecured, bears interest at 6% per annum, and matures on February 28, 2013.  During the three month period ended September 30, 2011, the Company accrued $255 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.


On May 10, 2011, the Company issued a promissory note of $10,000 to the Company’s president and received $10,000 cash in exchange. The promissory note is unsecured, bears interest at 6% per annum, and matures on May 31, 2013.  During the three month period ended September 30, 2011, the Company accrued $102 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.


On August 22, 2011, the Company issued a promissory note of $10,000 to the Company’s president and received $10,000 cash in exchange. The promissory note is unsecured, bears interest at 6% per annum, and matures on August 31, 2013.  During the three month period ended September 30, 2011, the Company accrued $15 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.  


On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company.  Pursuant to the agreement, the former President of the Company assumed $61,027 of related party notes payable and accrued interest. (Note 4)


Note 7

Subsequent Event


On October 3, 2011, the Company issued 1,000,000 common shares to pursuant to a share subscription agreement at $0.045 per share for total proceeds of $45,000.

 

On November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 824,000 and 465,000, common shares, respectively, were returned to treasury and cancelled.  Due to the fact that the shares under this agreement have been cancelled without the exchange of consideration to reduce the number of shares outstanding, the Company considered the change in capital structure from the cancellation agreement a reverse stock split.  In accordance with SAB Topic 4-C, the Company recorded the cancellation retrospectively as a reduction to the par value of common stock with a corresponding increase to additional paid-in capital.


Note 8

Commitment


On September 1, 2011, the Company entered into a lease agreement for a term of two years.  The Company’s commitment for annual minimum future lease payments under office rental agreements are as follows:


2012

$

23,828

2013

$

31,770

2014

$

5,295


Additional fees and taxes of approximately $2,541 per month are due in connection with the lease agreement.  Upon acceptance of the lease agreement, a security deposit of $12,000 was required.  As of September 30, 2011, a security deposit of $12,000 was unpaid.





F-10






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


Forward-Looking Statements


Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.”   These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.  Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.  Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.  


Company Overview


We are a Nevada corporation formed March 4, 2010.  Our initial business operations were focused on the exploration of mineral properties in Washington.   On August 31, 2011, we entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”) with our former sole officer and director, Luis Antonio Delgado Gonzalez.  Pursuant to the Agreement, we transferred all membership interests in our operating subsidiary, KRC Exploration LLC, to Mr. Gonzalez.  In exchange for this assignment of membership interests, Mr. Gonzalez agreed to assume and cancel all liabilities relating to our former business of exploring approximately 80 acres of lode mining claims located in the State of Washington.    


As a result of the Agreement, we are no longer pursuing our former business plan and have changed our business focus.  As financing permits, we will be acquiring an ongoing portfolio of life settlement policies.  We expect that the universal and whole life policies we purchase will provide substantial payouts upon the passing of the insured.  With the right business model and experienced management, we believe we will be able to accumulate a portfolio of quality policies that will generate stable returns.  As our new line of business continues to develop, we will make appropriate additional disclosures.


Results of operations for the three and nine months ended September 30, 2011 and 2010, and for the period from March 4, 2010 (date of inception) through September 30, 2011


We have not earned any revenues from inception on March 4, 2010 through the period ending September 30, 2011. We are presently in the development stage of our business and we can provide no assurance that we will produce significant revenues or, if revenues are earned, that we will be profitable.



6







We have incurred total expenses and net losses in the amount of $125,701 from our inception on March 4, 2010 through the period ending September 30, 2011.   Our expenses since our inception have consisted primarily of legal fees, audit and accounting fees, mineral property option costs, office expenses, transfer and filing fees and mineral property costs. During the three months ended September 30, 2011, we incurred expenses and net losses in the amount of $49,903 consisting primarily of audit and accounting fees, legal fees, and mineral property costs. During the three months ended September 30, 2010, we incurred expenses and net losses in the amount of $19,967.  


Liquidity and Capital Resources


As of September 30, 2011, we had current assets of $413, consisting entirely of cash.  As of September 30, 2011, we had current liabilities of $14,654, consisting of accounts payable.  Thus, we had a working capital deficit of $14,241 as of September 30, 2011.


We will require substantial additional funding in order to undertake our planned business of acquiring a portfolio of life settlement policies. Although we are currently seeking equity funding, we have no firm arrangements for financing and can provide no assurance that such funding will be received in an amount sufficient to pursue our planned line of business.


Off Balance Sheet Arrangements


As of September 30, 2011, there were no off balance sheet arrangements.  


Going Concern


We have yet to achieve profitable operations, have accumulated losses of $125,701 since our inception, and we have no established source of revenue, all of which casts substantial doubt about our ability to continue as a going concern.  


Item 3. Quantitative and Qualitative Disclosures About Market Risk


A smaller reporting company is not required to provide the information required by this Item.


Item 4. Controls and Procedures


We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of September 30, 2011.  This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, Lorraine Fusco.  Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of September 30, 2011, our disclosure controls and procedures were not effective.  There have been no changes in our internal controls over financial reporting during the quarter ended September 30, 2011.




7






Management determined that the material weaknesses that resulted in controls being ineffective are primarily due to lack of resources and number of employees. Material weaknesses exist in the segregation of duties required for effective controls and various reconciliation and control procedures not regularly performed due to the lack of staff and resources.


Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified in the SEC'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 reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.


Limitations on the Effectiveness of Internal Controls


Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error.   Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.











8






PART II – OTHER INFORMATION


Item 1. Legal Proceedings


We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.


Item 1A: Risk Factors


A smaller reporting company is not required to provide the information required by this Item.


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


None


Item 3. Defaults upon Senior Securities


None


Item 4. Removed and Reserved


Item 5. Other Information


None


Item 6. Exhibits


Exhibit Number

Description of Exhibit

31.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1

Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002








9






SIGNATURES


In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

Kinetic Resources, Corp.

 

 

Date:

June 25, 2012

 

 

 

/s/ Lorraine Fusco

By:

Lorraine Fusco

Title:

Chief Executive Officer and Director
























10



EX-31.1 2 kntc_ex311.htm CERTIFICATION ex31.1

 

CERTIFICATIONS


I, Lorraine Fusco, certify that;

 

1.

 

I have reviewed this amended quarterly report on Form 10-Q/A for the quarter ended September 30, 2011 of Crown Alliance Capital Ltd. (formally Kinetic Resources 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.

 

The registrant’s other certifying officer and I are 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 purposes in accordance with generally 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; and

 

5.

 

The registrant’s other certifying officer and 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, summarize 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.

 

Date: June 25, 2012

 

/s/ Lorraine Fusco

By: Lorraine Fusco

Title: Chief Executive Officer




EX-31.2 3 kntc_ex312.htm CERTIFICATION ex31.2

 

CERTIFICATIONS


I, Lorraine Fusco, certify that;

 

1.

 

I have reviewed this amended quarterly report on Form 10-Q/A for the quarter ended September 30, 2011 of Crown Alliance Capital Ltd. (formally Kinetic Resources 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.

 

The registrant’s other certifying officer and I are 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 purposes in accordance with generally 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; and

 

5.

 

The registrant’s other certifying officer and 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, summarize 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.

 

Date: June 25, 2012

 

/s/ Lorraine Fusco

By: Lorraine Fusco

Title: Chief Financial Officer




EX-32.1 4 kntc_ex321.htm CERTIFICATION ex32.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND

CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the amended quarterly report of Crown Alliance Capital Ltd., formally Kinetic Resources Corp., (the “Company”) on Form 10-Q/A for the quarter ended September 30, 2011 filed with the Securities and Exchange Commission (the “Report”), I, Lorraine Fusco, Chief Executive Officer and Chief Financial Officer of 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:


1.

The Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and


2.

The information contained in the Report fairly presents, in all material respects, the consolidated financial condition of the Company as of the dates presented and the consolidated result of operations of the Company for the periods presented.


By:

/s/ Lorraine Fusco

 

 

Name:

Lorraine Fusco

 

 

Title:

Principal Executive Officer,

Principal Financial Officer and Director

 

 

Date:

June 25, 2012


This certification has been furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.






EX-101.INS 5 kntc-20110930.xml 10-Q 2011-09-30 false Crown Alliance Capital Ltd 0001487439 --06-30 Smaller Reporting Company Yes No No 2012 Q1 7608 7360 24978 93 273 623 2 -3 -1 27583 4143 65993 500 4000 4000 8000 2500 2500 1000 1600 7606 5189 5189 3830 94 8384 -49305 -19967 -123772 -598 -1929 -19967 -125701 -0.01 -0.01 3550000 3550000 <!--egx--><p style="MARGIN:0px" align="justify">Note 1 <u>Basis of Presentation</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">While the information presented in the accompanying September 30, 2011 interim financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim period presented in accordance with the accounting principles generally accepted in the United States of America. &nbsp;In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. &nbsp;These interim consolidated financial statements should be read in conjunction with the Company&#146;s June 30, 2011 audited financial statements (notes thereto) included in the Company&#146;s Annual Report on Form 10-K.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Operating results for the three months ended September 30, 2011 are not necessarily indicative of the results that can be expected for the year ending June 30, 2012.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><b><font lang="EN-GB">Restatement</font></b></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><font lang="EN-GB">Upon completion of the Company&#146;s March 31, 2012 financial statements, accounting errors were discovered that required the restatement of amounts previously reported. Additionally, it was determined that the sale of our subsidiary KRC Exploration LLC was accounted for incorrectly.&nbsp; Under the terms of the Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the &#147;Agreement&#148;),&nbsp; amounts included in accounts payable before the execution of the Agreement should have been assumed by the Company&#146;s subsidiary.</font></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><font lang="EN-GB">The following is a summary of the impact of these restatements on the Company&#146;s Balance Sheets at September 30, 2011: </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <div align="center"> <table width="100%" style="WIDTH:100%" cellpadding="0" cellspacing="0"> <tr> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td width="49%" colspan="12" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:49.9%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">September 30, 2011</font></b><font lang="EN-GB"></font></p></td></tr> <tr> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td width="15%" colspan="2" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:15.8%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">As Previously<br></br><br></br>Reported</font></b><font lang="EN-GB"></font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td width="13%" colspan="2" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:13.14%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">Error<br></br><br></br>Correction</font></b><font lang="EN-GB"></font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.6%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4.42%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="12%" colspan="2" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:12.2%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">As Restated</font></b><font lang="EN-GB"></font></p></td></tr> <tr> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-12pt; MARGIN-LEFT:12pt"><font lang="EN-GB">Accounts payable</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="14%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:14.32%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">36,372 </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="11%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:11.66%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(21,718)</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:0.6%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:4.42%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(a)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:10.72%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">14,654</font></p></td></tr> <tr> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 0.5in"><font lang="EN-GB">Total current liabilities</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="14%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:14.32%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">36,372</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="11%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:11.66%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(21,718)</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.6%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4.42%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(a)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:10.72%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">14,654</font></p></td></tr> <tr> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:12pt 0in 0pt"><font lang="EN-GB">Additional paid in capital</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="14%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:14.32%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">86,192</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="11%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:11.66%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">21,718</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:0.6%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:4.42%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(a)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:10.72%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">107,910</font></p></td></tr> <tr> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-12pt; MARGIN-LEFT:0.5in"><font lang="EN-GB">Total stockholders&#146; equity (deficit)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="14%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:14.32%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(35,959)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="11%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:11.66%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">21,718</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.6%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4.42%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(a)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:10.72%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(14,241)</font></p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <p style="MARGIN:0px" align="justify"></p> <table width="100%" style="WIDTH:100%; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">(a)</font></p></td> <td style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">To correct certain errors discovered upon completion of the Company&#146;s March 31, 2012 financial statements, primarily consisting of adjustment to properly recognize the assumption of liabilities by the Company&#146;s former subsidiary. </font></p></td></tr></table> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The following is a summary of the impact of these restatements on the Company&#146;s Statements of Stockholders&#146; Equity (Deficit) for the period ended September 31, 2011: </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <div align="center"> <table width="102%" cellpadding="0" cellspacing="0"> <tr> <td width="48%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:48.4%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.5%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td width="15%" colspan="2" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:15.66%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">As Previously<br></br><br></br>Reported</font></b><font lang="EN-GB"></font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.34%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.46%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="12%" colspan="2" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:12.22%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">Error<br></br><br></br>Correction</font></b><font lang="EN-GB"></font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.22%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="2%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:2.06%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.94%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.46%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="11%" colspan="2" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:11.66%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b><font lang="EN-GB">As Restated</font></b><font lang="EN-GB"></font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.3%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr> <td width="48%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:48.4%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-12pt; MARGIN-LEFT:12pt"><font lang="EN-GB">Capital contribution- Sale of subsidiary</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.5%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="2%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:2.06%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13.6%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">61,027</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.34%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.46%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.34%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:10.88%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">21,718</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:0.22%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="2%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:2.06%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.94%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(a</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">)</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.46%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.44%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:10.22%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">82,7458</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1.3%; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr> <td width="48%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:48.4%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-12pt; MARGIN-LEFT:12pt"><font lang="EN-GB">Balance September 30, 2011 &#150; Additional paid in capital</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.5%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">&nbsp; </font></p></td> <td width="2%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:2.06%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:13.6%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">86,192</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.34%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.46%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.34%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:10.88%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">21,718</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.22%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="2%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:2.06%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.94%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">(a</font></p></td> <td width="0%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:0.78%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">)</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.46%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.44%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">$</font></p></td> <td width="10%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:10.22%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"><font lang="EN-GB">107,910</font></p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1.3%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <p style="MARGIN:0px" align="justify"></p> <table width="101%" style="BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:54.35pt"> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4.14%; PADDING-RIGHT:0in; HEIGHT:54.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:12pt 0in 0pt"><font lang="EN-GB">(a)</font></p></td> <td width="95%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:95.86%; PADDING-RIGHT:0in; HEIGHT:54.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:12pt 0in 0pt"><font lang="EN-GB">To correct certain errors discovered upon completion of the Company&#146;s March 31, 2012 financial statements, primarily consisting of adjustment to properly recognize the assumption of liabilities by the Company&#146;s former subsidiary. </font></p></td></tr></table> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 2 &nbsp;<u>Nature of Operations and Ability to Continue as a Going Concern</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company was incorporated in the state of Nevada, United States of America on March 4, 2010. &nbsp;The Company is an exploration stage company and was formed for the purpose of acquiring exploration and development stage mineral properties. &nbsp;The Company&#146;s year-end is June 30.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On June 4, 2010, the Company incorporated a wholly-owned subsidiary, KRC Exploration LLC (&#147;KRC&#148;) in the State of Nevada, United States of America (&#147;USA&#148;) for the purpose of mineral exploration in the USA.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On August 31, 2011, the Company changed its business focus to the development of a portfolio of life settlement policies and sold KRC to the former president.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. &nbsp;Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. &nbsp;The Company has yet to achieve profitable operations, has accumulated losses of $125,701 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company&#146;s ability to continue as a going concern. &nbsp;The Company&#146;s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on acceptable terms, if at all. &nbsp;The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 3 &nbsp;<u>Summary of Significant Accounting Policies</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are stated in US dollars. &nbsp;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 may have been made using careful judgment. Actual results may vary from these estimates.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The financial statements have, in management&#146;s opinion, been properly prepared within the framework of the significant accounting policies summarized below:</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Principles of Consolidation</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">These financial statements include the accounts of the Company and KRC until KRC was disposed of by sale to the former president on August 31, 2011. &nbsp;Accordingly, the statements of operations and cash flows presented include the results of KRC from June 4, 2010 to August 31, 2011 and the balance sheet presented at June 30, 2011 is a consolidated balance sheet. &nbsp;The balance sheet presented at September 30, 2011 is solely that of Kinetic Resources Corp. &nbsp;All significant inter-company transactions and balances have been eliminated.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Development Stage Company</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">From inception through August 31, 2011, the Company was an exploration stage company. &nbsp;On August 31, 2011, the Company changed business directions from acquiring exploration and development stage mineral properties to development of a portfolio of life settlement policies. &nbsp;The Company is now a development stage company. &nbsp;All losses accumulated since inception have been considered as part of the Company&#146;s development stage activities.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Cash and cash equivalents</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. &nbsp;There were no cash equivalents held at September 30, 2011 or June 30, 2011.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At September 30, 2011 and June 30, 2011, the balance did not exceed the federally insured limit.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Foreign Currency Translation</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company&#146;s functional currency is the United States dollar as substantially all of the Company&#146;s operations are in the USA. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (&#147;SEC&#148;).</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date and capital accounts are translated at historical rates. &nbsp;Income statement accounts are translated at the average rates of exchange prevailing during the period. &nbsp;Translation adjustments from the use of different exchange rates from period to period are included in the Accumulated Other Comprehensive Income account in Stockholder&#146;s Equity, if applicable. &nbsp;Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date. &nbsp;Any exchange gains and losses are included in the Statement of Operations.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Earnings per share</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">In accordance with accounting guidance now codified as FASB ASC Topic 260, &#147;Earnings per Share,&#148; &nbsp;basic earnings per share (&#147;EPS&#148;) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Income Taxes</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company uses the asset and liability method of accounting for income taxes. &nbsp;Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is &#147;more likely-than-not&#148; that a deferred tax asset will not be realized.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Stock-based Compensation</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company is required to record compensation expense, based on the fair value of the awards, for all awards granted after the date of the adoption.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Newly adopted accounting policies</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The Company will adopt FASB ASC Topic 325-30 &#147;Investments in Insurance Contracts&#148;. As of September 30, 2011, the Company has not determined how it will account for life settlement contracts.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify"><u>Reclassification</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Certain reclassifications have been made to the prior years' financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings. The Company reclassified common stock from the balance sheet to additional paid-in capital pursuant to the cancellation of capital shares on November 11, 2011.&nbsp;</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 4 &nbsp;<u>Sale of Subsidiary</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the &#147;Agreement&#148;), with the former President of the Company. &nbsp;Pursuant to the Agreement, the Company&#146;s interest in KRC was transferred to the former President and the former president assumed all interests and liabilities of KRC amounting to $61,027 in exchange for the Company&#146;s interest in KRC.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The following table summarizes the identifiable assets and liabilities of KRC that were disposed of, the consideration received, and the loss of KRC for the period from July 1, 2011 to August 31, 2011.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; tab-stops:55.0pt"><font lang="EN-GB"></font>&nbsp;</p> <p style="MARGIN:0px" align="justify"></p> <table width="100%" style="BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="HEIGHT:13.1pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="111" colspan="2" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:82.9pt; PADDING-RIGHT:0.05in; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt" align="center"><u><font lang="EN-GB">August 31, 2011</font></u></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">Identifiable Assets and Liabilities</font></b></p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"><font style="BACKGROUND:yellow" lang="EN-GB"></font></p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"><font style="BACKGROUND:yellow" lang="EN-GB"></font></p></td></tr> <tr style="HEIGHT:13.1pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB">Amount owed to Kinetic Resources Corp</font></p></td> <td width="37" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB">$</font></p></td> <td width="74" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt 8.4pt; tab-stops:-.3pt center 3.0in right 6.0in" align="right"><font lang="EN-GB">(13,220)</font></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:.5in"><font lang="EN-GB">Net liabilities of KRC</font></p></td> <td width="37" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB">(13,220)</font></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB">Consideration Received</font></p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 9.75pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB">Settlement of promissory notes and accrued interest</font></p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB">61,027</font></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 9.75pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB">Assumption of accounts payable</font></p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB">21,718</font></p></td></tr> <tr style="HEIGHT:13.1pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB">Elimination of consolidated losses of KRC</font></p></td> <td width="37" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:13.1pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt center 3.0in right 6.0in" align="right"><font lang="EN-GB">13,220</font></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="37" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt center 3.0in right 6.0in" align="right"><font lang="EN-GB">95,965</font></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:11.9pt 23.4pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:10.65pt"><font lang="EN-GB">Sale of subsidiary- related party</font></p></td> <td width="37" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB">$</font></p></td> <td width="74" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt 15.9pt; tab-stops:-.3pt center 3.0in right 6.0in" align="right"><font lang="EN-GB">82,745</font></p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:10.65pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-INDENT:-10.4pt; MARGIN:0in 0in 0pt 11.15pt; tab-stops:10.65pt"><font lang="EN-GB">Loss for the period from July 1, 2011 to August 31, 2011</font></p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:10.65pt"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="37" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td> <td width="74" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; BACKGROUND:#dbe5f1; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB"></font>&nbsp;</p></td></tr> <tr style="HEIGHT:12.35pt"> <td width="363" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:272.4pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt 11.15pt; tab-stops:10.65pt"><font lang="EN-GB">Mineral property option costs</font></p></td> <td width="37" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:27.75pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; tab-stops:-.3pt" align="right"><font lang="EN-GB">$</font></p></td> <td width="74" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.05in; WIDTH:55.15pt; PADDING-RIGHT:0.05in; HEIGHT:12.35pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt 21.15pt; tab-stops:-.3pt center 3.0in right 6.0in" align="right"><font lang="EN-GB">4,000</font></p></td></tr></table> <p style="TEXT-INDENT:0in; MARGIN:0in 0in 0pt"><font lang="EN-GB"></font>&nbsp;</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Subsequently, on November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 824,000 and 465,000, common shares, respectively, were returned to treasury and cancelled (See Note 8 Subsequent Events).</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 5 &nbsp;<u>Financial Instruments</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. &nbsp;The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. &nbsp;Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Level 1 - inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Level 2 - inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">Level 3 - inputs are generally unobservable and typically reflect management&#146;s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">The carrying value of the Company&#146;s financial assets and liabilities which consist of cash, accounts payable and accrued liabilities in management&#146;s opinion approximate their fair value due to the short maturity of such instruments. &nbsp;These financial assets and liabilities are valued using level 3 inputs, except for cash which is at level 1. &nbsp;Unless otherwise noted, it is management&#146;s opinion that the Company is not exposed to significant interest, exchange or credit risks arising from these financial instruments.</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 6 &nbsp;<u>Related Party Transactions</u> - (Note 4)</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On August 30, 2010, the Company issued a promissory note of $15,000 to the Company&#146;s president and received $15,000 cash in exchange. &nbsp;The note is unsecured, non-interest bearing and matures on September 30, 2012. &nbsp;During the three month period ended September 30, 2011, the Company has recorded interest expense of $226 (three month period ended September 30, 2010 - $nil) and also recorded a capital contribution of $226 (2010 - $nil) in respect of the imputed interest charge on this note payable.<br></br></p> <p style="MARGIN:0px" align="justify">On February 11, 2011, the Company issued a promissory note of $25,000 to the Company&#146;s president and received $25,000 cash in exchange. &nbsp;The promissory note is unsecured, bears interest at 6% per annum, and matures on February 28, 2013. &nbsp;During the three month period ended September 30, 2011, the Company accrued $255 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On May 10, 2011, the Company issued a promissory note of $10,000 to the Company&#146;s president and received $10,000 cash in exchange. &nbsp;The promissory note is unsecured, bears interest at 6% per annum, and matures on May 31, 2013. &nbsp;During the three month period ended September 30, 2011, the Company accrued $102 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.&nbsp;&nbsp;<br></br></p> <p style="MARGIN:0px" align="justify">On August 22, 2011, the Company issued a promissory note of $10,000 to the Company&#146;s president and received $10,000 cash in exchange. &nbsp;The promissory note is unsecured, bears interest at 6% per annum, and matures on August 31, 2013. &nbsp;During the three month period ended September 30, 2011, the Company accrued $15 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the &#147;Agreement&#148;), with the former President of the Company. &nbsp;Pursuant to the agreement, the former President of the Company assumed $61,027 of related party notes payable and accrued interest. (Note 4)</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 7 &nbsp;<u>Subsequent Event</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On October 3, 2011, the Company issued 1,000,000 common shares to pursuant to a share subscription agreement at $0.045 per share for total proceeds of $45,000.</p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 824,000 and 465,000, common shares, respectively, were returned to treasury and cancelled. Due to the fact that the shares under this agreement have been cancelled without exchange of consideration to reduce the number of shares outstanding, the Company considered the change in capital structure from the cancellation agreement a reverse stock split. In accordance with SAB Topic 4-C, the Company recorded the cancellation retrospectively as a reduction to the par value of common stock with a corresponding increase to additional paid-in capital.</p> <!--egx--><p style="MARGIN:0px" align="justify">Note 8 &nbsp;<u>Commitment</u></p> <p style="MARGIN:0px" align="justify">&nbsp;</p> <p style="MARGIN:0px" align="justify">On September 1, 2011, the Company entered into a lease agreement for a term of two years. &nbsp;The Company&#146;s commitment for annual minimum future lease payments under office rental agreements are as follows:</p> <p style="MARGIN:0px" align="justify"><br></br><br></br></p> <table style="MARGIN-TOP:0px" cellpadding="0" cellspacing="0" align="center"> <tr> <td width="183"></td> <td width="15"></td> <td width="79"></td></tr> <tr bgcolor="#cae3e3"> <td width="183" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">2012</p></td> <td width="15" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">$</p></td> <td width="79" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">23,828</p></td></tr> <tr> <td width="183" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">2013</p></td> <td width="15" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">$</p></td> <td width="79" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">31,770</p></td></tr> <tr bgcolor="#cae3e3"> <td width="183" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">2014</p></td> <td width="15" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">$</p></td> <td width="79" style="MARGIN-TOP:0px" valign="top"> <p style="MARGIN:0px" align="justify">5,295</p></td></tr></table> <p style="MARGIN:0px" align="justify"><br></br><br></br></p> <p style="MARGIN:0px" align="justify">Additional fees and taxes of approximately $2,541 per month are due in connection with the lease agreement. &nbsp;Upon acceptance of the lease agreement, a security deposit of $12,000 was required. &nbsp;As of September 30, 2011, a security deposit of $12,000 was unpaid.</p> 413 5958 413 5958 413 5958 14654 2612 14654 2612 655 50000 50655 14654 53267 3550 3550 107910 26228 -125701 -75798 413 5958 0.001 0.001 10000000 10000000 0 0 0.001 0.001 90000000 90000000 3550000 3550000 3550000 3550000 2000000 2000000 2000 13558 15558 -824000 -824000 -824 824 1550000 1550000 1550 10705 12255 -465000 -465000 -465 465 -7077 -7077 2261000 2261000 2261 25552 -7077 20736 676 676 -68721 -68721 2261000 2261000 2261 26228 -75798 -47309 226 226 82745 82745 -49903 -49903 2261000 2261000 2261 107910 -125701 -14241 3550000 -49903 -19967 -125701 226 902 372 1027 33760 1068 36372 -15545 -18899 -87400 27813 -500 10000 15000 60000 10000 14500 87813 -5545 -4399 413 5958 27841 23442 413 21718 61027 61027 0001487439 2011-07-01 2011-09-30 0001487439 2011-09-30 0001487439 2011-06-30 0001487439 2010-07-01 2010-09-30 0001487439 2010-03-04 2011-09-30 0001487439 2010-03-04 2010-06-30 0001487439 2010-07-01 2011-06-30 0001487439 2010-06-30 0001487439 2010-09-30 0001487439 us-gaap:CommonStockMember 2010-03-04 2010-06-30 0001487439 us-gaap:AdditionalPaidInCapitalMember 2010-03-04 2010-06-30 0001487439 fil:DeficitAccumulatedDuringTheExplorationStageMember 2010-03-04 2010-06-30 0001487439 us-gaap:CommonStockMember 2010-06-30 0001487439 us-gaap:AdditionalPaidInCapitalMember 2010-06-30 0001487439 fil:DeficitAccumulatedDuringTheExplorationStageMember 2010-06-30 0001487439 us-gaap:AdditionalPaidInCapitalMember 2010-07-01 2011-06-30 0001487439 fil:DeficitAccumulatedDuringTheExplorationStageMember 2010-07-01 2011-06-30 0001487439 us-gaap:CommonStockMember 2011-06-30 0001487439 us-gaap:AdditionalPaidInCapitalMember 2011-06-30 0001487439 fil:DeficitAccumulatedDuringTheExplorationStageMember 2011-06-30 0001487439 us-gaap:AdditionalPaidInCapitalMember 2011-07-01 2011-09-30 0001487439 fil:DeficitAccumulatedDuringTheExplorationStageMember 2011-07-01 2011-09-30 0001487439 us-gaap:CommonStockMember 2011-09-30 0001487439 us-gaap:AdditionalPaidInCapitalMember 2011-09-30 0001487439 fil:DeficitAccumulatedDuringTheExplorationStageMember 2011-09-30 iso4217:USD shares iso4217:USD shares The numbers in this column, for the fiscal year ended June 30, 2011, are derived from audited financials. EX-101.SCH 6 kntc-20110930.xsd 000050 - Statement - STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Nature of Operations and Ability to Continue as a Going Concern link:presentationLink link:definitionLink link:calculationLink 000001 - Document - Dimensions link:presentationLink link:definitionLink link:calculationLink 000060 - Statement - INTERIM STATEMENTS OF CASH FLOWS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - BALANCE SHEETS (unaudited) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - BALANCE SHEETS (Unaudited) (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Commitments link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Financial Instruments link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - INTERIM STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Subsequent Event link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Basis of Presentation link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Sale of Subsidiary link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 kntc-20110930_cal.xml EX-101.DEF 8 kntc-20110930_def.xml EX-101.LAB 9 kntc-20110930_lab.xml Subsequent Events {1} Subsequent Events Business Combinations Notes payable and accrued interest assumed with sale of subsidiary Founders stock returned to treasury for cancellation, shares Capital stock issued for cash, shares, net of commission Income Statement Preferred stock, $0.001 par value 10,000,000 shares authorized, none outstanding Notes payable, related party Statement Entity Central Index Key Mergers, Acquisitions and Dispositions Disclosures Net cash provided by financing activities Net cash provided by financing activities Common Stock Management fees Deficit accumulated during the exploration stage Accounts payable Document Fiscal Year Focus Accounts payable and accrued liabilities Statement of Cash Flows Beginning Balance, shares Beginning Balance, shares Ending Balance, shares Audit and accounting fees Total long term liabilities Total long term liabilities Current assets Organization, Consolidation and Presentation of Financial Statements Non cash interest expense - capital contribution Operating loss Transfer and filing fees Transfer and filing fees Legal fees Additional paid in capital Total liabilities Total liabilities Entity Filer Category Commitment and Contingencies Related Party Transactions Disclosure Capital stock issued to founder for cash, shares Interest expense - Note 4 Interest expense - Note 4 Office expenses Common stock, shares authorized Preferred stock, shares authorized Subsequent Events Investments, All Other Investments Accrued interest {1} Accrued interest Adjustments to reconcile net loss to net cash used by operating activities: Founders stock returned to treasury for cancellation, value Statement of Stockholders' Equity Weighted average number of shares outstanding - basic Weighted average number of shares outstanding - basic Total current liabilities Total current liabilities Total assets Total assets Entity Common Stock, Shares Outstanding Proceeds from notes payable, related party Capital stock issued to founder for cash, value Bank charges Document Fiscal Period Focus Due to related party Deficit Accumulated During the Exploration Stage Basic loss per share Basic loss per share Total current assets Total current assets ASSET Entity Well-known Seasoned Issuer Financial Instruments Disclosure Capital stock returned to treasury for cancellation, shares Mineral property exploration costs Preferred stock, par value Foreign exchange gain Preferred stock, shares issued Total stockholders' deficit Total stockholders' deficit Beginning Balance, amount Ending Balance, amount Statement {1} Statement Document Type Changes in operating assets and liabilities: Common stock, shares outstanding Common stock, $0.001 par value 90,000,000 shares authorized 3,550,000 shares issued and outstanding Cash Flows from Financing Activities Net loss Equity Components Entity Voluntary Filers Commitments Disclosure Interest and taxes paid in cash Interest and taxes paid in cash Capital contribution - Sale of subsidiary - Note 4 Capital contribution by president - Note 6 Common stock, par value Accrued interest Long term liabilities Entity Registrant Name Significant Accounting Policies Nature of Operations Accounts payable assumed with sale of subsidiary Proceeds from capital stock issued Capital stock issued for cash, value, net of commission Capital stock returned to treasury for cancellation, value Additional Paid-in Capital Mineral property option costs Stockholders' Equity Total liabilities and stockholders' deficit Total liabilities and stockholders' deficit Document Period End Date Supplemental information Cash, beginning of the period Cash, beginning of the period Cash, end of the period Increase (decrease) in cash during the period Equity Component Net Loss Net Loss Net loss for the period Common stock, shares issued STOCKHOLDERS' DEFICIT Amendment Flag Document and Entity Information Business Description and Basis of Presentation Cash Flows Used in Operating Activities Expenses Statement of Financial Position Current Fiscal Year End Date Related Party Disclosures Accounting Policies Non-cash activities Net cash used in operating activities Net cash used in operating activities Rent Current liabilities LIABILITIES AND STOCKHOLDERS' DEFICIT Cash Entity Current Reporting Status EX-101.PRE 10 kntc-20110930_pre.xml XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies
3 Months Ended
Sep. 30, 2011
Accounting Policies  
Significant Accounting Policies

Note 3  Summary of Significant Accounting Policies

 

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted 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 may have been made using careful judgment. Actual results may vary from these estimates.

 

The financial statements have, in management’s opinion, been properly prepared within the framework of the significant accounting policies summarized below:

 

Principles of Consolidation

 

These financial statements include the accounts of the Company and KRC until KRC was disposed of by sale to the former president on August 31, 2011.  Accordingly, the statements of operations and cash flows presented include the results of KRC from June 4, 2010 to August 31, 2011 and the balance sheet presented at June 30, 2011 is a consolidated balance sheet.  The balance sheet presented at September 30, 2011 is solely that of Kinetic Resources Corp.  All significant inter-company transactions and balances have been eliminated.

 

Development Stage Company

 

From inception through August 31, 2011, the Company was an exploration stage company.  On August 31, 2011, the Company changed business directions from acquiring exploration and development stage mineral properties to development of a portfolio of life settlement policies.  The Company is now a development stage company.  All losses accumulated since inception have been considered as part of the Company’s development stage activities.

 

Cash and cash equivalents

 

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents.  There were no cash equivalents held at September 30, 2011 or June 30, 2011.

 

The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At September 30, 2011 and June 30, 2011, the balance did not exceed the federally insured limit.

 

Foreign Currency Translation

 

The Company’s functional currency is the United States dollar as substantially all of the Company’s operations are in the USA. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”).

 

Assets and liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Accumulated Other Comprehensive Income account in Stockholder’s Equity, if applicable.  Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  Any exchange gains and losses are included in the Statement of Operations.

 

Earnings per share

 

In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,”  basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive.

 

Income Taxes

 

The Company uses the asset and liability method of accounting for income taxes.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

 

The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized.

 

Stock-based Compensation

 

The Company is required to record compensation expense, based on the fair value of the awards, for all awards granted after the date of the adoption.

 

Newly adopted accounting policies

 

The Company will adopt FASB ASC Topic 325-30 “Investments in Insurance Contracts”. As of September 30, 2011, the Company has not determined how it will account for life settlement contracts.

 

Reclassification

 

Certain reclassifications have been made to the prior years' financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings. The Company reclassified common stock from the balance sheet to additional paid-in capital pursuant to the cancellation of capital shares on November 11, 2011. 

EXCEL 13 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]C,SAB.#,R95\Y83`W7S0Y,V)?86%F.%]B,SEA M8F)E8S9B,68B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I% M>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I% M>&-E;%=O5]O9E]3:6=N:69I8V%N=%]!8V-O=6YT/"]X.DYA;64^ M#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O5]4#I7;W)K#I%>&-E;%=O#I3='EL M97-H965T($A2968],T0B5V]R:W-H965T3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C,SAB.#,R95\Y83`W7S0Y M,V)?86%F.%]B,SEA8F)E8S9B,68-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO8S,X8C@S,F5?.6$P-U\T.3-B7V%A9CA?8C,Y86)B96,V8C%F+U=O M'0O:'1M M;#L@8VAA'0^0W)O M=VX@06QL:6%N8V4@0V%P:71A;"!,=&0\'0^4V5P M(#,P+`T*"0DR,#$Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^9F%L2!#96YT3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,30X-S0S.3QS M<&%N/CPO'0^+2TP-BTS,#QS<&%N/CPO2!&:6QE3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^4VUA;&QE3QS<&%N/CPO'0^665S/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^3F\\2!796QL+6MN;W=N(%-E87-O;F5D($ES'0^3F\\7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S6%B;&4L(')E;&%T960@ M<&%R='D\+W1D/@T*("`@("`@("`\=&0@8VQA'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S65A7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAAF5D/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,"PP,#`L,#`P/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%SF5D/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M<#XY,"PP,#`L,#`P/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M2!O<'1I;VX@8V]S=',\+W1D/@T*("`@("`@("`\=&0@8VQA2!E>'!L;W)A=&EO M;B!C;W-T'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C,SAB.#,R95\Y83`W7S0Y M,V)?86%F.%]B,SEA8F)E8S9B,68-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO8S,X8C@S,F5?.6$P-U\T.3-B7V%A9CA?8C,Y86)B96,V8C%F+U=O M'0O:'1M M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!F;W(@8V%N8V5L;&%T:6]N+"!V86QU93PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S2!P'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2!P7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S6%B;&4@86YD(&%C8W)U960@;&EA8FEL:71I97,\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4L(')E;&%T960@<&%R='D\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%]C,SAB.#,R95\Y83`W7S0Y,V)?86%F.%]B,SEA8F)E M8S9B,68-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO8S,X8C@S,F5? M.6$P-U\T.3-B7V%A9CA?8C,Y86)B96,V8C%F+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/"$M+65G>"TM/CQP('-T>6QE M/3-$34%21TE..C!P>"!A;&EG;CTS1&IU6QE/3-$34%21TE..C!P M>"!A;&EG;CTS1&IU6EN9R!397!T96UB97(@,S`L(#(P M,3$@:6YT97)I;2!F:6YA;F-I86P@2!T;R!P2!T:&4@9FEN86YC:6%L('!O2!F;W(@82!F86ER('!R97-E;G1A=&EO;B!O9B!T:&4@28C,30V.W,@2G5N92`S M,"P@,C`Q,2!A=61I=&5D(&9I;F%N8VEA;"!S=&%T96UE;G1S("AN;W1E28C,30V.W,@06YN=6%L M(%)E<&]R="!O;B!&;W)M(#$P+4LN/"]P/B`\<"!S='EL93TS1$U!4D=)3CHP M<'@@86QI9VX],T1J=7-T:69Y/B9N8G-P.SPO<#X@/'`@3Y/<&5R871I;F<@6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU M3X\9F]N="!L86YG/3-$14XM1T(^57!O;B!C;VUP;&5T:6]N M(&]F('1H92!#;VUP86YY)B,Q-#8[2!R97!O'!L;W)A=&EO;B!,3$,@=V%S(&%C8V]U;G1E9"!F;W(@:6YC;W)R96-T;'DN M)FYB6%N8V4L(%1R86YS9F5R(&%N9"!!6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU2!O9B!T M:&4@:6UP86-T(&]F('1H97-E(')E28C,30V.W,@0F%L86YC92!3:&5E=',@870@4V5P=&5M8F5R(#,P+"`R,#$Q M.B`\+V9O;G0^/"]P/B`\<"!S='EL93TS1"=-05)'24XZ,&EN(#!I;B`P<'0G M/CQF;VYT(&QA;F<],T1%3BU'0CX\+V9O;G0^)FYB6QE/3-$5TE$ M5$@Z,3`P)2!C96QL<&%D9&EN9STS1#`@8V5L;'-P86-I;F<],T0P/B`\='(^ M(#QT9"!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU, M1494.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/ M4D1%4BU"3U143TTZ8FQA8VL@,7!T('-O;&ED.R!"3U)$15(M3$5&5#HC9C!F M,&8P.R!0041$24Y'+4)/5%1/33HP:6X[($)!0TM'4D]53D0M0T],3U(Z=')A M;G-P87)E;G0[(%!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ8V5N=&5R.R!-05)'24XZ,&EN(#!I M;B`P<'0G(&%L:6=N/3-$8V5N=&5R/CQB/CQF;VYT(&QA;F<],T1%3BU'0CY3 M97!T96UB97(@,S`L(#(P,3$\+V9O;G0^/"]B/CQF;VYT(&QA;F<],T1%3BU' M0CX\+V9O;G0^/"]P/CPO=&0^/"]T6QE/3-$)T)/4D1%4BU"3U143TTZ8FQA8VL@ M,7!T('-O;&ED.R!"3U)$15(M3$5&5#HC9C!F,&8P.R!0041$24Y'+4)/5%1/ M33HP:6X[($)!0TM'4D]53D0M0T],3U(Z=')A;G-P87)E;G0[(%!!1$1)3D6QE/3-$)U1%6%0M M04Q)1TXZ8V5N=&5R.R!-05)'24XZ,&EN(#!I;B`P<'0G(&%L:6=N/3-$8V5N M=&5R/CQB/CQF;VYT(&QA;F<],T1%3BU'0CY!6QE/3-$)U1%6%0M04Q)1TXZ8V5N=&5R.R!-05)'24XZ,&EN(#!I;B`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`Z,&EN)R!V86QI9VX],T1B M;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@ M;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('=I9'1H M/3-$-"4@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O M;G0@;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('-T M>6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P M9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/3$]2.G1R M86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I M;CL@0D]21$52+51/4#HC9C!F,&8P.R!"3U)$15(M4DE'2%0Z(V8P9C!F,#L@ M4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1B;W1T;VT^(#QP('-T>6QE/3-$ M)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/CPO9F]N M=#XF;F)S<#L\+W`^/"]T9#X@/'1D('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ M(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ M,&EN.R!"04-+1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q% M1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I;CL@0D]21$52+51/4#HC9C!F,&8P M.R!"3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI M9VX],T1B;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^ M/&9O;G0@;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D M('=I9'1H/3-$,3(E(&-O;'-P86X],T0R('-T>6QE/3-$)T)/4D1%4BU"3U14 M3TTZ8FQA8VL@,7!T('-O;&ED.R!"3U)$15(M3$5&5#HC9C!F,&8P.R!0041$ M24Y'+4)/5%1/33HP:6X[($)!0TM'4D]53D0M0T],3U(Z=')A;G-P87)E;G0[ M(%!!1$1)3D6QE M/3-$)U1%6%0M04Q)1TXZ8V5N=&5R.R!-05)'24XZ,&EN(#!I;B`P<'0G(&%L M:6=N/3-$8V5N=&5R/CQB/CQF;VYT(&QA;F<],T1%3BU'0CY!6QE/3-$)U1%6%0M24Y$14Y4.BTQ,G!T.R!-05)'24XM3$5&5#HQ,G!T)SX\ M9F]N="!L86YG/3-$14XM1T(^06-C;W5N=',@<&%Y86)L93PO9F]N=#X\+W`^ M/"]T9#X@/'1D('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]2 M1$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$24Y' M+4Q%1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I;CL@0D%#2T=23U5.1#HC9&)E M-68Q.R!"3U)$15(M5$]0.B-F,&8P9C`[($)/4D1%4BU224=(5#HC9C!F,&8P M.R!0041$24Y'+51/4#HP:6XG('9A;&EG;CTS1&)O='1O;3X@/'`@6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U14 M3TTZ,&EN.R!0041$24Y'+4Q%1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I;CL@ M0D%#2T=23U5.1#HC9&)E-68Q.R!"3U)$15(M5$]0.B-F,&8P9C`[($)/4D1% M4BU224=(5#HC9C!F,&8P.R!0041$24Y'+51/4#HP:6XG('9A;&EG;CTS1&)O M='1O;3X@/'`@6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z M(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$24Y'+4Q%1E0Z,&EN M.R!724142#HQ-"XS,B4[(%!!1$1)3D6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5. M+4="/B9N8G-P.R`\+V9O;G0^/"]P/CPO=&0^(#QT9"!S='EL93TS1"="3U)$ M15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU,1494.B-F,&8P9C`[(%!!1$1) M3D6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^ M/&9O;G0@;&%N9STS1$5.+4="/B0\+V9O;G0^/"]P/CPO=&0^(#QT9"!W:61T M:#TS1#$Q)2!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1% M4BU,1494.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)TU!4D=)3CHP:6X@ M,&EN(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^ M/"]T9#X@/'1D('=I9'1H/3-$-"4@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^ M/&9O;G0@;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D M('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z M(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$24Y'+4Q%1E0Z,&EN M.R!0041$24Y'+5))1TA4.C!I;CL@0D%#2T=23U5.1#HC9&)E-68Q.R!"3U)$ M15(M5$]0.B-F,&8P9C`[($)/4D1%4BU224=(5#HC9C!F,&8P.R!0041$24Y' M+51/4#HP:6XG('9A;&EG;CTS1&)O='1O;3X@/'`@6QE/3-$)U1% M6%0M04Q)1TXZ6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F M,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!" M04-+1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN M.R!0041$24Y'+5))1TA4.C!I;CL@0D]21$52+51/4#HC9C!F,&8P.R!"3U)$ M15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1T M;W`^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="`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`^/"]T9#X@ M/'1D('=I9'1H/3-$,"4@6QE/3-$)TU!4D=)3CHQ,G!T(#!I;B`P<'0G/CQF;VYT(&QA;F<],T1%3BU' M0CY!9&1I=&EO;F%L('!A:60@:6X@8V%P:71A;#PO9F]N=#X\+W`^/"]T9#X@ M/'1D('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q% M1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$24Y'+4Q%1E0Z M,&EN.R!0041$24Y'+5))1TA4.C!I;CL@0D%#2T=23U5.1#HC9&)E-68Q.R!" M3U)$15(M5$]0.B-F,&8P9C`[($)/4D1%4BU224=(5#HC9C!F,&8P.R!0041$ M24Y'+51/4#HP:6XG('9A;&EG;CTS1&)O='1O;3X@/'`@6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P M9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN M.R!0041$24Y'+4Q%1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I;CL@0D%#2T=2 M3U5.1#HC9&)E-68Q.R!"3U)$15(M5$]0.B-F,&8P9C`[($)/4D1%4BU224=( M5#HC9C!F,&8P.R!0041$24Y'+51/4#HP:6XG('9A;&EG;CTS1&)O='1O;3X@ M/'`@6QE M/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F M,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$24Y'+4Q%1E0Z,&EN.R!72414 M2#HQ-"XS,B4[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]2 M1$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$24Y' M+4Q%1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I;CL@0D%#2T=23U5.1#HC9&)E M-68Q.R!"3U)$15(M5$]0.B-F,&8P9C`[($)/4D1%4BU224=(5#HC9C!F,&8P M.R!0041$24Y'+51/4#HP:6XG('9A;&EG;CTS1&)O='1O;3X@/'`@6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P M9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN M.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HP+C8E.R!0041$24Y'+5))1TA4 M.C!I;CL@0D%#2T=23U5.1#HC9&)E-68Q.R!"3U)$15(M5$]0.B-F,&8P9C`[ M($)/4D1%4BU224=(5#HC9C!F,&8P.R!0041$24Y'+51/4#HP:6XG('9A;&EG M;CTS1&)O='1O;3X@/'`@6QE/3-$)T)/4D1%4BU"3U143TTZ M(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ M,&EN.R!0041$24Y'+4Q%1E0Z,&EN.R!0041$24Y'+5))1TA4.C!I;CL@0D%# M2T=23U5.1#HC9&)E-68Q.R!"3U)$15(M5$]0.B-F,&8P9C`[($)/4D1%4BU2 M24=(5#HC9C!F,&8P.R!0041$24Y'+51/4#HP:6XG('9A;&EG;CTS1&)O='1O M;3X@/'`@6QE/3-$)TU! M4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/B0\+V9O;G0^ M/"]P/CPO=&0^(#QT9"!W:61T:#TS1#$P)2!S='EL93TS1"="3U)$15(M0D]4 M5$]-.B-F,&8P9C`[($)/4D1%4BU,1494.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52 M+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$ M+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!0041$24Y' M+5))1TA4.C!I;CL@0D]21$52+51/4#HC9C!F,&8P.R!"3U)$15(M4DE'2%0Z M(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1T;W`^(#QP('-T M>6QE/3-$)U1%6%0M24Y$14Y4.BTQ,G!T.R!-05)'24XM3$5&5#HP+C5I;B<^ M/&9O;G0@;&%N9STS1$5.+4="/E1O=&%L('-T;V-K:&]L9&5R6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F M,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!" M04-+1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN M.R!0041$24Y'+5))1TA4.C!I;CL@0D]21$52+51/4#HC9C!F,&8P.R!"3U)$ M15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1B M;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@ M;&%N9STS1$5.+4="/B0\+V9O;G0^/"]P/CPO=&0^(#QT9"!W:61T:#TS1#$T M)2!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU,1494 M.B-F,&8P9C`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`Z,&EN)R!V86QI9VX],T1B;W1T;VT^(#QP('-T>6QE M/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/CPO M9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('=I9'1H/3-$-"4@6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z M(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/3$]2 M.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HQ,"XW,B4[ M(%!!1$1)3D6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5. M+4="/CPO9F]N=#XF;F)S<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A M;&EG;CTS1&IU6QE M/3-$)U=)1%1(.C$P,"4[($)/4D1%4BU#3TQ,05!313IC;VQL87!S92<@8V5L M;'!A9&1I;F<],T0P(&-E;&QS<&%C:6YG/3-$,#X@/'1R/B`\=&0@=VED=&@] M,T0T)2!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU, M1494.B-F,&8P9C`[(%!!1$1)3D28C,30V.W,@36%R8V@@,S$L(#(P,3(@9FEN86YC:6%L('-T871E;65N M=',L('!R:6UA2!C;VYS:7-T:6YG(&]F(&%D:G5S=&UE;G0@=&\@<')O M<&5R;'D@2X@/"]F M;VYT/CPO<#X\+W1D/CPO='(^/"]T86)L93X@/'`@2`H1&5F:6-I="D@9F]R('1H92!P97)I;V0@96YD960@4V5P=&5M8F5R(#,Q M+"`R,#$Q.B`\+V9O;G0^/"]P/B`\<"!S='EL93TS1"=-05)'24XZ,&EN(#!I M;B`P<'0G/CQF;VYT(&QA;F<],T1%3BU'0CX\+V9O;G0^)FYB6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q% M1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/ M3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HT."XT M)3L@4$%$1$E.1RU224=(5#HP:6X[($)/4D1%4BU43U`Z(V8P9C!F,#L@0D]2 M1$52+5))1TA4.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52 M+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$ M+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HQ M+C4E.R!0041$24Y'+5))1TA4.C!I;CL@0D]21$52+51/4#HC9C!F,&8P.R!" M3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX] M,T1B;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O M;G0@;&%N9STS1$5.+4="/B9N8G-P.R`\+V9O;G0^/"]P/CPO=&0^(#QT9"!W M:61T:#TS1#$U)2!C;VQS<&%N/3-$,B!S='EL93TS1"="3U)$15(M0D]45$]- M.F)L86-K(#%P="!S;VQI9#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E. M1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0 M041$24Y'+4Q%1E0Z,&EN.R!724142#HQ-2XV-B4[(%!!1$1)3D6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N M9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('=I9'1H/3-$ M,24@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@ M;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('=I9'1H M/3-$,3(E(&-O;'-P86X],T0R('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ8FQA M8VL@,7!T('-O;&ED.R!"3U)$15(M3$5&5#HC9C!F,&8P.R!0041$24Y'+4)/ M5%1/33HP:6X[($)!0TM'4D]53D0M0T],3U(Z=')A;G-P87)E;G0[(%!!1$1) M3D6QE/3-$)U1% M6%0M04Q)1TXZ8V5N=&5R.R!-05)'24XZ,&EN(#!I;B`P<'0G(&%L:6=N/3-$ M8V5N=&5R/CQB/CQF;VYT(&QA;F<],T1%3BU'0CY!6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U14 M3TTZ,&EN.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HT."XT)3L@4$%$1$E. M1RU224=(5#HP:6X[($)!0TM'4D]53D0Z(V1B935F,3L@0D]21$52+51/4#HC M9C!F,&8P.R!"3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN M)R!V86QI9VX],T1T;W`^(#QP('-T>6QE/3-$)U1%6%0M24Y$14Y4.BTQ,G!T M.R!-05)'24XM3$5&5#HQ,G!T)SX\9F]N="!L86YG/3-$14XM1T(^0V%P:71A M;"!C;VYT3PO9F]N=#X\+W`^ M/"]T9#X@/'1D('=I9'1H/3-$,24@6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@ M0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$ M24Y'+4Q%1E0Z,&EN.R!724142#HR+C`V)3L@4$%$1$E.1RU224=(5#HP:6X[ M($)!0TM'4D]53D0Z(V1B935F,3L@0D]21$52+51/4#HC9C!F,&8P.R!"3U)$ M15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1B M;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@ M;&%N9STS1$5.+4="/B0\+V9O;G0^/"]P/CPO=&0^(#QT9"!W:61T:#TS1#$S M)2!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU,1494 M.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@ M0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0041$ M24Y'+4Q%1E0Z,&EN.R!724142#HQ+C,T)3L@4$%$1$E.1RU224=(5#HP:6X[ M($)!0TM'4D]53D0Z(V1B935F,3L@0D]21$52+51/4#HC9C!F,&8P.R!"3U)$ M15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX],T1B M;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@ M;&%N9STS1$5.+4="/B0\+V9O;G0^/"]P/CPO=&0^(#QT9"!W:61T:#TS1#$P M)2!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU,1494 M.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/4D1%4BU" M3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU" M3U143TTZ,&EN.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HP+C(R)3L@4$%$ M1$E.1RU224=(5#HP:6X[($)!0TM'4D]53D0Z(V1B935F,3L@0D]21$52+51/ M4#HC9C!F,&8P.R!"3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z M,&EN)R!V86QI9VX],T1B;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@ M,&EN(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\+W`^ M/"]T9#X@/'1D('=I9'1H/3-$,B4@6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F M,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!0 M041$24Y'+4Q%1E0Z,&EN.R!724142#HQ+C0T)3L@4$%$1$E.1RU224=(5#HP M:6X[($)!0TM'4D]53D0Z(V1B935F,3L@0D]21$52+51/4#HC9C!F,&8P.R!" M3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN)R!V86QI9VX] M,T1B;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O M;G0@;&%N9STS1$5.+4="/B0\+V9O;G0^/"]P/CPO=&0^(#QT9"!W:61T:#TS M1#$P)2!S='EL93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU, M1494.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)TU!4D=)3CHP M:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/CPO9F]N=#XF;F)S<#L\ M+W`^/"]T9#X\+W1R/B`\='(^(#QT9"!W:61T:#TS1#0X)2!S='EL93TS1"=" M3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU,1494.B-F,&8P9C`[(%!! M1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F M,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!" M04-+1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN M.R!724142#HQ+C4E.R!0041$24Y'+5))1TA4.C!I;CL@0D]21$52+51/4#HC M9C!F,&8P.R!"3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN M)R!V86QI9VX],T1B;W1T;VT^(#QP('-T>6QE/3-$)TU!4D=)3CHP:6X@,&EN M(#!P="<^/&9O;G0@;&%N9STS1$5.+4="/B9N8G-P.R`\+V9O;G0^/"]P/CPO M=&0^(#QT9"!W:61T:#TS1#(E('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P M9C!F,#L@0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN M.R!"04-+1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z M,&EN.R!724142#HR+C`V)3L@4$%$1$E.1RU224=(5#HP:6X[($)/4D1%4BU4 M3U`Z(V8P9C!F,#L@0D]21$52+5))1TA4.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ M6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@ M0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+ M1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!7 M24142#HQ,"XX."4[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q% M1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/ M3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HP+C(R M)3L@4$%$1$E.1RU224=(5#HP:6X[($)/4D1%4BU43U`Z(V8P9C!F,#L@0D]2 M1$52+5))1TA4.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52 M+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$ M+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HR M+C`V)3L@4$%$1$E.1RU224=(5#HP:6X[($)/4D1%4BU43U`Z(V8P9C!F,#L@ M0D]21$52+5))1TA4.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]2 M1$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/ M54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!72414 M2#HQ+CDT)3L@4$%$1$E.1RU224=(5#HP:6X[($)/4D1%4BU43U`Z(V8P9C!F M,#L@0D]21$52+5))1TA4.B-F,&8P9C`[(%!!1$1)3D6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5. M+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('=I9'1H/3-$,24@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS M1$5.+4="/B0\+V9O;G0^/"]P/CPO=&0^(#QT9"!W:61T:#TS1#$P)2!S='EL M93TS1"="3U)$15(M0D]45$]-.B-F,&8P9C`[($)/4D1%4BU,1494.B-F,&8P M9C`[(%!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ3X\+W`^(#QT86)L92!W:61T:#TS1#$P,24@6QE/3-$)TU!4D=)3CHQ,G!T(#!I;B`P<'0G/CQF M;VYT(&QA;F<],T1%3BU'0CY4;R!C;W)R96-T(&-E2!R96-O M9VYI>F4@=&AE(&%S7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA2!T;R!#;VYT:6YU92!A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$ M34%21TE..C!P>"!A;&EG;CTS1&IU6QE/3-$34%21TE..C!P M>"!A;&EG;CTS1&IU'!L;W)A=&EO;B!A M;F0@9&5V96QO<&UE;G0@28C,30V.W,@>65A6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU'!L;W)A=&EO;B!,3$,@*"8C M,30W.TM20R8C,30X.RD@:6X@=&AE(%-T871E(&]F($YE=F%D82P@56YI=&5D M(%-T871E3Y/ M;B!!=6=UF%T:6]N('9A;'5E2!D:69F97)E;G0@9G)O;2!C87)R>6EN9R!V86QU97,@ M87,@2!T;R!T:&4@8V%R2!B92!U;F%B;&4@=&\@8V]N=&EN=64@87,@82!G;VEN9R!C;VYC97)N M+B`F;F)S<#M4:&4@0V]M<&%N>2!H87,@>65T('1O(&%C:&EE=F4@<')O9FET M86)L92!O<&5R871I;VYS+"!H87,@86-C=6UU;&%T960@;&]S2!I=',@ M;&EA8FEL:71I97,@87)I2!C;VUE(&1U92X\+W`^(#QP('-T>6QE/3-$34%2 M1TE..C!P>"!A;&EG;CTS1&IU2!W:6QL(&)E(&%B;&4@ M=&\@;V)T86EN(&%D9&ET:6]N86P@9G5N9',@8GD@97%U:71Y(&9I;F%N8VEN M9R!A;F0O;W(@2!A9'9A;F-E2!I;B!T:&4@979E;G0@=&AE M($-O;7!A;GD@8V%N;F]T(&-O;G1I;G5E(&EN(&5X:7-T96YC92X\+W`^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@ M(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C,SAB.#,R M95\Y83`W7S0Y,V)?86%F.%]B,SEA8F)E8S9B,68-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO8S,X8C@S,F5?.6$P-U\T.3-B7V%A9CA?8C,Y86)B M96,V8C%F+U=O'0O:'1M;#L@8VAA'0^/"$M+65G>"TM/CQP('-T>6QE/3-$34%21TE..C!P>"!A M;&EG;CTS1&IU6QE M/3-$34%21TE..C!P>"!A;&EG;CTS1&IU2!H879E(&)E96X@<')E<&%R M960@:6X@86-C;W)D86YC92!W:71H(&%C8V]U;G1I;F<@<')I;F-I<&QE3Y4:&4@9FEN86YC:6%L('-T871E;65N=',@:&%V92P@ M:6X@;6%N86=E;65N="8C,30V.W,@;W!I;FEO;BP@8F5E;B!P2!P MF5D(&)E;&]W.CPO<#X@ M/'`@3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU3XF;F)S<#L\+W`^(#QP('-T M>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU2P@=&AE('-T871E;65N=',@;V8@;W!E2!T:&%T(&]F($MI;F5T:6,@4F5S;W5R8V5S($-O M3X\ M=3Y$979E;&]P;65N="!3=&%G92!#;VUP86YY/"]U/CPO<#X@/'`@3XF;F)S<#L\+W`^(#QP('-T M>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU'!L;W)A=&EO;B!S=&%G92!C;VUP86YY+B`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`@3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU2!M971H;V0@ M;V8@86-C;W5N=&EN9R!F;W(@:6YC;VUE('1A>&5S+B`F;F)S<#M$969E"!B87-E&%B;&4@:6YC M;VUE(&EN('1H92!Y96%R3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU M"!A6QE M/3-$34%21TE..C!P>"!A;&EG;CTS1&IU6QE/3-$34%21TE..C!P M>"!A;&EG;CTS1&IU3X\=3Y.97=L M>2!A9&]P=&5D(&%C8V]U;G1I;F<@<&]L:6-I97,\+W4^/"]P/B`\<"!S='EL M93TS1$U!4D=)3CHP<'@@86QI9VX],T1J=7-T:69Y/B9N8G-P.SPO<#X@/'`@ M3Y4:&4@0V]M<&%N M>2!W:6QL(&%D;W!T($9!4T(@05-#(%1O<&EC(#,R-2TS,"`F(S$T-SM);G9E M3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG M;CTS1&IU6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU2!R96-L87-S:69I960@8V]M;6]N('-T;V-K(&9R;VT@=&AE M(&)A;&%N8V4@3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C,SAB.#,R95\Y83`W7S0Y M,V)?86%F.%]B,SEA8F)E8S9B,68-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO8S,X8C@S,F5?.6$P-U\T.3-B7V%A9CA?8C,Y86)B96,V8C%F+U=O M'0O:'1M M;#L@8VAA3QB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^ M/"$M+65G>"TM/CQP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU3PO=3X\+W`^ M(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU6QE/3-$34%21TE..C!P M>"!A;&EG;CTS1&IU3XF;F)S M<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@;&%N9STS1$5. M+4="/CPO9F]N=#XF;F)S<#L\+W`^/"]T9#X@/'1D('=I9'1H/3-$,3$Q(&-O M;'-P86X],T0R('-T>6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O M;G0@6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="<^/&9O;G0@6QE/3-$)V)O M6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)V)O6QE/3-$)U1% M6%0M04Q)1TXZ6QE/3-$)U1%6%0M04Q)1TXZ6QE M/3-$)TU!4D=)3CHP:6X@,&EN(#!P="`Y+C6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)TU!4D=)3CHP:6X@ M,&EN(#!P="`Q,2XQ-7!T.R!T86(M6QE/3-$)U1%6%0M04Q)1TXZ M6QE/3-$)V)O'0@,7!T('-O;&ED.R!B;W)D97(M;&5F=#H@(V8P9C!F M,#L@<&%D9&EN9RUB;W1T;VTZ(#!I;CL@<&%D9&EN9RUL969T.B`P+C`U:6X[ M('=I9'1H.B`U-2XQ-7!T.R!P861D:6YG+7)I9VAT.B`P+C`U:6X[(&)A8VMG M6QE/3-$)V)O'0@,7!T('-O M;&ED.R!B;W)D97(M;&5F=#H@(V8P9C!F,#L@<&%D9&EN9RUB;W1T;VTZ(#!I M;CL@8F%C:V=R;W5N9"UC;VQO6QE M/3-$)U1%6%0M04Q)1TXZ6QE M/3-$)V)O'0@,7!T('-O;&ED.R!B;W)D M97(M;&5F=#H@(V8P9C!F,#L@<&%D9&EN9RUB;W1T;VTZ(#!I;CL@8F%C:V=R M;W5N9"UC;VQO6QE/3-$)U1%6%0M M04Q)1TXZ6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O'0@ M,2XU<'0@9&]U8FQE.R!B;W)D97(M;&5F=#H@(V8P9C!F,#L@<&%D9&EN9RUB M;W1T;VTZ(#!I;CL@8F%C:V=R;W5N9"UC;VQO6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)TU!4D=)3CHP:6X@,&EN(#!P="`Q,2XQ-7!T.R!T86(M M6QE M/3-$)U1%6%0M04Q)1TXZ6QE M/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O'0@,2XU<'0@9&]U8FQE.R!B;W)D97(M;&5F=#H@(V8P M9C!F,#L@<&%D9&EN9RUB;W1T;VTZ(#!I;CL@8F%C:V=R;W5N9"UC;VQO6QE/3-$)U1%6%0M04Q)1TXZ6QE/3-$)U1%6%0M24Y$14Y4.C!I;CL@34%21TE..C!I;B`P M:6X@,'!T)SX\9F]N="!L86YG/3-$14XM1T(^/"]F;VYT/B9N8G-P.SPO<#X@ M/'`@3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU2!W:&5R96)Y(#@R-"PP,#`@86YD(#0V-2PP M,#`L(&-O;6UO;B!S:&%R97,L(')E2P@=V5R92!R971U2!A;F0@8V%N8V5L;&5D("A3964@3F]T92`X(%-U8G-E M<75E;G0@179E;G1S*2X\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%]C,SAB.#,R95\Y83`W7S0Y,V)?86%F.%]B,SEA8F)E M8S9B,68-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO8S,X8C@S,F5? M.6$P-U\T.3-B7V%A9CA?8C,Y86)B96,V8C%F+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M3Y&86ER('9A;'5E(&ES(&1E M9FEN960@87,@=&AE('!R:6-E('1H870@=V]U;&0@8F4@2!I;B!A;B!OF5S('1H92!I;G!U=',@:6YT M;R!T:')E92!L979E;',@8F%S960@;VX@=&AE(&5X=&5N="!T;R!W:&EC:"!I M;G!U=',@=7-E9"!I;B!M96%S=7)I;F<@9F%I2!T:&4@;&]W97-T(&QE=F5L(&EN M<'5T('1H870@:7,@3XF;F)S M<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU3Y,979E;"`R("T@:6YP=71S(&%R92!B87-E M9"!U<&]N('-I9VYI9FEC86YT(&]B3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS M1&IU6%B;&4@86YD(&%C8W)U960@ M;&EA8FEL:71I97,@:6X@;6%N86=E;65N="8C,30V.W,@;W!I;FEO;B!A<'!R M;WAI;6%T92!T:&5I2!I7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A2!4'0^/"$M+65G>"TM/CQP('-T>6QE M/3-$34%21TE..C!P>"!A;&EG;CTS1&IU3Y/ M;B!!=6=U&-H86YG M92X@)FYB3Y/;B!&96)R=6%R>2`Q,2P@,C`Q M,2P@=&AE($-O;7!A;GD@:7-S=65D(&$@<')O;6ES2!N;W1E(&]F("0R M-2PP,#`@=&\@=&AE($-O;7!A;GDF(S$T-CMS('!R97-I9&5N="!A;F0@2!N;W1E(&ES('5N2`R."P@,C`Q M,RX@)FYB2!A8V-R=65D("0R-34@ M*'1H3Y/;B!-87D@,3`L(#(P,3$L('1H92!#;VUP86YY M(&ES&-H86YG92X@)FYB6QE/3-$34%21TE..C!P>"!A M;&EG;CTS1&IU2!I28C,30V.W,@<')E2!A8V-R=65D("0Q-2`H=&AR964@;6]N=&@@<&5R M:6]D(&5N9&5D(%-E<'1E;6)E6%B;&4@86YD(&%C8W)U960@:6YT97)E7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$ M34%21TE..C!P>"!A;&EG;CTS1&IU2!I3Y/;B!.;W9E;6)E2!W:&5R96)Y(#@R-"PP,#`@86YD(#0V-2PP,#`L M(&-O;6UO;B!S:&%R97,L(')E2P@=V5R92!R971U2!A;F0@8V%N8V5L;&5D+B!$=64@=&\@=&AE(&9A8W0@=&AA M="!T:&4@&-H86YG92!O9B!C;VYS:61E7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^/"$M+65G>"TM/CQP('-T>6QE/3-$34%2 M1TE..C!P>"!A;&EG;CTS1&IU3Y/;B!397!T96UB97(@,2P@,C`Q,2P@=&AE($-O;7!A;GD@ M96YT97)E9"!I;G1O(&$@;&5A28C,30V.W,@8V]M;6ET;65N M="!F;W(@86YN=6%L(&UI;FEM=6T@9G5T=7)E(&QE87-E('!A>6UE;G1S('5N M9&5R(&]F9FEC92!R96YT86P@86=R965M96YT6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU"!C96QL<&%D9&EN9STS1#`@8V5L;'-P86-I;F<],T0P(&%L:6=N/3-$ M8V5N=&5R/B`\='(^(#QT9"!W:61T:#TS1#$X,SX\+W1D/B`\=&0@=VED=&@] M,T0Q-3X\+W1D/B`\=&0@=VED=&@],T0W.3X\+W1D/CPO='(^(#QT6QE/3-$34%21TE. M+51/4#HP<'@@=F%L:6=N/3-$=&]P/B`\<"!S='EL93TS1$U!4D=)3CHP<'@@ M86QI9VX],T1J=7-T:69Y/C(P,3(\+W`^/"]T9#X@/'1D('=I9'1H/3-$,34@ M"!V86QI9VX],T1T;W`^(#QP('-T>6QE M/3-$34%21TE..C!P>"!A;&EG;CTS1&IU3XR,RPX M,C@\+W`^/"]T9#X\+W1R/B`\='(^(#QT9"!W:61T:#TS1#$X,R!S='EL93TS M1$U!4D=)3BU43U`Z,'!X('9A;&EG;CTS1'1O<#X@/'`@3XR,#$S/"]P/CPO=&0^(#QT9"!W:61T M:#TS1#$U('-T>6QE/3-$34%21TE.+51/4#HP<'@@=F%L:6=N/3-$=&]P/B`\ M<"!S='EL93TS1$U!4D=)3CHP<'@@86QI9VX],T1J=7-T:69Y/B0\+W`^/"]T M9#X@/'1D('=I9'1H/3-$-SD@"!V86QI M9VX],T1T;W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU"!V86QI M9VX],T1T;W`^(#QP('-T>6QE/3-$34%21TE..C!P>"!A;&EG;CTS1&IU3XD/"]P/CPO=&0^(#QT9"!W:61T:#TS1#6QE/3-$34%21TE.+51/4#HP<'@@=F%L:6=N/3-$=&]P/B`\<"!S='EL93TS M1$U!4D=)3CHP<'@@86QI9VX],T1J=7-T:69Y/C4L,CDU/"]P/CPO=&0^/"]T M3Y!9&1I=&EO;F%L(&9E97,@86YD('1A>&5S M(&]F(&%P<')O>&EM871E;'D@)#(L-30Q('!E2!D97!O7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M87,M M;6EC'1087)T7V,S.&(X,S)E7SEA =,#=?-#DS8E]A868X7V(S.6%B8F5C-F(Q9BTM#0H` ` end XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Nature of Operations and Ability to Continue as a Going Concern
3 Months Ended
Sep. 30, 2011
Organization, Consolidation and Presentation of Financial Statements  
Nature of Operations

Note 2  Nature of Operations and Ability to Continue as a Going Concern

 

The Company was incorporated in the state of Nevada, United States of America on March 4, 2010.  The Company is an exploration stage company and was formed for the purpose of acquiring exploration and development stage mineral properties.  The Company’s year-end is June 30.

 

On June 4, 2010, the Company incorporated a wholly-owned subsidiary, KRC Exploration LLC (“KRC”) in the State of Nevada, United States of America (“USA”) for the purpose of mineral exploration in the USA.

 

On August 31, 2011, the Company changed its business focus to the development of a portfolio of life settlement policies and sold KRC to the former president.

 

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year.  Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.  The Company has yet to achieve profitable operations, has accumulated losses of $125,701 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.  The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing from shareholders or other sources to meet its obligations and repay its liabilities arising from normal business operations when they come due.

 

Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on acceptable terms, if at all.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BALANCE SHEETS (unaudited) (USD $)
Sep. 30, 2011
Jun. 30, 2011
Current assets    
Cash $ 413 $ 5,958
Total current assets 413 5,958
Total assets 413 5,958
Current liabilities    
Accounts payable 14,654 2,612
Total current liabilities 14,654 2,612
Long term liabilities    
Accrued interest   655
Notes payable, related party   50,000
Total long term liabilities   50,655
Total liabilities 14,654 53,267
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.001 par value 10,000,000 shares authorized, none outstanding      
Common stock, $0.001 par value 90,000,000 shares authorized 3,550,000 shares issued and outstanding 3,550 3,550
Additional paid in capital 107,910 26,228
Deficit accumulated during the exploration stage (125,701) (75,798)
Total stockholders' deficit (14,241) (47,309)
Total liabilities and stockholders' deficit $ 413 $ 5,958 [1]
[1] The numbers in this column, for the fiscal year ended June 30, 2011, are derived from audited financials.
XML 16 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
INTERIM STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended 19 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash Flows Used in Operating Activities      
Net loss $ (49,903) $ (19,967) $ (125,701)
Adjustments to reconcile net loss to net cash used by operating activities:      
Non cash interest expense - capital contribution 226   902
Accrued interest 372   1,027
Accounts payable and accrued liabilities 33,760 1,068 36,372
Net cash used in operating activities (15,545) (18,899) (87,400)
Cash Flows from Financing Activities      
Proceeds from capital stock issued     27,813
Due to related party   (500)  
Proceeds from notes payable, related party 10,000 15,000 60,000
Net cash provided by financing activities 10,000 14,500 87,813
Increase (decrease) in cash during the period (5,545) (4,399) 413
Cash, beginning of the period 5,958 27,841  
Cash, end of the period 413 23,442 413
Supplemental information      
Interest and taxes paid in cash         
Non-cash activities      
Accounts payable assumed with sale of subsidiary 21,718   21,718
Notes payable and accrued interest assumed with sale of subsidiary $ 61,027   $ 61,027
XML 17 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, 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; } }, 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( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 18 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Basis of Presentation
3 Months Ended
Sep. 30, 2011
Accounting Policies  
Business Description and Basis of Presentation

Note 1 Basis of Presentation

 

While the information presented in the accompanying September 30, 2011 interim financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim period presented in accordance with the accounting principles generally accepted in the United States of America.  In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature.  These interim consolidated financial statements should be read in conjunction with the Company’s June 30, 2011 audited financial statements (notes thereto) included in the Company’s Annual Report on Form 10-K.

 

Operating results for the three months ended September 30, 2011 are not necessarily indicative of the results that can be expected for the year ending June 30, 2012.

 

Restatement

 

Upon completion of the Company’s March 31, 2012 financial statements, accounting errors were discovered that required the restatement of amounts previously reported. Additionally, it was determined that the sale of our subsidiary KRC Exploration LLC was accounted for incorrectly.  Under the terms of the Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”),  amounts included in accounts payable before the execution of the Agreement should have been assumed by the Company’s subsidiary.

 

The following is a summary of the impact of these restatements on the Company’s Balance Sheets at September 30, 2011:

 

 

 

September 30, 2011

 

 

As Previously



Reported

 

Error



Correction

 

 

 

 

 

As Restated

Accounts payable

 

$

36,372

 

$

(21,718)

 

 

(a)

 

 

$

14,654

Total current liabilities

 

$

36,372

 

$

(21,718)

 

 

(a)

 

 

$

14,654

Additional paid in capital

 

$

86,192

 

$

21,718

 

 

(a)

 

 

$

107,910

Total stockholders’ equity (deficit)

 

$

(35,959)

 

$

21,718

 

 

(a)

 

 

$

(14,241)

 

(a)

To correct certain errors discovered upon completion of the Company’s March 31, 2012 financial statements, primarily consisting of adjustment to properly recognize the assumption of liabilities by the Company’s former subsidiary.

 

The following is a summary of the impact of these restatements on the Company’s Statements of Stockholders’ Equity (Deficit) for the period ended September 31, 2011:

 

 

 

As Previously



Reported

 

 

Error



Correction

 

 

 

 

 

As Restated

 

Capital contribution- Sale of subsidiary

 

$

61,027

 

 

$

21,718

 

 

(a

)

 

$

82,7458

 

Balance September 30, 2011 – Additional paid in capital

 

$

86,192

 

 

$

21,718

 

 

(a

)

 

$

107,910

 

 

(a)

To correct certain errors discovered upon completion of the Company’s March 31, 2012 financial statements, primarily consisting of adjustment to properly recognize the assumption of liabilities by the Company’s former subsidiary.

 

XML 19 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)
Sep. 30, 2011
Jun. 30, 2011
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 90,000,000 90,000,000
Common stock, shares issued 3,550,000 3,550,000
Common stock, shares outstanding 3,550,000 3,550,000
ZIP 20 0001393905-12-000327-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001393905-12-000327-xbrl.zip M4$L#!!0````(`&$PVD">ZR^WL#$``+L<`@`1`!P`:VYT8RTR,#$Q,#DS,"YX M;6Q55`D``]:(Z4_6B.E/=7@+``$$)0X```0Y`0``[#UM4R,WTI_OJNX_*)6[ ML*FRC<&8B:6R\O_ZZ-:\V8\`&C,!3 MJ238(W6W^KU;8^G=OZ]'+ADS(;GOO=^R:O4MPCS;=[@W>+_%I5_=VVMWJM;6 MOW_YQ]_?_5"MDB_"=T*;.:0W)<=''[L7,N2*$>GWU80*5B%=9TP]''#HCX)0 M,4%./,\?4P489`4^V+4*/`NF@@^&BKPY_)DTZO6]:J-N-6ID,IG4F#.@0H.M MV?Z(5*N(^[HG7`+$>G+?8?S]UE"I8'][&[^N26;7!OYX&QYL(YAJW:HVK:UX M>)^[Z7#/]Q@.L>J=9CT>D#Y$W!J>+P8PJ-[7]I"-:/7&+)=[WXKF69U.9UL_38;>&#E+#S[N49E!AJ=\"?I#61U0&J0S M^E3V].CX00'W0`=:#6OW-B31B&0"L-@+1\7C'26VU31@*(KOQL*UG^_]>U:.EMD6\,!;=D_\FV@PE-7,)W8OJ?8M;K`67]8UF_-K5^L>O6W=]OS(V], M_P(+\9UCSSFBJA`.XJ_6.]5F?1;:S,04;!<>.?CX@TL'1>#ZU)4L@C0S-H5P M["FNIA=LP*42U%-G=%1(UZ'P)Q[INBY'-2&'-."*NN14.1'T(CAS2`X!MZ#N MB>>PZT]L6H2E#O;1VMMM-3MYJ',34["'H1"X'BYMZO[!J+B%K]5J?2=EZJ*) M%Y%Z.J`M#R`4+?*'`$VI71KUIGOH9*/,LB0A)YU\JJD)9 MA.H/)F=84CAQ#OK_^6[H*2HB$@K!GOEYJ',3YL#]SESWDP=J<,FH!/?HG$@9 MPNKO!+M@X@WCR.3Q`;XII!?=SJQAS$U:`#0RGX5@?[.*@.8F:;"Q[]N'R-9G M$@,A=3\P)DGH\0CLL&*_JZQV][+ M,2L%M`+X(D&TK-:C0+_+5-J=SIUX\JY.FQ*F+K:Z9&+,;2:/KP/F2;8Z$>WZ M`F^^&-D,?7'BQK\S&"Z5/.]_]0+ACYD#P`(&R03.L]W08CUK*%2N%[6&.[1G[VD6`XKF^D)_KP$M'Q]GU'H>W*JX[DI2 M[H_T(_.8T#;6=4;&P"V(HWKM)X"UUV.K[EW)]J$Y>?@^B@6U2>>[8_8J2^79VFU M!52T,S$6P'P0SL)\U.IT=G:?"N>=&6:CN;O;N#_V$P`MF%2K6FFUWK5OWP7A,A0=2E5^8N!Q2P0ZHY'8. MLW22)_>28KV61UL(_)'0%S)Z6?2_,]R+8$YW#-H]8&?AJ,?$>5^/EN>APBXZ M;HG,D14]OY(M!Z$DGM0RAPQ:0L>8!8&#AK'05;Z M!69C^,-OKX"D`]>WOQ6U\7YRU=L?JE4VN*Y6?QJHM_@Y(%)-7?;^I[]"7[W] MW+WX>'*V7P^NH\\$TM^!%S_\,Y2*]Z?1!YQ_YBM&+()@0ORLZ2%^G^0IPJ?; M88)N.\"_R$,Q_T1'P5NO)X/'!/K[D+N,J"$CW.O[8A05$T&T%N;`M_HAM>VH MBXT-[4L6*(9B),UZA>#N!`P#O\='I,\]ZMF"8P1^P'D=T`1,'A$/5`@'%@A'H-:5E(Q)!R/>`!,\A-I5#TG?]B23`@Y@;T8(" MW>^=90@R0SAZSV/"U3!E4.CI?G\@8'T\<&%]@RA1!:+@.7(M9>A7#[E!L$?/ M-$E=O9]%:R03\\FM+)CG'>B^Y`Y$'R?''5P.U8Q)EA`)&&`AZ,4LN8G\'#T2Z9`ABBU'#(@0@5+BH4ZY@,@.A4#N>%2%@N67>34$PE*&XS)\ MESL4V5.H3G+HAZX#E`!4JAD*<_X,/5M3F4HDWG;1>'ZT6CMO)?E/Z+%,9V.- M+$;RQO-1,`!(,.7_G"TYEE\!]*[GA0`DVG\A0,H'6#NQZM5/-=.]0)J8I1J1 MV($:"L;("/SJ4!+F(0<*S!_%#0Q+%8^#QG-PZ[8NR^:U30VI`IOS4(0,$B5; M2R%&.&54("(D)B^OAO%,Q/F]Y(\^<(RXU!O$HX_/JA\/LK$7+-4U30$.3\-% M[R4$CGLL\FO@HVWBKGK>Z128SF?=(JET#0_F@4;8V`+QQS/Y2@ID*;*W-JI.LXVM&AO]9A:D(E MI#?@ED:0A\30$:BDKM9I/Q3@^7K@=3GZVD\7AR37,2*GIX<:1$QWK./@2'P! M[E"YTUHF&(@'X+HCBP-\,N%5=P#FEU!_Z'MC-L6X4R%)R:I=<%=*D%0R[+,V M3CGD`4G*$9D,"T=!(HKS'H@W]OAO$%RY&"EANE%JP:W#_>17(EA4[\RRV4"0R>D-H@;)D+*_=M)V7;3%7F+KX M+F0BJ.60-U%8[6B$VA5SC@,[;!5_DC,*+C'F+.#9`75UOG(Y9`RU015X\7VR M/#M!\/K?0"VUSEE$BYCM\/$,1VW,P$0&10]26MDFW%'#>!B4M?^*Y9$G^?>3 MHZM?]W,/;>:Z`77TVVK15_7<$PE\OO$DPRJR/YT9-`?G%T?'%]6#\ZNK\\_[ M/_;K^,];$G]]>OSA*OOR2_?HZ.3L8S(8.`D#NX>?/EZGYY?[..K M,T`,OMJ1S=!P]/CDFXN3C[_&7\6XKLZ_W,`?C;I!``Z%J?'RQWFF]WRE_-'< M\M>K#/HOY9044&7RK4^O\RPBA71W_]ZK:/3WY>+8?>;*W9)$<;W5[R^29-[W\+>GF M4G9:I"K1GZ+TDJ67?`T"OU2,J:;L_^CT6+MO/;*TE1_<+>J3LZ/CLZO] MJM4(5"+JB&[\9BES[;'/8.*'KN4L)H[E>9NH[2(TO6\!D:OZGJLM;H>J[:SJ,]A@`C6 MYGK>-*S*KK7WLT&MQ!6:A09([#4V$)=O$9:"6&L"=4MCT`!)K,^)T27\5QG2 M7UX7L>1SR6<34M2U1ED+$I[2NV-/HK+3;IG4*35M4^.NGNE-P9!ZK9W`NJ<8 MKGP\8=&.3OHC+J<][G(\D^5Y0J]I,MB`!L;FL=RH+NJ*FW2W]%A?:\2(^JFE MD91^Z96RW*@6ZXI^Z98&[&OU2P8V6\OW-LUKNY;O;1K7@'WI[VV^_E;LYB4! MS]TL+#E>@N'Q;&_>U1@'S6K9F[&S.Z4=%/X;%3'M7RI]79A M16U6@[JLY2NMIO16RU=:#>FHEJ^TFME'W92`7B9.)9]?$Y^-ZI26K[3>T1^M M[U8Z5MVD!JEI>PL//`=@U?=;I?+M;T/?=9B0V2G6!`]V5U/RQF%];G-5[G&N M*WH\=V-U\UAN5(NU?.?UW@5#LUWIM#NE9RH]TVMEN5$]V/*MUQ?;C2W?>36O M+UN^\VI'CY_)DF]!>?]K!G.@5K@?+]4%4+;3[I?+XWW;=UT:2!9/>[R; M\TS-G]9@-LN?%U'F0P;R^T///X]NHR5SMP"FSM"Y)8K5_%F>):_[+9V MCW[;0@]KEE==5>Y/=57K96Y0'SX5;H4=QUMA1_%66'I]=GQ?_8V;NJW7=L=K M=D#_TP2C/8.BT5[-D"N=GOM6!G-D8M7:KT,D&W7)H8%M__*6PQ=@Z\W2_QHG MDY8AMOS<,GE1-Q69UX\JKZ8T>FO1%(UY9BMOF".31JU>>E[CHF&GS%",\UWE MJRKFV4F9-48RL5Y,UFCDRWJO[8)+X^VV:88*K-%L<]LGS]*K7J$;_=PG-SWV MM:2'T;%-N,NF!.^%6(U5R25U&6[-9+MA!MG7\OUJ`W[R]QJ+JQ7*IYNY$?KV26%@^E9(H;>*YH\BZ M3U'8,_C8J,W]8=D*>PD&R*M,@4M)/$<86;AO8(`DUOC;L1?AOU[Q,84KWL93 M9K\;ZK9:!KNM#Z=J.RVVJOF/ZNNV(T5UX;M*UB]$\`UKW!3LZ& M)]*O*MR8\DN1S=S=V?#?DIBTSU/FT*_'J2W<#WI9,GD=.;0IF9AY-\D8;T<; M_3.;Z,\-.@?R-M5[FK,?9S#]>JQUI]VJ-=MY]IE^.&3-6A!M9A>TYKVYAUY; MO]2!D7G1=-KFR*;3KNTM2,]>M'#*4R87:>1"__T,/OO==BBK`TJ#_8-0<2D+;CF0]=S#BBP\;S_13`)W*/X[16[5@>N;W_[Y1]__]N[9/H95:%@Y_US M8*T>)O5O$&'L!>N_W_K#LGYK;OV"B'^H5MG@NEI-Z'M(Q#CS%2,-,KNR4#_1 M]*`DE!\>XJ@>95I M)IG`0K@'9A?X`G]_C>\=H.9J&T%>G+$Q=6B%?/4X/M8'=^I#.[N@QMRF>,AG M9&DM;6CU6HZW>4QX>B@8]'7@^A%S$<>`:5O&Y\AII$8;B).=]1D":5*30NV_ M0BZ0Y7DH.,]A8^;Z@3;7".H(-%/@NQ3::`*^71Q2(YS/#T]/21O$L[L MOH7'R8>]MS\G*G)Y;Q7)@?IZVH0!@]=;F/( M03N0ONMH8<:@XF`3@"_F#HPVGGM7^A#AHE!-AG3,2(\Q#Y>#*9+V5=0?T M^U43KH9DP+3V0*B&)_C"E:.'A)X.[!#M`2ZD#L"N(`#&Z7H!F$7)0/MR._+E M%3`5#BY-!W@8K(94S4AQPET7B"')_!%C2HO4[\'RJ\CYP.DF3X#-3T<-\Q@0D(MP\DP%'Z"440K#X^)IS`-%_S6?JAL)F\U0K184SUD[S* M0=XO4^`>N$K@=>J2K]8>#1[A;4?>HZN@N+KC#-)QB(7 M++(T<.3PF#IC=.%HB?X$+$4G!:`U7)..7EAH%Z\+LQDD"++'-.`QY6ZD8`*3 MTLC_1R0R,0+8'&8K-+9Y.[C-'8)1NZ$#:\44-><+]0(0;^S\L#($PA,3*/9] M.$C@H?61$ZR0./VA(XQ0VN$43\RKK1;'"/NWLUXX-A]@GSHL8`D(D@/_WH)UN.Z5,P470?, MIB$D'Q3)LKG$H(B6"2M*U'RDK:PX0;@91EEVM.`47B&W,/6BR1T2 MB?E@!XA[8]\=:PN#S".J1AC(8(0K3E)"S,`R!H^H@T-U:`0>]$.7_!DZ`T14 M`V53(:`&]QJZ*LK=QCJL8;R)$K$4O/$19:'R(3,J*/51&G/R"84?<`^D44D4 M,FZDI9J)NAAK6%_0$9OXXENBT#)GN7EU34J>Z"X2_IUA/NKZDWW3F9BZIR^9 MQ<%:#\'#XCF#-#T)^:7XHT6U1!(U=7"+)'?#3:&!8ZV*4G7U7]C^<;C$3H"# MHR%_D#1*,8JJ68SR<[5VWM]TM<,#A7&GE:RGE7K,V304T^XAZ8,228T`3S-T M9I:1F#%,15JU$><[+TCE'#5)Q45Z\4^`Y!`SU`P^!/*XSQ1/T%?LV*DZH&+G MI\XG+K?`+?BU$0`'N,R=1BD$+@1R7<5M/'TQSJ(/?1',,!$RO;P9%HCO.;4"A1EA.85&H M!2X8Z#.41D/=PW!U[>UC)3?/I3E%A4QW@O^!@GA^)!DR=Y'3!QPS(<9X]@L=WS/YAE388#U=$4Q*$RN]$&H-9(/L]@&X:.X#0]=I3S$&XP69^H$/OF`PCAR&0C#/GI(K M3!O049:S7S(;75BRSW1\'85WQ#_B M4F*HRVWR71[G]PN-5]1N<<,!2@P_SEQU_P29I?4XY1Y*1,6Z'&7=N@&7,$?W MO['9%FVFQ(]G=ECBWP=%% M&?8J8QJUE%.JH8K`3BJJB1.*Q'=&?G4F)&5&/-,8_5][U];<-JZDG^=?L.ID MUS-5DDQ1=Y\D51[;.>7=3)P=>[;J/*5H";99(Y$J7GS97[_=#8`$*$JD)%*B M'.4ELD0"C4:C;VC@D]D-F4%)=JY;TL*C[8@@3/JE M&9R,<5?U,I?:+]'8EES9O@O,"U!<^(;0X5B0ZY5)V$?P(^D'C$+&X,,\.#Q6 M^')^^[MQ?GMAW'ESB-6M/C@.B:[5&'*+#&DDNE>1E7L[@)?9`OM4O7WU_5:K M\P@H\HDH#8';S,\.[;>XH+=0QI0M%]HNG,TH8$RP?&49W`O#W0H*X56MW*<4)?EFV280*+:[138H(Q4X1OHC> M+H3.C+*4=L@A+Z0.`]N(U7)^4E.#3]VS\(4Q8>NSLMUQX8NRCTL[K/3=$DJ% MH>8O-X%26%Z30*:,'=PB#["T!`4?"0<%3EJL(!=FI%)B9X.YX$.(M[C[Q0M7 MN#)`9XB7\=BOQ`LQ!\)KP,(DJF3A6V`P;P%;PBOL6FWY/MX9QY2^+Q)R]4\% MW\4&AJ<6A9.%#$$.1K1S`QY9@=EP`E4DH04EIE,83)J,>FD9YX;(7*!O/9UZ M+^08B(:H@(!J4AQ2;XG]GD&``EW_S:9O3?1.FZX7*LX`9?WM#)IY00>F'6BZ ML.KL`*8HV>M'Q=^\)TN&J@>B@L/-+?!9QM0X7T!\QLD1D^.B!09:K&'P,7M" M-=F@-*CT3L8.-JF4!M_QAAGF?QN/:,71&WL(>:4-CT+E2Q-N\@]G_K^Q%\RC M(-VI(LU#F<,!%LHVREMUK&LM?#D:$_F5YT=3@B\,]LGX87@.*6>US>2[F-D!NKN7*\AU*1 M`K MSTL5JYO32NW^8/XC!-+GN%<:$.7!N3NYI!H)_B=\'H,?":[>'DKONIFE=P(Z M[E:'CCN(Q92WJTT@E^3%H3#!PX\^B_-I%QC2OJ'8-/@6!_A9_`!9@"44\K$_ M2&B")V<.BAJ;"X33>*X=)[Q1:IA_11H2=1_WJF1K&CRAI-3)?$_J9+3M!36F M^IX2^KAE;=AJ"M41)*.=D34[H1BL<%DR:9"E,`M%/#(G@0Z*H_%#=:)%U0T/ ML$39[0>.[L7K686#+B.^?,IK;YNHXLY#[Y_&2W%97/'&XVKB(*@4^FU)^"$X MQ\]NX`:R4F'%9UEN;'-5!VJ507#6Z[4.\GJ$5;>J[.YZA':GU$@;V'X.XN_MTJ1V6XK#FKC;.YR^H=4:'=;LY<)M1P7G M-Z6?]>G.<-64Z>8?_;S5;!6X[.0PE[.UQXLUEJ[GHA#IUZJ[H%0]?$W=PD&W3E,(?E7[.(7% M[H:II8.UN<[-`NVIEV$V(+KATID$`O`5.!:&U<&AK>5WG5-P:W@O/(S./IRQ MV9HNH)8ARIQX+Y@V,H"U!IU`*6N:5VKANDUSD1L5U0EOMCHE7;&XXX-SN-"S++'`]W=$'KX>M M5P6DU9.M%ISN;UA#MY"EJZMR?Y<.^/[T_+8)ENH5_KMTU_](N5?CSM=0 MI6_NQV^[O"O)H53CG_]DZW@'BKO4F=W".3_.[!KHNC73T3^A`[ZYMK[0=K__ M%+O?E7GBQ^SW`:WT8WK\_<]Q[;7YN_:XC9'0466H\MND!-E[P,MB\&RZY[]A M';,XO[HH;]7[7[TT$N865[L^0XR*#^)=UZJ9M=+H^.[ M+>;V&R&AU$>)'YWU]Z_.C\YZJ7-<%)S[6.CR7@I=KL25H/)DE7K?:0*]4./] MT&.QRT&H]F/5RS:S7&V]"]\1/;KS]?0&JK8`.]@B/9:\'+7]L>2E?HI_U&N, M^KUWH/C?=U[^T-3],=_^7O7Z,=]>^YG=L:Y6+7T+6B2$Q"D[.NV%M+C9ZO?6 MW5@55[HDF,%-'<%O)XF:G4_UT9%?%(7=G%':\50?N@MOM'O\-H.=>O)#JS'H M'CWY6OD+U=F`HP^__W6^?T_OZ,._UYFMO99^ESX[R<;UM\NK;W=G35#+1&=U M2OPK7N6VP1UNQPJ;HXK8H?+_:1WY_<]Q[I$H[)]AI.M6$MKO$=9-N[#=-< MKUZ2?Z0#,OG)!YK3JB^.KN?][PA409!PX?2MD0GLT2B"JT#G2P/V3(J;4$(D M#*:.&B%`2C1\$3O&D8A1'&(8((1^OW\SAA9)`/72[??PH??OGUEC&#\#R&1L(+X^H9@6!4^.8$RF0S7!(-VN2+ M1)VY=H/0CPAU)GEI]U@FO2PLDYA(0Z&2&'(0<"9?$D@P)T#@-X+3L0,)!#1F M`A?"BZ83@=5'UU\8T1S%2FS[VZ[`B?-\@LWAOTK4#PZ0EP`[(E:V:R!,G8^@ M@@I^L012G-G^W]`:5@XX8V=.0.,"EUK`%M)2B+&Q!4H>$.SBXU.D8P:>D&%/ MGN%E^Y%Y42!;Y=E-.TQ(CDGC^$$*3EKP)`<^MJ=C@3`=@ZK9\:'#@+>813=G M'6)=.RZQ-`9L7>B^07A:J89QP2(HD`1.X8C1+0/!@@5842,#WDV].U",0F`] MI^`\X%G7QEI%(>QSRRO:]"*1-830*'PO0A#K!$]X@H/[X MY`"/_?'3&XE<`MCHN/,HU)!+4>J2IPF`"TB/05SH>6XP`\84C,@TT-'] M0`4RCM/#03C%6U'`,27YNM%90&"<'NAS_UF`>O(E1E*LTG=E0X/*>^HB)#A" M@=2%V)5N#!2HT2J("E2X.('^//5>$'6''N1D\]4$#P<)(E8,'+2$#$2[)$L* MTR566$MYH37%*1;L7[&X8 M002""29O%5,1F-:9.5/;U_CK2%,E]#]2B2J<L<[Y+ MHIF]!JO]K&!5$&H0I89*:A*Q@M;\E4-W_E;W):]@<7*`8K.1DJ0`1=Q.7_2% MJ^A#FQ(DTKX=H^(2Y+-S'\F8D_>BO4X8Q92?DJK;F8$^ M4LD$7ONXY%%O<$7!I"ZFY7R?Y#65CZ6)VQ=V[TV#G2>N[4G0,HEY#C\K)U_%#?,9L6-4G1: M&8YW$IBL$61HP4FR7\>WZW8?B@RR0I'T-N+A;)G!PK@9AQXI@A5JMTW[KZ0J MU2U8%*^Y(FHV_YZ2<6/?F:T$S?C!;9K='VI$_2OM77LB+?\:,32@?]:%+ M;N(AZ)6?:_>\95PFZ9P'6+5)RD.(1`3VQ>9J^S#(_%>%"JI MCX?49EZ(L=(')U(56MH(#P40:;]YQX_`-DR%C M-,AQ6F49AVV@`"8I8&(B@OG4"?EVY1BC0MIAI&FX/?_=N//FSMCH-B]T>N(` M8+\6YHVF2VX:X MOFQGTDR8D)DP6JI?-2T,XYHYX=Y+&(99JCBA[:"4<.*/%?!/C"E-;R*EJ$3M M9*_CQ3/>T"=-N[$9CO$X9A=O!#Q6$)69XSJS:&8\1+1(>'=@[?D^$5_AWL,# M%E1@_1OF9B4M/!]KXT80(OX&I6Y4+HM!\@(3J@K+Z)C7SL6=X[J>+]_XQ MMEF'==+D+Z$YGYL;U187$P3,)!8N#Y6LVRO%'XI7LXYJ0*[5:0RM85[%95'Y MWK>L=(ZR4B&Y$%$/!F9!63EHG=,]RE&%Y/8:UJB7)T;\XXHB[QUY%-MT>I[X MY`],`/6$]JNHQ$BVTB$>^&`U>MTVA6)%HA<42`")(R!M]/@T\GUMR\G MG[OMCM(9M+!ND]9"D[U1;[BBS7,J8KB(?'2D40-S4ZRH=9;:Z?<>+`[3Z;6NM?K\F13(E#7:QQ>TZS!MD M3G_G/.>L/+5V?_U>3^-IJCVM.TPZ2'XK"6QX[)OGCC==;*`%S82$(GTLX_E6 M5&B,R&QT6;QWJHC<)%U91-(OP?G4?CD^<[_8=FS)(S_ M4DQK\G_+R$KW42HYBRPJG9QKOF^]`6=R:.`-E]9_AK2LW;]B9JM>7`6ZJHBT MW&6U!6EE+*C1@@2OZ*`\0A;94B(AFR\B]`-7T[!:CK==1.7T?Y,4&%3#!*6# M$BG9A!W+**%'.*^XW_2=J@CY2]_8"_T4K*;I$K1[Q^S^@/_Z'?.'TO>B0YV6 MW6+]5TSR+LDDA95!Y8*CN297Z\.U%I]<7S+Y3BH%M93U7.TFH.K2[)P8:$[&H0-2$\+_^Q M)N8JZ;<2VK>7R MNV-OQNCZ_L+$+ MGJO>H.^5BP+,0,^JLO<2I;YTXC("T4&G7[C#<[H@BHI_[KPE>VM%[/3`;/]H MM_,56'^@T%:X\XI)KH+*=928PKRM1*T_'%CMLC7L"C85[W"3#-M>56SF3G2E M*K;(B*O2(^U<%:MOPI??^W8J5M^H+IVZ##=RT#%'.U6R=,@K9Y*L6NC6?VLZ< MK19A=S0R.V4:GVR&%.]GD_VE/=NC5G-::+SLKO?BMY3Q=\ ME4Y>1I==JYO?XX0Y9U=TY7-EFZW%ND@5<'@/3EC*DD^:VJ0',Y.SHY%:R[I- M#W%6HFV.LGSFM-PLZ8O,'Q8&V\'3E;@A9BN;F]'@%AWFC')D6L5[OA9GZ2\9 M___:I3?6JCS/9D!GH)!1N)O2BJ M"<]:X1#`#NM-=XZ0=/HYPKSV",!SPI-3H'^>G0F;_/[V5\#`%-_,Z6H0]_$< M+\S83$R:[5Y/=5N+=U4%A=D:?S@I!89[%&`ZZVO&5S4C]+J[^^>)[,]PF MP^V!FP?%?F].H348MG7[O+JGG(5T&;$[3S^8L_[\]LR5>BJCCZ7<4B_2NF3W MJT[^9"^'=KKL=GG;Y1"1J0%[.R4B1V3Z&[)DB?"+2YBW4EJI62K>4Q4$9LY@ MMU<7`G-F=Z@KA`TIQ7?`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`L::K;VEU5+'^)L+*E^.?R966=S_9`F#H.T-<9V@!.Y6.Y] M2/-3G9HKSQI:1[VU.U8?%5&9BJB);I-$RSDP<(GMW9L6W9O51$55DQ;?*)2\4<1\2Z_=@O"O> M7%G_&,.-CM'76VS=7=45SMD]5$156>SUYD9+&*@:<$B!O[L MC.X)89^=P.M:[<$9_/+Q5'Y)#>!+^MOBH)#>`,>)S'U7O7>4-S!QL!A0C`V? M^Q;-L(+9$].63^,OHJ?4B]38)7.]F>-F-9=!L6PI_=;'TX1*9513Q_W[[,'S M0H3H_0I_&*_T5?@V!QD%KA/^\XGXUO>FNN2B'+0\__'4,LW.*?Y\B@\*OM`[ M4V^LM0E_(U&RR2<\8LG3A'HM"E;E*^'WJ<3^=V/[M7OOW\9]"[,$P.A/OU/)^V6*9]$D-'R M1J0-!Z3%B_PQ$C6;`N_<1YADM_G7;8J=6806%X%XZ)_O8B!61#SG,*]C;QK- MW`:'\D586"<8VU."H!1HX_\5N4R%!$(0(]`'",%.`*QV!&8#_^!5M_8T:'T\ MU0;-I7Q!N.%KKKO@P_\#4$L#!!0````(`&$PVD#2$89>,0,``.\4```5`!P` M:VYT8RTR,#$Q,#DS,%]C86PN>&UL550)``/6B.E/UHCI3W5X"P`!!"4.```$ M.0$``+U876_:,!1];J7]!X\]L$D-(:!*!955:0AM-$I8DFK;TQ0)P(Q8!%")[Z0#/Q*=F#E2LZ-YPP/1P)\-KZ`6K5ZH]2J6JT"IM-I!05# MGV6P%4ACH"@I=X3)2S-M!CY'0'I->*LT$F+<5-5TT6S`H@IE0U6"U=6E8>G# MY<5%9MR<<;RQ8%I?FFOJSZ>N"T MLC13TB%%JREUK3+CP9JC(8Y6-(02)!=K6K51KZ[9I"COW/Y_2UX%T!J-AIK- MKEM+N$"LS-?1K]7%Y!MKO,>=E:@RD!>+2#(:(0>%('T^.];V#:OIK(H#]KM- M81(C(I9/G00F$5C,+1)2%F>Q*8%L%TTQ'Z-6B>-X'*'EV(BAL%5Z(0(J2_!4 M]4\'8ZO_7(=^!),H&^[*_@8KF@E$`A0L>=,-G&5O&;VZC?]H3>_UKMXS3/?1 M-#WWF?A)(-^XX%@5=Z#EJ-L.QL*4ZLMT1\0("2QYSBO;)G3A&F[2YR"HU?-, MQWIR/=TSG\R>Y]H=NV\ZNF?9O=./XH'H.R MO/"H066=01*D<_V!RHI?]B%B9Q#X.-I"0G"<:[D&R4WBV&=S.W3QD.!07KJR M"(20)JDOPSZ-,,2(GQZ5`WD*"<.!ON2KNQ_)@^`F`XX#+)TY@\)O$8O1\BUK MKJIU,)'?R.4>:W`0L*!]NDN8JF4'C&(LSO;GK8(5(M4ZX M5Z;7B;1)?X;)D;]02P,$%`````@`83#:0#A(_?2$#```_KD``!4`'`!K;G1C M+3(P,3$P.3,P7V1E9BYX;6Q55`D``]:(Z4_6B.E/=7@+``$$)0X```0Y`0`` M[5U;<]NX%7[.SNQ_4+,/;F'R%&VF_?OCEK=X]^_"N`18$+LEB&`:2M`<9D!0+>`GO%_W&/7_'OE@\4S>9!Z\\7 M?VF=GIR\;9^>=$^/6W=W=\?0FP$:B3UVR:+5;HNV?82_G8L?$\!@BVN-V?N7 M\R!8GGYU7+S;^<_GJY$[ MAPO01I@%0OUU18;.6?3Y%7$C`S2:;"E+B/_:<;&V^*C=/6V_[A[?,R^AZ!3Y MC\U@@B&OW.V>G+T^29014BJ:GZNR`:![=G;6B;Y-EN;BO."Q>%+ZF\[ZRTQI M5*#.(ZBZ!FTC0>T%7$P@K5/5E-R$GK&260U3 M[J,3Z88\^K47F\S*E?N&`[<=BXBTR$A(J,'Y1A@)/WG%_TV)AO@'+/XDFGO: M)]V-+_YE\_'740`"R'4(^K_SV>A!3&A<4QPPYQZQN$$?3*#__DBO3J<90S*Z M]*)^I#!`7C:I^'>:'9HV@0^`6.IF+*0MT!G:L8`I)0M=6&,E2)D9K9!QE\-PE..#>I.]'#;X_8G`F M_FB*/V[#@N!10-QOGR._K.`N7VZ/K"7G"3ECA=TNR93$/N/&D.-Y:*W-#4#> M`%^`)0J`7\A'<1T[N"FQ6\[3Z38\Y5C+QB$?&!^5[PJ MA@II^T--T6##J^XQF/BP;)F]+M30Q/.H!6/*ND[<"P$W`>ERB`W$]@J! M"?(Y6)#QU604"<^)S[5BZV"@Q)EK5[=@EM6'PF06]2;A@@J-,E6U.RKX,W^B MYN$S"7'`;L"#6..73"KRPJ8PI3/%*,PUCI>\6=HCR"8^9&::[-6N"7:K.C9) M'5,8VL6WR:`PCCH^WFD(O83::M>6+6@*2>H^E_%L.4N-\VK7)("Q[[V%T:;M M#:!I(Q4$:56UBS(]-(P;4U([J[A!RVA2V%MRF-`H+^5L&,/!+E.0@214CEQ- MC55WH:AZS/K7YAB[X;(@']-K&_\-_%!U'"(KV?!^0A56I(8:MT1(I$(4<9$K M9A$1>1.-F^,520_5TCQLXD1IL'$S3`^NH$^68ALQ2F[HXP#2)44,JC(BLC44 M+-8@V"+"ZX#1N+DL#X'VJL,F[F1FRKEX8\1R7+J`VO(DP]Y583D@>AS6:S3P M?567U#FLR>;1;'0^.7Y3FDN;,7]*F2/946_=2I M5.G6#WE5NJKF.KBQ>57I$(;S/:21,CP>7(_[MX//H[$S[G_N7X]'P\OA3?_6 M&0^&U[L_7Z0I?7]!LJ8"ASCY^<7)PR44CS_B6?]^"3b\BJWLH2=ADW(Y$TE-';@!'9HP@72$7LHUY&C-4065[ MF-)%P[R=BW6FBMA7N2`L8,/I%[RD9`4];A)'0)RWRG=#SKC]DL2M)Y$YJLDO6\P>PO(6ZFV)/"$)'R'F!@D/XG@+ M#J4P)D`K6.Q-RVK90U&I_7+&WC:Y[``,7M8`$A9'&[0'\!L7[`:#GK+BOG,'K4!@^G.8.'XM(JB;# M`O(J@G+(6J[W6/;QP')X.1H/+_[Y:7C5Z]^.^O_Z,AC_M]>_'%P,QCN?SE9K M9'^'M-7T.)S5ZJJZE\ODZQW#DI=.E(SI%/[2\2PWV[K[O@]7Z1^NTC]$@V]0]7Z1O+S>$J??.XV<]5^HQ]J2 MODQ=>]G+@E#C]J]\@;-94$7JW,(@I!AZ8S*F$+"0/EP2>B'>$.K[Z_D\ZEN2 M)DA"+U>J.$]A68@RF:'MH]I[954TMU1RV MC91GQ5?Q;9P-)HLYWO]"%@A+V9@H]N^*7*-^?8/YW`(,\_+,/G(,AE0D!0WQ M"/AP.%U[?#P*)PQY"%#5[H=.30O8TP)`P=LA2:V!)+5N=EOCD$.SP]4&%\[H MT^75\+>]W&P@$?ZD%QM(VC_DRCR_$Q/N-L1SK#>4K!#O-!\>OC#(I]['3&_' M#=!J?<-H\84'6PBRPZM6AL>X0QGQ("8*"B:[1(%&.=F^,V:?.XW--8Z+U(+W M%O+YS$4^3$W>8U+/B-Q+4Q:,V?U`;-PQ7Q06B=?GB&L("I]TD95LE,=]#H+4 M\THRB(QS"=QHL84!>W#].V'F)@(N&>@5!/P0M%]&+MU^[IU_]1 M^X(*3N,2`?*Z9UZV*IX)W[Y?:`G[03N)'M#&/7RFOX#>.8K[,7I&%4"-N\=& MH?PEPH##M7ML7R3(@CAA&WB,FR.X]BZ$'A.WZ8BC9G$"-IPF4O;5(7])/1-W M`C2Z;F8GH`P<"Z*!7@B%CTN^S59[CI?5?0;$:H)DW.(^V2$3RC[TX$3E>PNK M/`,JBR$QSM_J&[WS7/HLCAOB\TE*8D%A9L%O5J_BM,1BVPW+JJ([=H< MA@SPBFLNYE]QM5YN+NXAYOJ$A126#*J=Q5HPVG:'SKBL_(TI0RI6VIM_')?/ M!2R"?[/IR1P>,B^4;VRJ**11INOJ_JFE;440C?,)R;<'%S(M*?CLV)2!H;=] M<$BAU$VA_,Z$N.>-#:[3_"N0;0PB" MQ2M'G*CW/HR)N&8?X1`ZS/E(Q(DW'R20U@#O=LT^!0';:;9/BD;A8@'HPW`Z M0C.,IL@%.-@<*8K'P(B/7.YH=N=$LYVG($%3E;VBOGX$X?'9@QKPS4I\$B2S MC>X3L\V$"?P!YI-C&)VH[HZ;5.I38"=M>)_X);>LH_O*^?I">*#=,51*?@H< ME8WOUVM.&/P]%)?(K?B/.MQC6N#3^,%TF_L$+'K/6%#3F$T*>PJ@DNT5@;3Y M7/R8``;Y)_\'4$L#!!0````(`&$PVD`-54UDVA<``*PR`0`5`!P`:VYT8RTR M,#$Q,#DS,%]L86(N>&UL550)``/6B.E/UHCI3W5X"P`!!"4.```$.0$``-5= M6W/CN)5^GE3E/V`[J7529=ER]TYJNGCLY/I M$8#8CP*$5Y^/$(DF/_SP_O;^!#P_/Y_`8.7%O-D3/]J`R83)#A'^^HG]L_`(!%1K M3#Z_6R?)]M/I*:OTLHC#DRA>G=+&/IP6!=_]_G???<<+?WHAZ*#"\X>B^-GI M?_]\_>"OX<:;($P2IGY6D:!/A#^_CGS>`0V10%B"_38IBDW8H\G9^\F'LY,7 M$I047:)P)P9'&-+*9V?3CQ^FI3*LE9;=KU7)#7#V\>/'4_[7`R/R6O6_CY'4&;;0C?Y<_6,5PV-Q?& M\2FK?XKARDM@P*SXD5GQ["_,BG_('U]["QB^`ZSD+_=SH68?#]K**IT.I>,= MC%$47.)NRE9J#ZSU0^+%B8'>I?J#:?Y()SG82>=2S>&TC1(O[*;MOF:F;39S ML@?7]*<#I>%+`G$`@T)MUH[D/>9B^$S!&BY:COQRFT3CZZ[YQD+4._O?L_WX\W>OBA/;)[K70Z8),_5GL@R@.8)RO0,J] M\6*_>$!_5.B5ESCU(_JUV2:3PL"\^C*.-CK8*,1'NC8['>=M^)(2A"$A=)VU M0#A;7\T6)(D]/Q&\$-(JQN^$CD(FKT71/B@+<`U7.D:H0DM_6(9#US7R%BA$ M"8)D1DBZ@8$`4PT%C9$D%FZ"GYLH@01LO5=O$4+@X0!XOA^G=*N",)W,($F` METD#SRA9`^+18M$2$/KFHP!Y\:MK8!/;J0HQU2CI`.LK3OQ)L1GA8*%;E5^O MHI0N(6+RD-"Y\!XF:8S9(N0QAAY)X]>K*#YG:_\PY+A^6---(JD,?>=F.@/- M5'$3&!9R`6&"09Q+!DD$DEPV6$8Q\$O2CP'A\ET!H*G]"GC:&?D!5Z!,QSE] M@6!PD<8(K_+]#%?J-EG#6#!+:E0T7Y-J*V<"WW-OB^@.(T8VAO2W74"-W2-JE@-BDH;`U&A MA@GZLJ;!KFW74*7H>A5*6D,P''[N:%LPCF'`(?X/+TRKPRPK:8P;B7@3S.R: MS>:L8_#'ZD97@C%X8D+`V?1X.N7_Y?,7\-)D'<7H-QC0J2S"=!V8)LR) MR1SCKF%.8K8JWI3#-AS6^&K\+EN,W\.0.P>]F"U0;VB74ZHD%DU<6E6-T=A& M06O;DF.Z'N2B&#H3YS8<;6Q2Q5[[41MR79?/P(],.^$:[J"0A?5:DU`CQZ&K MG\7FKM875F(#M\4"@?[)*GHZ#2#*8$!_J(X^??3K)4Y0\GI.A<9>.*<;D9>? MX&MET,3E.F-`*=H$!EG#(&\9\*8!;=L55"@[7P!#T_##S1,_PWA%MZHS_UN* M",H<=3BX0&0;Y;_2G_TPHAM7J#R>Z-B8\;QCU@D38.:2CT%9-O?$E:6#DGA7 M(&O'=M4)SP8"!ERQP>2<[O'OXN@)!3#X\OH+@<$<7R'L89^NBV=^@IZXBU&T M;M-OP'SUUEI9HS4<3+C_`VQS>2P\9EG(`MY.F,U3O'ZZF.S.C_OJYR@+U]:V MJBU?.X)WN/?S/-IL(LQW=C_#S4+HBZR7,W[;A**-/(V\4F.;P4OV>GK-D8$7L`E\E$R\_UT MDW(/0>9@K]80H-1"P\8(MM\=5?0 MHF&`LG-+:P`&/3]F41=T*LS^/\<5'-/%Q"R+F2H%%(F/E[LT9N/TV:`3-J>P M@QBS<"_+%;#:L5C#F;;QN(]P\G.[9-O[JS!Z5D712JO8.Q62*&3EC(B%YS`) M@(MP#9,Z9A">'RD'9D!\95%!^^@!$:AJY5%*,WW(DBOZOQC"]HJ?\H;['(!K575P[_<=QD5U"XN*D5L^KZ*@LV M6I"D`7,"9*L0]@EFD''=W57NO,RQ53?[*-D1RFBEYK(VL M2981!-W+7I1VN^:+4IM^.,SI2+Y['P3 M+=+$P30CB5EJZ%,-RX!8HOM/C^T6L@25ZXB(-D)-)^*+C3QJF$3+"YGE)`K%6VTH\D;YA^])6]: MN0L>5''Y5J:#]D/G`DLM4$[VU8#-@+MXN)(Z>?9_-]^M5T69X)DWYA0&A-VL M[5^;33K@GC4(>&2U%]YY*)CC/)U9M&L5E#;?M\K5,'+Z[9H&6]HV73@5"R77 MT*(P0FT?JS,8H_@`U9X_J_X^BUZ^WGU[MCUZ;\*/I^&]&S*[C7YI87Q.]ZFK M*!;GMAV6LI#9UBC60EX;;Q<4#;L"`T6_ZREM$GMW7[ZS<'.4<"Z!+.Z7+K$@ M]AGM3[/O3+.2T<)>7RG3=(%,"E\I'\AQ!23MK%%>.+<=H^&^@Z5<[E>^O&=9 M0`>I:ZI$R#8M&']'.ZAK@LI<'.#R0%E@*L\IHZ0.=W`9_XG MT=I.LW*_I$XU):T3.R416&;\7#6.)]=`V\Y2K4B=!.,Y9&!NYOR6^_6KI2R$ MTC:*-2-PJKGQ&3$(^`^;^P\#O:5[D$[*CQ/1VVB`>JBN!###H?OO$,.89ZK- M@@W"B*UG$O0$Y6A7U3)&OZ9:1B<2RR7R80$GYZ9430M48=5J9$;)C\ZF]=F. MY$L`,5D-FSG3(G4L9$_GE&;GHVD=/GN0*Z*C.]*GU%5-SZI0A6TU;>VH4"RF05K6$8"6213 M&/)8E/(C%96L5F4+&Y(V2IKM4W;-'@,J"W!AH/38-0"VLTU]*]!^!,=,3.4: M&N2BBNKWD'ZJ4-4PX_3P`@/+%\7TTAGIQ3'5'KGWEK6TB#H]5@N*0T9(_$^: MO_:/T3UD-D$AO(')/MCL,6JBPMI%I>VIL%1)`7V(LA";T9\!S`([=GHQOVQ< M:,:Y]EE$(WN*"X:VE&3L;-$NZ''/SO;)M;>J3Y/7PTCZ!MU0EZDT$;1W;67` MJU2L$;MWNTF%4[Z[\@(86J_[/2JC0+\!HNS:,L=I)91/,%@*!ETD$F(ODEZ5EGK_2=1E@`A9,L,U] M26\]EA[_6>_V&&]N)]-5WV`#@(\2H"LGRVLH:#-EOJ/',RK8/I3@6?H='S15CO[HZ6$>WM85N?7]Z^A!F1=I@$0;G0;AKSG M:U2J)[)BWBO-2C8N6-%0RD)4>IFM_!ADDL"M>[>&M3-,PTTLVL,U*&F3#V%` MKF@/RX&G%W`A^N9+J]@@;I(<0DON8#\:J$H+CA9 M!1#5J6D,T!;JF<#SBX>_`I]^JU;N[3-:F*"*O-9#-`S?>(9_/<;QR`KGQ3J'9X1U/='D([)"H:(2Z% MV0FOPPNY5L90!T$H!ZS[H:KH8H_'-8M(+RY"X7=[--Z;U:T-HP/5SBH;H2Z_ M-*8D%5SL+XTI"08/+ET:8V2P\@FJX2`/-U=>>C%CKR9TVN9[<-E95'-9X[E0 MJH+9:HTVE(6S;.G>@1^LV'0/&BLN]1:VU7Z,F5MJ@>I,K0&?D0AGI8YN>Q<> M-8FT=X33E_N[WX,;E[WAJHN9Q/`8&L=:C,FVJ9*M!B0^/%P^NHD"/4YD.[$F M[,'NO"-,`RXBZBZYE27MW`RHE#%PJ$(DS#YRD2`0@;(A+@" M&VUKU$]"M$9F0&=?04D\QQ35?'/?@H-%M[:YTZ^=FD;QH3L^ZY(LAVE76IJF MYA#L,H0&5%.9UU\OW#0[*FS86'=IQ8R,JKO:]LY(-$.5W2):,;3>`9N5Z:@/ MN-?>[_S/(R(\,*D5,]]A"P2;H/!GQ)D9P#9F:2'T`UV^"=AG4EP!F\H*M7VJ MU/YC,0#<>?%MS,.=LQ/!8AY1)/74LR,ZSK%YJ:M0##1?S M6^A&MQMFO0V+R7&M%RVNF%5W8+3HO48C-(;J2=[H$?)?K^E^;$Y_%$>*U@K: MRVRM";>3QFJ9@L1,72G7R*YI]S`MZK,PE58`D+YC_AYILPU'%P=_MA+95Q9D M)9B/->C*N(LZVA2P5S?IJ#1,!2=&[M%3\H1I-]`'$9-"62/_+M].$7;;3HEQ MA9\R\NL(2KF.SK&OM+>4!JF1UKB.2/XJ3DW3JF*?_M5R6EHC_VOD7CY:&WLH M&6`=R$4KZ=3$SR,L9A-0UAAV#D'TQ^G)='JV=^&"C]/CZ93_5V=\!1^.O__^ MX&]Y8A";#=\&#ANI=O0&<#B\W<"DB:PJ/PQN0<;6H2%CS'97WNPLEJS!51@] MY_F3.W%@+\\U6':W5!6XIN,\:%KO$B62RX=+!6RD[%:$F4#L)J?D`HV4!H7=" M/2K]!EW^(PI3G'AQ=NE>4V)B[.4A?!NSQ>0M?O!"F!-^SC&[_0(%R*O=1]RFIOD-7_KJV8C]I8.= MQ&B1\FC+"6`2.7?D3IBS]\FU,%3M,K"V`SD2T[W@=GE.SB_`J'Y]NYST.JI: MQ^OB%6RIHBA@AVTAUG&M>(,0E[')BFS M6"43'%U'C"P%QILWPFTLMH*$YE@U,OVZ\N[ABE\HBY,;;],4>]18S((CKUFP M!3_>OF'`6G8%+JJ>U[UX,IL/>'R`5A@MD4_5R'GP&"MC%"*?8E?ES-.L;'Z@ MT$I)H\#,O22P%P4*6:Z@K9MA:@<.'89OP*-Z+TECN@'.8Z,B+%HX-10T/VH7 M"C>UH7&'W`:%"N^61]6W,N/#R7V;^MQ01OB.]R[B> MR8R0="/,BVK9B#G$.BEMN&[G1*<%^36+N&1M@V>4K`&I.=B<@V8GB]5@:S#. MXY"TLQPPEE1RNRSMS2MXW<&:[ADYML\@(VS6&S`W6 M=IFG5UVO5[9VZY[=`Z;V"CW[,;]#E$Z;_HY9VC5@:MNJ#5M[1[>N!7( M'1H9CAK'7HQQ%V86+'Z8! M#-AR8[:)Z+/?^`LB.@@S:=+\A,Q"AZQ20$5;=]F?;!BK=K)F;?C'9*U@Y^_* MFY*EE7I@LVA2RBRI_,U0Z-%[)(7I:V.,=T0[SA"Q+5 M$D"SMOE:H)V:1HN"DBB`]C)&5-/== MJZZ%G58+%4WSB8_!8D?Y%2WYA4D9P9;-%8+U'FDPF;WUSDD(SK*N0<9'H-NI M<3;!+0Q3W^VV?M?&GD2R[VZ54J;57")HHJ(S]6 M&W]0WA8*X&@#)?P6AV5LL*W419JR7%PK6"X&4U+J\G!*TR<8+R(Q+67!'<*/ M/=V=WAN[WT`V(T+PB-QO4C9Q46G[C&_V>,0;R=[<#"I26$%)\>8:?7CK0Y@^ M#V"L^ED>;\]_^J_;ZXO+^X?<'WQQ>34_GSMWY9_:#NJ3EV%3668;NNODUZ^' M7I5^LOYW(Y]OHRBC*(BB00C$KSG]VBI3G-,W=\\NV-"M!VNX3]*7E"`,";F`Q(\1#^:@:K)[ MFLGM\HYBA+F0V5-5[E.'AHP_8=V5-T%L(164Q'+T4`1-&?73;=V3N,QHM/8N%NM')XYY'AN?^!\$KV%S6/!%+IH+9(MJ] M"#-I9VL91FJ#CY+(=]Z6?;-:P6;RGD`9&WOTM\&Z*3"`)%U-.ASNI(;JXTM> MO?=44:N':?_N[AEE$QX!7S?*?B6[P$Q2UP`,L5,3H:R^)FB@_93@+( M1+B"#EU3U,F!98-2[MTU_8D^*Q[1?Q9T346?_#]02P,$%`````@`83#:0!O7 MD!]9#P``6>@``!4`'`!K;G1C+3(P,3$P.3,P7W!R92YX;6Q55`D``]:(Z4_6 MB.E/=7@+``$$)0X```0Y`0``[5W=<]LV$G]N9_H_Z-('W\U4EIU<[Y),7YRU(':)A_#\W1EBI/WZ]?=OVI=G/_[GFZ]_^%N[ MW;JAQ`M=Z+6F#ZU^[X-SRT(4P!8CL^`.4/A=R_'6``N"+EFNP@#2UA!CL@8! M[X%]Q_]QS[_CWZT>*)HO@M;?N_]HO;RX>-U^>7'Y\KQU=W=W#KTYH%&SYRY9 MMMIMT;>/\!]OQ8\I8+#%I<;LW8M%$*S>=CJ"Z7Y*_7-"YQW>V*O.EO#%-U]_ M]55$_/:>H13#W:LM^67G?Q^OQNX"+D$;818(\6-&AMZRZ/,KXD8*:'394E*( M_]I;LK;XJ'WYLOWJ\OR>>0E!9\A_[`83##GSY>7%FU<7"1K12DGU=U@V!KA\ M\^9-)_HV2<1Z-R(+^*D:3$A[=PUA*_/]T.Y0IW MQ+<=Y-'//>*&2XB#[6\'>WT$+B-L7K0B+=X&#ROX[@5#RY4/MY\M M*)R]>_$'#MSVMG%A]6^UV^X\B;ZBD'&RZ/,K_D&J6W@?0.Q!;]NQT*`6Y43_ M&P%\XB;[///%X"3T+*GKV:ZN?%Q]SNO"F;*``C?8MN.#*?3?G6FS=!`)"[T4?T0AH7UQN7&1;_E'G^/N;^$EGM&R;*$`;="D!P=6B'CTI"5 M8`3^68M0#](X$&O@@[G$].GO+3-Y1CFYJ?]Y+%/'8G>Y.!3X0SY_ MWO\,'Y1A/4MGF>D5RLHA^/Y8$'1#*A0=(.8"_S<(J#KF*$DM`T*MLAR+?QW9 M'6XO#DN+K\0 M/^1&I/&@40.2I;,2B1UE%=NTB^-B\"OT_9\QN<-C"!C!T!LR%D*JQ$)%;R4F M2N45V!Q]#_VT\!CP3V0>HJ*T#`^EP@HDCK[+C@6+MY]Z6"1IK48CI;0"C\I*&2,!`[XLA!%E4]@YC,&`%02"#)$IF.T,MR1N6<6,\YI8 MP,UN30N`+&W#.,B'SBX&.RH:!T47L(7"\M%71AA:,5*2]H[U,,Z\*?EU1K@U M!L]HIGX\6'9>(`'P#9@7$X*ERL$ILCG:T;(^/8N2H`OB,_U8?T_ M0[[5*YA(M-FMF./UC7&@!_>UX*BW!,AA:!BKLD-2@:#YRP3'=4F(`W8#'L1N MH6!"DQ.;@Y7.]*90V#AD=M72]B*[$)$I>IJSVS7!;MG`*.$Q!]U]8J/,&,9- M:3Q:T)`/M2>QU:$Q2V@.3.IQEXF,.[H:%Q6O20"WL?L6^GQ%Y=T`FE92`9$6 MJVV@Z=G#.+^2ZEDF&%H'E$)C=>FGS1-=,9(&X;?/)'92`);>>9N[U]X'WO)[ M[KW+AZMC=K,=8Y'4OP`_5#TXE%$VGA$I@XM45>,6*(DJSCPT=LBL@F)72>-6 M&([GH5B:&X"\(>Z"%0J$:/+ENX+:*E24*A_H?$EU<'IP#7VR$LG0<0#FL(\# M2%<4,=B#,^2B@.]%PF48+6=[(45XGN50X%A#PU9!7HL_USD^USDVL/?GX6E$(XV]:$]V`VETC%`K M':!D-@7CG>&IS@RH#6&<]Z4%CT]].F&P(!3]!3TMY':8+$1L5W'CT@DR@:-C M5F50VC!8B]!68>/R"8E\5,DPJ,-I!5Y:)C!NJ[]SYKTP^N5QV`:4;MS;^VZ, M&@'*#7HJ:CN!R0]W>U^242,HZ@LSM%CLA*?,]1AU)S^&UY/^[?#C>.),^A_[ MUY/Q:#"ZZ=\ZD^'H>O_SG9JM'S(%HBE",^-_B%VRA(_#IB#]H:)N>L=M3]ZC MP-[/"8_GA,=1L!NM(`7B_I?^_0IB!HO.>*KI34$R=\;+4=?%`@H\-I$UA: MEC`NS=2?S:`;C&;]>W\C@QPN(,K-"%_Q*/'=;`AVH@2S5A$Z+E;&-< MCNH*SG-#X]/W-H&2T,JXY%(R7D>A`$=JC"%=(Q>RC7H:,U4.LTU8Z=K#O"14 M7,@F4F1=P@(VFGW"*TK6T.,J<0N(<@H>%?R0;W('W#[.4EP3^%<$A"H?LD^3 M-H&^G^V,2WUQE7U"(^DB=5238);,)LAV=3S0Y:_58?@`,5=(1!''6R(<7=P? MH#7,CZE%7#:!5&B!`]T9N\\"!##(Y;T59O7SD9+3VH2/0ML:;XR5OWAD0@%F M,TAYUP/$J>>2)9^:S@8+YVB9 M,.0J@)/36@&@0DUU%L,Z('^%XL6#T'/6/+[/X76XG$(ZFNT\/<\#N%P;5@!? MTBS6',AX?%8_&HPGH^[//XVN>OW;9?![;4"JP0(W/Q16O MYU6<3I\L8"+['1U0EZ)2K0U;4*IH(>,>>6?T[)$E0*H'O7=Q?H81U%;T#BLM!`\-N6E.ZGVFW7VB"J'VS1047 M-`K%^)!0/#?'KQB+!_`UO(N^4@=6+69[T-8PA'$+%(7@T:G)B@!F>&W&+VN& M&EL`UI%-B:\;Y\Z4=Z,D$ M5V%8H10P3ECVL==\NK):TMD:'&62JX"L4,(G`_((5PMUG?%/@ZO1KP>Y64C2 M^)$O%I)(T'BYGCA//O#)7=$5([DL33_W]P^?&.1[HL=C4HX;H'5\AW]^<*C0D"G8%RUV2QO(.`\5MR&@ M(&<7DB!H&)7J`S)[_<-68>/02&4C;J%+L(M\F-I534@]7GF0KJSPV\,8V;A+ ME**LE7C)IK@3*/>PJ(RR820/Z0BI0[\R(QD7%KC2(LL,>S#^G5!SDZ(LOOQ3 MMX$O!/@R)C7.M27"BW&L_9IN??XO=S2H#%K?$>?&5_B[6F_O!-R\2EM;2NQ!Z3%RJ)^J11(G$:)8X'JE..Q3PF9F-T!B^F6Q$D7DLV(WT0B@B M9'0^[P;04JL$&>])0*MI)N,V%\DAF1#VH0>GJ@B!;QF`G=#>2_-KPN%8X&[\4(Z54$U:LN\H9Q;@=FEQ\AX]O2A_X4)85[9;C MM1C%'3/4MJ$RY3CFP>&WI0I*5YF<$T=V%KB%JY4?F0?XVRJ2(9X1NHPQ*JCD MT>2V8@AHFZ+&XTOR\BV]>5L(3D^D4/NK MF#%B-24LLGF>.,1KKK-8/(KKH7<6DCW$7)^PD,("E]R[V:8'C7:XWL]XQETU MOU%E1,56,K,49`%J[NZ_$E0<;TM&\UN$BU7K2K/;_20U>3Y/3=4RA8_WQ1' MCXF/7(V"-#5#0W[[/F1\QF*L!YE+430X^;B7F'C"07OOJQ]F5&BHZ6>?A>@E M/;J*H0JB].$\_AH$_.=HMGF^2K!X0:(31:2'"1&O`T,XA`YS/A!1#,0#'Z0U MQ(1JW1XG:E23K:&R1CH'>/-F+BX)X\/3`YL1EQQJH]EF@A+WCVP6H(5ORJVE M[:96FSL@JE:4NX1-OZ>E3DQ32T>)31H+/.-PN03T830;HSE&,^0"'.S&V?TC MC68_QPDMFL(\KU&J9OORS%JT+M%DMFHMHFN0YL)`?$O!X_4$-3A\ML4CN7:V MVV97Z5VRG/+9(5Z^Y+MQ+DM#COP1TCFD+)'8$(LP;NWH==WBWR?+%SIVQ<8: M=G0=)).N7M5DC;G^X^IEB+E68;1\V=_]I:T>)P1(NVZJ*DVDIN(5H1]?V9/\ MJ.A\C!9S0Z%!9N4G#(IB@2YWP\Y?#K]D&-`V3V-^GZP8B]X9RC41X6E_WU>V M?!S_5W9?SU/35*7=4RA7.+,.1T,>K+*3OA>7::$A3RZ!6-)]2]FFPF2E124A3>+J,B;ZS")BU/X39;2=_TD_D"'-*U M-$JE#W;IR>'<69RP0$%-"_!D8\=QXV2/-=UA_MBBJ)F+,OYSB'-28II,#;YI M;F,@_3FV@*G!:54?G>Q+Z/*,4'DRW7PC?DP!@_R3_P-02P,$%`````@`83#: M0`-6:!IX!@``62H``!$`'`!K;G1C+3(P,3$P.3,P+GAS9%54"0`#UHCI3]:( MZ4]U>`L``00E#@``!#D!``#M6EMSVC@4?MZ=V?^@S<,ZG:DQ)$TWR4([E$#+ M;!*RX.[EJ2-L&32U)5>2D_#O]\AWP#B0MMO,ECP0VSKG.Y?/.I(XM%_?!SZZ M)4)2SCI&J]$T$&$.=RF;=0PJN7EZ>G)FMHS7KW[ZL?VS::(;P=W((2Z:+E#_ MXFUW+".J")+<4W=8D.>HZ]YBI@5Z/`@C100:,L9OL0(+\CG<.(WG,!8N!)W- M%3KL/4-'S>:I>=1L'370W=U=@[@S+&+8AL,#9)K:MG3F),`(W&7RW"6T8\R5 M"L\MZWXJ_(8D3F/&;RT8L#20V6R9QRTC%?>HGXLSSH@6:37/CB%8K)2@4W!S MP$5P03P<^:IC1.Q3A'WJ4>)"/GP2$*:6!$K#"HL94=.CL[L^+13'1-,LY("GULZ>$IEB1' MAE%:(T^95)K`LKRKEM.="I]8R6`F&DESAG&8RWI83F/9=*""&L@2BX)J=UPE M++4(B4ZE"5)$4,>`=^&'-H8W2L5OE+Z%^S"DS./QS0]M'?%Y%O:8>"A.U[F& MZAQ(&H0^.4B?S07Q.@YJB8.IA\4[^JH)?R=-9*() MS,*X7NOK#!J-!J@,_@L.N?P-)3;086KE&3K,#3UK6ZLFRI8C2=P1>Q5?KT[^ M5#,5V:2U/+^VTUFAO4(I?911]SET7E#I^%Q&@EQC!9\C;P3O2[*,=YG;G5*? MJH7->YPIRB+2E=VW'+8-<.\0P0J"/Q>HCO)337EA`&X2&XA[J+"",'-1:@=@J31^\&99G!_%D=&#R]%?DXJ:N)UX'1BZTWWLGO= MZT_>]?MV%3\;QNL(.5HE),5`"0@ZC/;IKT__#1POF9H31<&9A[A8%JXCYO@A M8HIY@0Z78/=$%2OO)`H"+!8C;T)G#$[&#F:JZS@\TBOM[(;[U(&=9M6F8$O- M.@K/UG8!*:C>!I1@48&+,N`]AWG>>CP(J-*SH)*H\G`-&ZT7:VR4-/?ISA,S MH`PSAV)_R*02T<:\5\K5$=!:(R"'0"6,[YZ*BEW6Z*8_[MK#T?66N[(J^;I* M]6*[;5D!N]^6E>=.>K;(_L/IL0_57"V&S.,BB+THS:!MI.O(2N91Z3R37>KC M9`*%2EA[>DIK^E223Q'$V+^%C^IE?UFDKJ`=5ZSOF3:*U?>YS[/S!DLJ1]Y- M*)U4V&7]M?J_RH&S=M#A: MHR2%03$.*@/M>2DJ#_8)G#:@@E"7PB&ALCJMRM3QT%PO3Z`>GSUR@/]/_MM6 MJ=L&-TNMN#8-0BX42KJUE]R)1VJZC?K.S%J.IGYDMH[,XU;C7KH&8FM=U9I^ MI;6K`T5_,>DM:O-GVGSKY5;F5_4_QP/.KC_7B5*3=&='2LU<[<#))M.5W=]M MK,6*E?U@B_A*9D_,HD.\R87:IO+6KJS^8$!?;&&\]L<&B?'TYP*(4=_'4Q]T MX<"EN^FZ[WX>`C_/8+OPIMC7<[%C.(+` MH67[J`.HV@KJY'K<\2KF$0&^#RB4H]F`$)D%MF'P"T12YW+RHX5SEP>8L@JF MH!8[5'^)%051O"!?1)I3>T[Z]Z'/$S`X!<[(%0FF1.0T[:[X-#D;,D5@&=/O MFXWOB;S!U!VR'I;S+-0ZB:_,7OTT*^_$BC5=/C3#'E3[ID$57\!!OI/NYXPP M_?7G0W%MH_G?A#;'D,^*T'!(%?8GBCL?QT1%@A'7YK8@&`A8#+CHZ9?;3[8Y MDQ@DC^TQJD]SPNT4RI_8+Q'\",UO2OB`1\PE0CZ&\`L``00E#@`` M!#D!``!02P$"'@,4````"`!A,-I`TA&&7C$#``#O%```%0`8```````!```` MI('[,0``:VYT8RTR,#$Q,#DS,%]C86PN>&UL550%``/6B.E/=7@+``$$)0X` M``0Y`0``4$L!`AX#%`````@`83#:0#A(_?2$#```_KD``!4`&````````0`` M`*2!>S4``&MN=&,M,C`Q,3`Y,S!?9&5F+GAM;%54!0`#UHCI3W5X"P`!!"4. M```$.0$``%!+`0(>`Q0````(`&$PVD`-54UDVA<``*PR`0`5`!@```````$` M``"D@4Y"``!K;G1C+3(P,3$P.3,P7VQA8BYX;6Q55`4``]:(Z4]U>`L``00E M#@``!#D!``!02P$"'@,4````"`!A,-I`&]>0'UD/``!9Z```%0`8```````! M````I(%W6@``:VYT8RTR,#$Q,#DS,%]P&UL550%``/6B.E/=7@+``$$ M)0X```0Y`0``4$L!`AX#%`````@`83#:0`-6:!IX!@``62H``!$`&``````` M`0```*2!'VH``&MN=&,M,C`Q,3`Y,S`N>'-D550%``/6B.E/=7@+``$$)0X` <``0Y`0``4$L%!@`````&``8`&@(``.)P```````` ` end XML 21 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
3 Months Ended
Sep. 30, 2011
Document and Entity Information  
Entity Registrant Name Crown Alliance Capital Ltd
Document Type 10-Q
Document Period End Date Sep. 30, 2011
Amendment Flag false
Entity Central Index Key 0001487439
Current Fiscal Year End Date --06-30
Entity Common Stock, Shares Outstanding 3,550,000
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2012
Document Fiscal Period Focus Q1
XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
INTERIM STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 19 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Expenses      
Audit and accounting fees $ 7,608 $ 7,360 $ 24,978
Bank charges 93 273 623
Foreign exchange gain 2 (3) (1)
Legal fees 27,583 4,143 65,993
Management fees     500
Mineral property option costs 4,000 4,000 8,000
Mineral property exploration costs   2,500 2,500
Office expenses 1,000 1,600 7,606
Rent 5,189   5,189
Transfer and filing fees 3,830 94 8,384
Operating loss (49,305) (19,967) (123,772)
Interest expense - Note 4 (598)   (1,929)
Net Loss $ (49,903) $ (19,967) $ (125,701)
Basic loss per share $ (0.01) $ (0.01)  
Weighted average number of shares outstanding - basic 3,550,000 3,550,000  
XML 23 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
3 Months Ended
Sep. 30, 2011
Related Party Disclosures  
Related Party Transactions Disclosure

Note 6  Related Party Transactions - (Note 4)

 

On August 30, 2010, the Company issued a promissory note of $15,000 to the Company’s president and received $15,000 cash in exchange.  The note is unsecured, non-interest bearing and matures on September 30, 2012.  During the three month period ended September 30, 2011, the Company has recorded interest expense of $226 (three month period ended September 30, 2010 - $nil) and also recorded a capital contribution of $226 (2010 - $nil) in respect of the imputed interest charge on this note payable.

On February 11, 2011, the Company issued a promissory note of $25,000 to the Company’s president and received $25,000 cash in exchange.  The promissory note is unsecured, bears interest at 6% per annum, and matures on February 28, 2013.  During the three month period ended September 30, 2011, the Company accrued $255 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.

 

On May 10, 2011, the Company issued a promissory note of $10,000 to the Company’s president and received $10,000 cash in exchange.  The promissory note is unsecured, bears interest at 6% per annum, and matures on May 31, 2013.  During the three month period ended September 30, 2011, the Company accrued $102 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.  

On August 22, 2011, the Company issued a promissory note of $10,000 to the Company’s president and received $10,000 cash in exchange.  The promissory note is unsecured, bears interest at 6% per annum, and matures on August 31, 2013.  During the three month period ended September 30, 2011, the Company accrued $15 (three month period ended September 30, 2010 - $nil) of interest expense in respect of this note payable.

 

On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company.  Pursuant to the agreement, the former President of the Company assumed $61,027 of related party notes payable and accrued interest. (Note 4)

XML 24 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Instruments
3 Months Ended
Sep. 30, 2011
Investments, All Other Investments  
Financial Instruments Disclosure

Note 5  Financial Instruments

 

Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.

 

In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs.  The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.  Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

 

Level 1 - inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.

 

Level 2 - inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

Level 3 - inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

 

The carrying value of the Company’s financial assets and liabilities which consist of cash, accounts payable and accrued liabilities in management’s opinion approximate their fair value due to the short maturity of such instruments.  These financial assets and liabilities are valued using level 3 inputs, except for cash which is at level 1.  Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, exchange or credit risks arising from these financial instruments.

XML 25 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Event
3 Months Ended
Sep. 30, 2011
Subsequent Events  
Subsequent Events

Note 7  Subsequent Event

 

On October 3, 2011, the Company issued 1,000,000 common shares to pursuant to a share subscription agreement at $0.045 per share for total proceeds of $45,000.

 

On November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 824,000 and 465,000, common shares, respectively, were returned to treasury and cancelled. Due to the fact that the shares under this agreement have been cancelled without exchange of consideration to reduce the number of shares outstanding, the Company considered the change in capital structure from the cancellation agreement a reverse stock split. In accordance with SAB Topic 4-C, the Company recorded the cancellation retrospectively as a reduction to the par value of common stock with a corresponding increase to additional paid-in capital.

XML 26 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments
3 Months Ended
Sep. 30, 2011
Commitment and Contingencies  
Commitments Disclosure

Note 8  Commitment

 

On September 1, 2011, the Company entered into a lease agreement for a term of two years.  The Company’s commitment for annual minimum future lease payments under office rental agreements are as follows:





2012

$

23,828

2013

$

31,770

2014

$

5,295





Additional fees and taxes of approximately $2,541 per month are due in connection with the lease agreement.  Upon acceptance of the lease agreement, a security deposit of $12,000 was required.  As of September 30, 2011, a security deposit of $12,000 was unpaid.

XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) (USD $)
Common Stock
Additional Paid-in Capital
Deficit Accumulated During the Exploration Stage
Total
Beginning Balance, amount at Mar. 03, 2010        
Capital stock issued to founder for cash, shares 2,000,000     2,000,000
Capital stock issued to founder for cash, value $ 2,000 $ 13,558   $ 15,558
Capital stock returned to treasury for cancellation, shares (824,000)     (824,000)
Capital stock returned to treasury for cancellation, value (824) 824    
Capital stock issued for cash, shares, net of commission 1,550,000     1,550,000
Capital stock issued for cash, value, net of commission 1,550 10,705   12,255
Founders stock returned to treasury for cancellation, shares (465,000)     (465,000)
Founders stock returned to treasury for cancellation, value (465) 465    
Net loss for the period     (7,077) (7,077)
Ending Balance, amount at Jun. 30, 2010 2,261 25,552 (7,077) 20,736
Ending Balance, shares at Jun. 30, 2010 2,261,000     2,261,000
Capital contribution by president - Note 6   676   676
Net loss for the period     (68,721) (68,721)
Ending Balance, amount at Jun. 30, 2011 2,261 26,228 (75,798) (47,309)
Ending Balance, shares at Jun. 30, 2011 2,261,000     2,261,000
Capital contribution by president - Note 6   226   226
Capital contribution - Sale of subsidiary - Note 4   82,745   82,745
Net loss for the period     (49,903) (49,903)
Ending Balance, amount at Sep. 30, 2011 $ 2,261 $ 107,910 $ (125,701) $ (14,241)
Ending Balance, shares at Sep. 30, 2011 2,261,000     2,261,000
XML 28 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Sale of Subsidiary
3 Months Ended
Sep. 30, 2011
Business Combinations  
Mergers, Acquisitions and Dispositions Disclosures

Note 4  Sale of Subsidiary

 

On August 31, 2011, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company.  Pursuant to the Agreement, the Company’s interest in KRC was transferred to the former President and the former president assumed all interests and liabilities of KRC amounting to $61,027 in exchange for the Company’s interest in KRC.

 

The following table summarizes the identifiable assets and liabilities of KRC that were disposed of, the consideration received, and the loss of KRC for the period from July 1, 2011 to August 31, 2011.

 

 

 

 

August 31, 2011

Identifiable Assets and Liabilities

Amount owed to Kinetic Resources Corp

$

(13,220)

Net liabilities of KRC

 

(13,220)

 

 

 

Consideration Received

 

 

Settlement of promissory notes and accrued interest

 

61,027

Assumption of accounts payable

 

21,718

Elimination of consolidated losses of KRC

 

13,220

 

 

95,965

 

 

 

Sale of subsidiary- related party

$

82,745

 

 

 

Loss for the period from July 1, 2011 to August 31, 2011

 

 

 

 

 

Mineral property option costs

$

4,000

 

 

Subsequently, on November 11, 2011, the former President of the Company and several shareholders entered into a stock cancellation agreement with the Company whereby 824,000 and 465,000, common shares, respectively, were returned to treasury and cancelled (See Note 8 Subsequent Events).

XML 29 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 25 83 1 true 3 0 false 3 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://none/20110930/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - BALANCE SHEETS (unaudited) Sheet http://none/20110930/role/idr_BALANCESHEETSUnaudited BALANCE SHEETS (unaudited) false false R3.htm 000030 - Statement - BALANCE SHEETS (Unaudited) (Parenthetical) Sheet http://none/20110930/role/idr_BALANCESHEETSUnauditedParenthetical BALANCE SHEETS (Unaudited) (Parenthetical) false false R4.htm 000040 - Statement - INTERIM STATEMENTS OF OPERATIONS (Unaudited) Sheet http://none/20110930/role/idr_INTERIMSTATEMENTSOFOPERATIONSUnaudited INTERIM STATEMENTS OF OPERATIONS (Unaudited) false false R5.htm 000050 - Statement - STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) Sheet http://none/20110930/role/idr_STATEMENTOFSTOCKHOLDERSEQUITYDEFICITUnaudited STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) false false R6.htm 000060 - Statement - INTERIM STATEMENTS OF CASH FLOWS (Unaudited) Sheet http://none/20110930/role/idr_INTERIMSTATEMENTSOFCASHFLOWSUnaudited INTERIM STATEMENTS OF CASH FLOWS (Unaudited) false false R7.htm 000070 - Disclosure - Basis of Presentation Sheet http://none/20110930/role/idr_DisclosureBasisOfPresentation Basis of Presentation false false R8.htm 000080 - Disclosure - Nature of Operations and Ability to Continue as a Going Concern Sheet http://none/20110930/role/idr_DisclosureNatureOfOperationsAndAbilityToContinueAsAGoingConcern Nature of Operations and Ability to Continue as a Going Concern false false R9.htm 000090 - Disclosure - Summary of Significant Accounting Policies Sheet http://none/20110930/role/idr_DisclosureSummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies false false R10.htm 000100 - Disclosure - Sale of Subsidiary Sheet http://none/20110930/role/idr_DisclosureSaleOfSubsidiary Sale of Subsidiary false false R11.htm 000110 - Disclosure - Financial Instruments Sheet http://none/20110930/role/idr_DisclosureFinancialInstruments Financial Instruments false false R12.htm 000120 - Disclosure - Related Party Transactions Sheet http://none/20110930/role/idr_DisclosureRelatedPartyTransactions Related Party Transactions false false R13.htm 000130 - Disclosure - Subsequent Event Sheet http://none/20110930/role/idr_DisclosureSubsequentEvent Subsequent Event false false R14.htm 000140 - Disclosure - Commitments Sheet http://none/20110930/role/idr_DisclosureCommitments Commitments false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - BALANCE SHEETS (unaudited) Process Flow-Through: Removing column 'Jun. 30, 2010' Process Flow-Through: 000030 - Statement - BALANCE SHEETS (Unaudited) (Parenthetical) Process Flow-Through: 000040 - Statement - INTERIM STATEMENTS OF OPERATIONS (Unaudited) Process Flow-Through: Removing column '4 Months Ended Jun. 30, 2010' Process Flow-Through: Removing column '12 Months Ended Jun. 30, 2011' Process Flow-Through: 000060 - Statement - INTERIM STATEMENTS OF CASH FLOWS (Unaudited) kntc-20110930.xml kntc-20110930.xsd kntc-20110930_cal.xml kntc-20110930_def.xml kntc-20110930_lab.xml kntc-20110930_pre.xml true true