DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
Mar. 31, 2012
Notes to Financial Statements
DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	Note 1. Description of Business and Summary of Significant Accounting Policies *Description of Business* Accelerated Acquisition XII, Inc. (“the Company”) was incorporated in the state of Delaware on May 4, 2010. The Company was formed as a “shell company” with no operations while it sought new business opportunities. On August 15, 2011, the Company entered into a licensing agreement pursuant to which the Company was granted an exclusive, non-transferrable worldwide license for certain first run movies, live concerts, break-dance battles, rhyme competitions, documentaries, news, DJ competitions and interviews (“media content”), distribution platforms, patents, intellectual property, know-how, trade secret information to provide intelligent, family-appropriate Hip-Hop content to a multi-racial/multi-generational demographic. As a result of entering into the licensing agreement and undertaking efforts into the development deployment of its products, the Company ceased to be a shell company. The Company operates in one reportable business segment, the development and commercialization of products to improve media content. The Company is currently in the development stage. All activities of the Company to date relate to its organization and acquiring rights to its products. *Going Concern* We were a shell company from May 4, 2010 until our entry into the media content distribution business in August 15, 2011. We have incurred net losses of approximately $76,551 since inception through March 31, 2012. At March 31, 2012 we had approximately $24 in cash and approximately $0 other assets and our total liabilities were approximately $72,150. The report of our independent registered public accounting firm on our financial statements from inception through March 31, 2012 contains an explanatory paragraph regarding our ability to continue as a going concern based upon recurring operating losses and our need to obtain additional financing to sustain operations. Our ability to continue as a going concern is dependent upon our ability to obtain the necessary financing to meet our obligations and repay our liabilities when they become due and to generate sufficient revenues from our operations to pay our operating expenses. There are no assurances that we will continue as a going concern. *Use of Estimates* The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual amounts may differ from these estimates. *Cash Equivalents and Investments* The Company considers all securities which are highly liquid and purchased with original maturities of 90 days or less to be cash equivalents. Securities which the Company does not intend to hold to maturity generally will be classified as available-for-sale securities and carried at estimated fair value based on available market information, with unrealized gains and losses to be reported as a component of accumulated other comprehensive income in stockholders’ equity. A decline in the market value of a security below its cost that is deemed to be other-than-temporary will be charged to earnings. Realized gains and losses, amortization of premiums, accretion of discounts and earned interest will be included in interest income. The cost of securities when sold will be based upon specific identification. *Fair Value of Financial Instruments* The fair value of financial instruments, including cash, cash equivalents and accrued liabilities, is representative of their respective fair values due to their short maturities. *Property and Equipment* Property and equipment will be stated at cost, less accumulated depreciation and amortization. Depreciation and amortization will be calculated on a straight-line basis over the estimated useful lives of the respective assets. *Impairment of Long-Lived Assets* The Company will review long-lived assets for impairment whenever events or changes in business circumstances would indicate that the carrying amount of the assets may not be fully recoverable. An impairment loss would be recognized when future estimated cash flows expected to result from the use of the asset, and its eventual disposition, are less than the carrying amount of the asset. The impairment loss would be based on the excess of the carrying value over its respective fair value. Through March 31, 2012, the Company had not acquired any long-lived assets and had not recorded any impairment losses. *Stock-Based Compensation* Stock options and other stock-based awards granted to employees, directors and/or consultants will be accounted for using an estimate of the fair value of the stock award on the date it is granted. The estimated fair value of the award on the grant date will be recognized into the consolidated statement of operations on a straight-line basis over the vesting period of the underlying stock award. *Comprehensive loss* Components of other comprehensive loss (which are not included in net loss) are included as part of total comprehensive loss. For the period presented, comprehensive loss is the same as net loss and has been included in the statement of stockholders’ deficit. *Operating Leases* The Company plans to recognize rental expense on a straight-line basis over the term of each operating lease. *Revenue Recognition* The Company plans to recognize revenues, if any are earned, when the Company’s performance requirements have been fulfilled, the amount is fixed and determinable, and collection is reasonably assured. Revenue from license fees with non-cancelable, non-refundable terms and no future performance obligations would be recognized when collection is assured. Milestone payments would be recognized when the Company or a third-party fulfills the development milestone requirements and collection is assured. The Company expects that future royalty revenue, if any, would be recorded when payments are received, since the Company does not expect that it will be able to reasonably estimate the sales upon which the royalties are based. If the Company enters into revenue arrangements with multiple components, the Company expects to divide the components into separate units of accounting if specified criteria are met, including whether the delivered component has stand-alone value to the customer, and whether there is objective reliable evidence of the fair value of the undelivered items. Consideration received would be allocated among the separate units of accounting based on their relative fair values, and the applicable revenue recognition criteria identified and applied to each of the units. *Net Loss per Share* Net loss per share is calculated using the weighted-average number of shares of common stock outstanding during the period. Because the Company has not reported net income, the net loss position of the Company results in basic and diluted net loss per share being the same; conversely, if the company had reported net income, the impact of potentially dilutive securities would have reduced the net income per share. *Income Taxes* The Company uses the liability method of accounting for income taxes, and determines deferred tax assets and liabilities based on differences between the financial and tax reporting basis of assets and liabilities. The Company measures these assets and liabilities using enacted tax rates and laws that are scheduled to be in effect when the differences are expected to reverse. Because the realization of any deferred tax assets will be dependent upon future earnings, and the Company’s future earnings are uncertain, the Company expects that its net deferred tax assets will be fully offset by a valuation allowance. The Company plans to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. *Recent Accounting Pronouncements* There are no recently issued accounting pronouncements which have not yet been adopted that the Company believes are likely to have a material impact on its financial position or results of operations.

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Mar. 31, 2012

DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

Note 1. Description of Business and Summary of Significant Accounting Policies

Description of Business

Accelerated Acquisition XII, Inc. (“the Company”) was incorporated in the state of Delaware on May 4, 2010. The Company was formed as a “shell company” with no operations while it sought new business opportunities. On August 15, 2011, the Company entered into a licensing agreement pursuant to which the Company was granted an exclusive, non-transferrable worldwide license for certain first run movies, live concerts, break-dance battles, rhyme competitions, documentaries, news, DJ competitions and interviews (“media content”), distribution platforms, patents, intellectual property, know-how, trade secret information to provide intelligent, family-appropriate Hip-Hop content to a multi-racial/multi-generational demographic.

As a result of entering into the licensing agreement and undertaking efforts into the development deployment of its products, the Company ceased to be a shell company. The Company operates in one reportable business segment, the development and commercialization of products to improve media content.

The Company is currently in the development stage. All activities of the Company to date relate to its organization and acquiring rights to its products.

Going Concern

We were a shell company from May 4, 2010 until our entry into the media content distribution business in August 15, 2011. We have incurred net losses of approximately $76,551 since inception through March 31, 2012. At March 31, 2012 we had approximately $24 in cash and approximately $0 other assets and our total liabilities were approximately $72,150. The report of our independent registered public accounting firm on our financial statements from inception through March 31, 2012 contains an explanatory paragraph regarding our ability to continue as a going concern based upon recurring operating losses and our need to obtain additional financing to sustain operations. Our ability to continue as a going concern is dependent upon our ability to obtain the necessary financing to meet our obligations and repay our liabilities when they become due and to generate sufficient revenues from our operations to pay our operating expenses. There are no assurances that we will continue as a going concern.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual amounts may differ from these estimates.

Cash Equivalents and Investments

The Company considers all securities which are highly liquid and purchased with original maturities of 90 days or less to be cash equivalents. Securities which the Company does not intend to hold to maturity generally will be classified as available-for-sale securities and carried at estimated fair value based on available market information, with unrealized gains and losses to be reported as a component of accumulated other comprehensive income in stockholders’ equity. A decline in the market value of a security below its cost that is deemed to be other-than-temporary will be charged to earnings. Realized gains and losses, amortization of premiums, accretion of discounts and earned interest will be included in interest income. The cost of securities when sold will be based upon specific identification.

Fair Value of Financial Instruments

The fair value of financial instruments, including cash, cash equivalents and accrued liabilities, is representative of their respective fair values due to their short maturities.

Property and Equipment

Property and equipment will be stated at cost, less accumulated depreciation and amortization. Depreciation and amortization will be calculated on a straight-line basis over the estimated useful lives of the respective assets.

Impairment of Long-Lived Assets

The Company will review long-lived assets for impairment whenever events or changes in business circumstances would indicate that the carrying amount of the assets may not be fully recoverable. An impairment loss would be recognized when future estimated cash flows expected to result from the use of the asset, and its eventual disposition, are less than the carrying amount of the asset. The impairment loss would be based on the excess of the carrying value over its respective fair value. Through March 31, 2012, the Company had not acquired any long-lived assets and had not recorded any impairment losses.

Stock-Based Compensation

Stock options and other stock-based awards granted to employees, directors and/or consultants will be accounted for using an estimate of the fair value of the stock award on the date it is granted. The estimated fair value of the award on the grant date will be recognized into the consolidated statement of operations on a straight-line basis over the vesting period of the underlying stock award.

Comprehensive loss

Components of other comprehensive loss (which are not included in net loss) are included as part of total comprehensive loss. For the period presented, comprehensive loss is the same as net loss and has been included in the statement of stockholders’ deficit.

Operating Leases

The Company plans to recognize rental expense on a straight-line basis over the term of each operating lease.

Revenue Recognition

The Company plans to recognize revenues, if any are earned, when the Company’s performance requirements have been fulfilled, the amount is fixed and determinable, and collection is reasonably assured. Revenue from license fees with non-cancelable, non-refundable terms and no future performance obligations would be recognized when collection is assured. Milestone payments would be recognized when the Company or a third-party fulfills the development milestone requirements and collection is assured. The Company expects that future royalty revenue, if any, would be recorded when payments are received, since the Company does not expect that it will be able to reasonably estimate the sales upon which the royalties are based.

If the Company enters into revenue arrangements with multiple components, the Company expects to divide the components into separate units of accounting if specified criteria are met, including whether the delivered component has stand-alone value to the customer, and whether there is objective reliable evidence of the fair value of the undelivered items. Consideration received would be allocated among the separate units of accounting based on their relative fair values, and the applicable revenue recognition criteria identified and applied to each of the units.

Net Loss per Share

Net loss per share is calculated using the weighted-average number of shares of common stock outstanding during the period. Because the Company has not reported net income, the net loss position of the Company results in basic and diluted net loss per share being the same; conversely, if the company had reported net income, the impact of potentially dilutive securities would have reduced the net income per share.

Income Taxes

The Company uses the liability method of accounting for income taxes, and determines deferred tax assets and liabilities based on differences between the financial and tax reporting basis of assets and liabilities. The Company measures these assets and liabilities using enacted tax rates and laws that are scheduled to be in effect when the differences are expected to reverse. Because the realization of any deferred tax assets will be dependent upon future earnings, and the Company’s future earnings are uncertain, the Company expects that its net deferred tax assets will be fully offset by a valuation allowance. The Company plans to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense.

Recent Accounting Pronouncements

There are no recently issued accounting pronouncements which have not yet been adopted that the Company believes are likely to have a material impact on its financial position or results of operations.