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SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES (Policy)
9 Months Ended
Jun. 30, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES [Abstract]  
Development Stage Company

Development Stage Company


The Company is currently in the development stage as defined in ASC 915, "Accounting and Reporting by Development Stage Enterprises". The Company has not generated any revenue from operations since its inception.


Interim Financial Statements

Interim Financial Statements


These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States ("GAAP") and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements for the period ended September 30, 2011 and notes thereto contained in the Company's Annual Report filed with the SEC on Form 10-K on December 29, 2011. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended September 30, 2011, as reported in the Form 10-K filed on December 29, 2011, have been omitted.


Consolidated Financial Statements

Consolidated Financial Statements


The consolidated financial statements of the Company include the accounts of the Company and its wholly-owned subsidiary, First Titan Technical, LLC, from the date of its formation. Significant intercompany transactions have been eliminated in consolidation.


Cash and Cash Equivalents

Cash and Cash Equivalents


For the purpose of the financial statements cash equivalents include all highly liquid investments with maturity of three months or less.


Earnings (Loss) per Share

Earnings (Loss) per Share


The basic earnings (loss) per share are calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per share are calculated by dividing the Company's net income (loss) available to common Shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. There are no diluted shares outstanding for any periods reported.


Dividends

Dividends


The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown, and none are contemplated in the near future.


Income Taxes

Income Taxes


The Company adopted FASB ASC 740, Income Taxes, at its inception deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carryforwards, 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 on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. No deferred tax assets or liabilities were recognized as of June 30, 2012.


Advertising

Advertising


The Company will expense advertising as incurred. Advertising expense since inception has been $0.00.


Use of Estimates

Use of Estimates


The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.


Revenue and Cost Recognition

Revenue and Cost Recognition


The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.


Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements


The Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, including those not yet effective, is not anticipated to have a material effect on the financial position or results of operations of the Company.