10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10 – Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ________________

Commission file number: 333-178471

iVoiceIdeas, Inc.

(Exact name of registrant as specified in its charter)

Nevada	14-2001515
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

Arboretum Great Hills

9600 Great Hills Trail

Austin, TX 78759

(Address of principal executive offices)

(512) 637-1330

(Registrant’s telephone number, including area code)

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. 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. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one).

Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer ¨	Smaller reporting company x
(Do not check if a smaller reporting company)

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

As of 06/30/12 there were 72,092,500 shares of the issuer’s common stock, par value $0.0001, outstanding.

IVOICEIDEAS, INC.

FORM 10Q

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2012

TABLE OF CONTENTS

		Pg
PART I - FINANCIAL INFORMATION
Item 1	Unaudited Financial Statements	3
	Special Note Regarding Forward-Looking Statements	11
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	18
Item 1A	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	18
Item 5.	Other Information	18
Item 6.	Exhibits	19
	Signatures

2

PART I - FINANCIAL INFORMATION

ITEM I. FINANCIAL STATEMENTS

	Pg
Unaudited Balance Sheets as of June 30, 2012 and December 31, 2011	5
Unaudited Statements of Operations for the three and six months ended June 30, 2012 and 2011 and Inception to June 30, 2012	6
Unaudited Statements of Cash Flows for the six months ended June 30, 2012 and 2011 and Inception to June 30, 2012	7
Unaudited Statement of Shareholder's Equity	8
Notes to Unaudited Financial Statements	9

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FINANCIAL STATEMENTS

iVoiceIdeas, Inc.

June 30, 2012

July 22, 2012

The Board of Directors iVoiceIdeas, Inc.

Clay Thomas, P.C.

Certified Public Accountant

I have reviewed the accompanying consolidated balance sheet of iVoiceIdeas, Inc. as of June 30, 2012, and the related consolidated statements of operations, stockholders’ equity, and cash flows for the period then ended, in accordance with statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of iVoiceIdeas, Inc.

A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly I do not express such an opinion.

Based on my review, I am not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles. My review was made for the purpose of expressing limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles. The information contained in the accompanying schedules of sales, cost of sales, and operating expenses is presented for supplementary analysis purposes. Such information has been subjected to the inquiry and analytical procedures applied in the review of the basic financial statements and I am not aware of any material modifications that should be made thereto.

Clay Thomas, PC

//s// Clay Thomas

8302 Hausman Road West No. 518

San Antonio, Texas 78249

(210) 908-9536 (office)

(210) 908-9344 (fax)

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iVoiceIdeas, Inc. 

(A Development Stage Company)

Balance Sheets

For the Six Months ending June 30, 2012 and

For the Year Ending December 31, 2011

(unaudited)

	6 Months			Year
	Ending			Ending
	June 30,			December 31,
	2012			2011
Assets
Current Assets
Cash		75,644			31,104
Total Current Assets		75,644			31,104
Other Assets
Intangible Property		103,500			90,500
Less Accumulated Amortization		(14,000	)		(7,000	)
Equipment		254
Total Other Assets		89,754			83,500
Total Assets		165,398			114,604
Liabilities and Stockholders' Equity
Liabilities
Accounts Payable		16,055			-
Total Liabilities		16,055			-
Stockholders' Equity
Series A Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, 0 and 5,000,000 issued and outstanding at 06/30/12 and 12/31/11, respectively.		-			500
Common Stock, $0.0001 par value, 190,000,000 shares authorized, 72,092,500 and 17,362,500 issued and outstanding at 06/30/12 and 12/31/11, respectively.		2,709			1,736
Additional Paid-In Capital		503,916			267,889
Deficit accumulated during the development stage		(357,282	)		(155,521	)
Total Stockholders' Equity		149,343			114,604
Total Liabilities and Stockholders' Equity		165,398			114,604

The accompanying notes are an integral part of the financial statements

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iVoiceIdeas, Inc.

(A Development Stage Company)

Statements of Operations

For the Three Months Ending June 30, 2012 and 2011 and

For the Six Months Ending June 30, 2012 and 2011

and the Period from Inception to June 30, 2012

(unaudited)

													Inception
													to
	3 Months Ending June 30,						6 Months Ending June 30,						June 30,
	2012			2011			2012			2011			2012
Revenue														11,000
Total Revenue		-			-			-			-			11,000
Operating Expense
Design and Development		-			-			-			-			5,632
General and Administrative		162,890			3,322			201,761			7,311			352,650
Total Operating Expense		162,890			3,322			201,761			7,311			358,282
Operating Income (Loss)		(162,890	)		(3,322	)		(201,761	)		(7,311	)		(347,282	)
Operating Income (Loss) before tax provision (Benefit)		(162,890	)		(3,322	)		(201,761	)		(7,311	)		(347,282	)
Tax Provision (Benefit)		-			-			-			-
Net Operating Loss		(162,890	)		(3,322	)		(201,761	)		(7,311	)		(347,282	)
Other Comprehensive Income
Loss on Option														(10,000	)
Total Comprehensive Income (Loss)		-			-			-			-			(10,000	)
Net Loss		(162,890	)		(3,322	)		(201,761	)		(7,311	)		(357,282	)
Net Loss per Common Share (Basic)		(0.008	)		0.000			(0.010	)		(0.003	)		(0.027	)

The accompanying notes are an integral part of the financial statements

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iVoiceIdeas, Inc.

(A Development Stage Company)

Statements of Cash Flows

For the Three Months Ending June 30, 2012 and 2011 and

For the Six Months Ending June 30, 2012 and 2011

and the Period from Inception to June 30, 2012

(unaudited)

							Inception
							to
	6 Months Ending June 30,						June 30,
	2012			2011			2012
Cash Flows From Operating Activities
Net income (loss) from operations		(201,761	)		(7,311	)		(347,282	)
Net gain (loss)		(201,761	)		(7,311	)		(347,282	)
Accounts Payable		16,055						16,055
Imputed Rent					3,600			16,500
Stock Based Compensation					1,000			1,000
Net cash used by operating activities		(185,706	)		(2,711	)		(313,727	)
Cash Flows From Investing Activities
Loss on Investment Option								(10,000	)
Capitalized intangible property		(13,000	)		(12,750	)		(96,375	)
Accumulated Amortization		7,000						14,000
Furniture and Equipment		(254	)					(254	)
Net cash provided (used) by investing activities		(6,254	)		(12,750	)		(92,629	)
Cash Flows From Financing Activities
Common Stock Repurchase					(210,000	)		(210,000	)
Net proceeds from stock issuance for IP acquisition		-						500
Net proceeds from sale of common stock		236,500						466,500
Net Proceeds from sale of Series A Preferred Stock					225,000			225,000
Net cash provided from financing activities		236,500			15,000			482,000
Net increase (decrease) in cash		44,540			(461	)		75,644
Cash, beginning of period		31,104			44,922			-
Cash, end of period		75,644			44,461			75,644
Supplemental Disclosures
Income taxes paid		-			-			-
Cash interest paid		-			-			-

The accompanying notes are an integral part of the financial statements

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iVoiceIdeas, Inc.

(A Development Stage Company)

Statements of Changes in Stockholders' Equity

For the Period of Inception through June 30, 2012

(unaudited)

	Series A Preferred						Common Stock						Additional			Accumulated Deficit
	Shares			Amount			Shares			Amount			Paid-In Capital			Development Stage			Total
Net Loss																(9,578		)	(9,578		)
Common Stock Issued in Consideration for Acquisition on 06/15/09 ($0.0001 per share)								5,000,000			500									500
Sale of Common Stock 12/01/09 ($0.01 per share)								10,000,000			1,000			99,000						100,000
Additional Paid in Capital														3,900						3,900
Balance at 12/31/09		-			-			15,000,000			1,500			102,900			(9,578	)		94,822
Net Income																	(38,600	)		(38,600	)
Additional Paid in Capital														7,200						7,200
Issuance of Common Stock on 12/08/10 and 12/22/10 for Consideration ($0.05 per share)								142,500			15			7,110						7,125
Sale of Common Stock on 12/28/10 ($0.02 per share)								1,000,000			100			19,900						20,000
Balance at 12/31/10		-			-			16,142,500			1,615			137,110			(48,178	)		90,547
Net Income																	(107,343	)		(107,343	)
Sale of Series A Preferred Stock on 01/16/11 ($0.045 per share)		5,000,000			500									224,500						225,000
Common stock repurchase on 01/28/11 ($0.21 per share)								(1,000,000	)		(100	)		(209,900	)					(210,000	)
Stock-based compensation on 06/15/11 for services rendered ($0.05 per share)								20,000			1			999						1,000
Sale of common stock on 08/10/11 ($0.05 per share)								600,000			60			29,940						30,000
Sale of common stock on 10/11/11 ($0.05 per share)								800,000			80			39,920						40,000
Sale of common Stock on 12/6/11 ($0.05 per share)								800,000			80			39,920						40,000
Additional paid in capital														5,400						5,400
Balance at 12/31/11		5,000,000			500			17,362,500			1,736			267,889			(155,521	)		114,604
Net Income																	(38,871	)		(38,871	)
Balance at 03/31/12		5,000,000			500			17,362,500			1,736			267,889			(194,392	)		75,733
Net Income																	(162,890	)		(162,890	)
Conversion of Preferred Stock to Common Stock on 5/15/12		(5,000,000	)		(500	)								(224,500	)					(225,000	)
Converted Series A Preferred to Common Stock on 5/15/12 at 10:1 Ratio, Par $0.0001								50,000,000			500			224,500						225,000
IPO Sale of Common Stock on 04/30/12 ($0.05 per share)								4,730,000			473			236,027						236,500
Balance at 06/30/12		-			-			72,092,500			2,709			503,916			(357,282	)		149,343

The accompanying notes are an integral part of the financial statements

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iVoiceIdeas, Inc.

(A Development Stage Company)

Notes to Financial Statements

(unaudited)

Note 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

iVoiceIdeas, Inc. formerly Ernest Einstein, Inc.; (the “Company”), a Nevada Corporation, was incorporated on April 3, 2002. The Company, a development stage entity, is headquartered in Austin, Texas at Arboretum Great Hills, 9600 Great Hills Trail, Austin, TX 78759. The company currently operates “iVoiceIdeas.com”. The Company’s fiscal year end is December 31.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. We have not generated significant income to date. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern as noted by our independent auditor in its opinion letter. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.

Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Basis. We have prepared our financial statements in accordance with generally accepted accounting principles in the United States of America for financial information. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such statements are of a normal recurring nature.

Development Stage Company. We have prepared our financial statements according to generally accepted accounting policies related to the reports of development stage entities. This includes the disclosure of certain items from inception to date.

Use of Estimates. The preparation of the Company's financial statements in accordance with generally accepted accounting principles 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 income and expense during the reporting period. These estimates are based on information available as of the date of the financial statements. Actual results could differ from management’s estimates. The financial statements, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company's financial position and results of operations and cash flows for the periods reported. Results for these periods may not be indicative of future results.

Unaudited Financial Information. The accompanying interim financial statements are unaudited and reviewed. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations and cash flows for the interim periods.

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Concentrations of Credit Risk. Financial instruments, which could subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents with FDIC insured financial institutions in the United States, which management assesses to be of high quality in order to limit exposure of each investment. Cash equivalents consist of highly liquid short-term instruments with original maturities of three months or less at the time of purchase.

Dividends. The Company has not adopted a policy of paying dividends. No dividends have been paid during the periods shown and none are contemplated in the near future.

Earnings per Share. Earnings per share are calculated by dividing the net income available to shareholders by the weighted average of outstanding number of common shares (basic computation). We do not include potential common shares because we still have a loss from operations.

Revenue Recognition. In general, the Company will recognize revenue when (1) concrete evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured.

Advertising Costs. Our policy is to expense advertising costs as they are incurred.

Property, Plant and Equipment. The Company does not own any real estate or other properties. All property employed by the company is used on a leased basis.

Website and Software Development Costs. The company capitalizes its costs to develop its website and internal use software. When preliminary development efforts are successfully completed, and management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended, such costs are amortized on a straight-line basis over the estimated use of the useful life of the related asset, which approximates three years. Costs incurred prior to meeting these criteria, together with the costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and expensed over the estimated use of the life of the upgrades.

Stock-Based Compensation. Stock-based compensation expense is measured at the grant date based on the fair value of the award.

Income Taxes. The Company has incurred losses since inception and therefore, has not been subject to payment of federal income taxes. As of June 30, 2011 and 2012, the Company estimates an accumulated net operating loss (“NOL”) carry forward of approximately $30,790 and $330,782 respectively, resulting in deferred tax assets of approximately $10,777 and $115,774, respectively. The carry forwards, if not utilized, begin to expire in 2031. Because tax laws in the United States limit the time during which an NOL and tax credit carry forwards may be applied against future taxable income and tax liabilities, the Company may not be able to take full advantage of NOL and tax credits for federal income tax purposes. Therefore, deferred tax assets are not recognized in the above financial statements since they are contingent. The Company amortizes capitalized software costs over a period of 15 years.

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 of the financial position or results of operations of the Company.

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Note 3: SUBSEQUENT EVENTS.

Management has reviewed and evaluated subsequent events through the date of July 30, 2012. There have been no material subsequent events.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

To the extent that the information presented in this Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 discusses financial projections, information or expectations about our products or markets, or otherwise makes statements about future events, such statements are forward-looking. We are making these forward-looking statements in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties are described, among other places in this Quarterly Report, in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.

In addition, we disclaim any obligations to update any forward-looking statements to reflect events or circumstances after the date of this Quarterly Report. When considering such forward-looking statements, you should keep in mind the risks referenced above and the other cautionary statements in this Quarterly Report.

__________________________________

ITEM 1. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of the financial condition and results of our operations should be read in conjunction with the consolidated financial statements and the notes to those statements included elsewhere in this prospectus. This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled “Risk Factors” and elsewhere in this prospectus.

Overview

iVoiceIdeas delivers collaborative innovation and social networking tools for the development of new ideas. Our service is delivered on the Internet. We focus on the development of new ideas using social networking and collaboration plus crowd sourcing. Our goal is to find the best ideas and solutions available on any subject.

In addition to building a community of ideas, we believe in the creative use of crowd sourcing to solve problems of national and local importance to our users. We deliver unique collaboration tools to allow groups to develop projects and ideas together.

Our goal as a company is not only to create an interesting social environment for ideas, but to be an important place for new ideas to be developed and heard by policy makers at every level and within any organization.

Our primary URL is www.iVoiceIdeas.com.

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We serve three primary constituencies:

• Users.    We provide users with tools that stimulate problem solving, innovation, collaboration and the development of solutions to problems of national and local importance as well as ideas and solutions related to business and community.

• Advertisers.    We will provide advertisers a platform where they can reach our users with information regarding their products and services.

• Readers.    We provide casual readers as well as those seeking the latest trends and solutions to national and local problems a place where they can see what ideas are being rated most highly by our reader and users. Our design is aimed at making the Web site interesting to casual readers while encouraging them to vote on the ideas they feel have the most merit.

We were incorporated in Nevada in 2002.

Plan of Operations

We launched our BETA site in early October 2011. We are a social network, focused on collaborative development of ideas and solutions of interest to users. Our content will be generated by users. These users will also be able to collaborate on ideas and solutions to problems as well as to vote on the ideas they like the best. Ideas with the most votes in each subject category are presented on the home page for greater exposure. We expect the site to focus on the needs of communities as well as on political, social, financial and personal issues of interest to our users.

During the next twelve months, we plan to improve the performance and functionality of our Web site during the BETA phase in preparation for a larger public launch of the Web site after it is redesigned to overcome any issues, problems or opportunities identified during the BETA phase. We have not defined a specific length of time during which we intend to operate in BETA format. We expect that time line to be determined by user response, available funding and the time needed to develop the post-BETA public release version of the Web site. We are seeking to attract a modest user base during BETA so we don’t overload the system before confirming its capacity to handle the growth in traffic. The information we gain from this experience will assist us in developing the full version of the Web site for release in 2012.

Our Web site will be supported by advertising revenue. However, during the BETA phase and early development, we do not expect this income to be substantial because the amount of traffic to the Web site will be small. We estimate that we will need more than two million users in order to attract enough advertising to fully support us financially.

Marketing. We expect to market our functionality on a city-by-city basis as a way to give focus to the initial marketing and as a way to stimulate user interest. As we complete the development of our commercial web site during the BETA phase, we will complete the planning and strategies related to marketing its web sites and functions to key communities to whom we expect to provide the platform needed for rapid growth in users and content. By way of analogy, Facebook uses a marketing strategy of focusing on developing college campuses as cohesive user groups in order to grow its user base rapidly. In a similar way, we expect to use large municipalities as homogeneous groups with shared concerns about issues related to their communities in order to grow our user base. By using this method, we hope to see the same type of rapid growth that was experienced by Facebook during its early roll out.

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Liquidity and Capital Resources

From inception to date, our only source of cash to fund operations has been from investors through the sale of our securities to them. When we launched the development of the iVoiceIdeas Web site in 2009, we received an initial contribution of share capital of $100,000 from an accredited investor who purchased 10 million shares of common stock at $0.01 per share. These funds were raised under an exemption from registration set forth in Regulation D, 506 and Section 4(2) of the Securities Act. We paid five million shares of common stock to acquire the intellectual property, design and ideas related to our business in June of 2009. At the end of 2010, we received an additional investment from an investor of $20,000 for one million shares of common stock priced at $.02 per share. These funds were raised under an exemption from registration set forth in Regulation D, 506 and Section 4(2) of the Securities Act. We later agreed to repurchase then one million shares from this investor (an unrelated party) for $210,000 so they are no longer issued and outstanding. The shares were sold to this investor on December 28, 2010 for $20,000 and the repurchase of these shares occurred on January 27, 2011. In 2011, we agreed to issue five million shares of Class A preferred stock to an investor in exchange for $225,000. In December 2010, we issued 142,500 common shares at a value of $0.05 per share to an investor in exchange for $7,125. These funds were raised under an exemption from registration set forth in Regulation D, 506 and Section 4(2) of the Securities Act. We have issued 20,000 shares for services to various persons who helped with our site design. In August 2011 we issued 600,000 shares of common stock to an investor at $0.05 per share ($30,000). These funds were raised under an exemption from registration set forth in Regulation D, 506 and Section 4(2) of the Securities Act. In October 2011 we raised $40,000 at $0.05 per share and likewise in December we raised an additional $40,000 at $0.05 per share.

In April 2012 we raised $236,500 in a registered public offering at $0.05 per share issuing an additional 4,730,000 shares in that offering.

Stock-Based Compensation.    We made stock grants totaling 20,000 shares at valuations determined by our Board of Directors to employees, developers, key personnel and consultants. See, “Critical Accounting Policies and Estimates—Stock-Based Compensation.”

In 2011, we issued a total of 20,000 shares of common stock to seven individuals for services they had provided in helping us develop the concepts for iVoiceIdeas.com.

As of June 30, 2011, we had cash on hand of $44,461. As of June 30, 2012, we had cash on hand of $75,644 and had $16,055 in current liabilities and no warrants or options outstanding.

We do not have any debt or long-term liabilities at this time. We have paid for our operating expenses as we progressed toward the BETA launch. We do not currently have any plans to use debt financing because we feel that it increases the financial risk related to the ownership of our common stock. Because social networks are viewed as a growing industry today, we have not had problems raising the capital we needed thus far. However, this could change in the future if the public mood or attitude related to social networks changes in the future.

Capital Resources

During the interim period ending June 30, 2012, the Company raised $236,500 through its initial public offering.

Beyond this, our growth will be affected by the amount of money we can invest in marketing our site to potential new users. If we do not have substantial capital for marketing, our growth will be slower. This is more cash than we have on hand and we expect to use the proceeds of this Offering for this purpose. In addition, we can accelerate the marketing of iVoiceIdeas with additional funds as well as develop additional product offerings we believe will be of interest to our users if we are successful in acquiring additional capital through this offering.

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We expect it to be at least 18 months (and maybe longer) before we can grow advertising revenue to the level where we will be cash flow positive. That means we will need investment income from this offering and from other sources to establish ourselves as a successful business during this interim period. Although this is typical of Internet companies, we must continue to acquire capital in order to sustain operations.

Long-term, we expect our primary source of revenue to be from our advertisers. We are just launching our initial BETA site, so we do not have any advertising revenue during the reporting periods since we were developing our business model and technology. This aspect of our business will need to be developed successfully over the next few years in order for us to succeed on a long-term basis. We do not have any long-term debt or contract obligations.

Trends in Our Business

Our business has currently launched the Beta version of our first primary Web site. We are accepting our first customers and garnering feedback from them on ways to improve the site’s performance. We expect to incorporate much of this information into future versions of our site before our official launch.

We expect to take 18 to 24 months to grow our user base to where it will support advertising revenue sufficient to pay expenses. We anticipate that we will need to procure additional capital after we complete our Beta launch to cover operating expenses from the time we introduce the next version of the site to the public and when we reach profitability.

Provision for Income Taxes

The Company has incurred losses since inception and therefore, has not been subject to payment of federal income taxes. As of June 30, 2011 and June 30, 2012, the Company estimates an accumulated net operating loss (“NOL”) carryforward of approximately $30,790 and $330,782 respectively, resulting in deferred tax assets of approximately $10,777 and $115,774, respectively. The carryforwards, if not utilized, begin to expire in 2031. Because tax laws in the United States limit the time during which an NOL and tax credit carryforwards may be applied against future taxable income and tax liabilities, the Company may not be able to take full advantage of NOL and tax credits for federal income tax purposes. Deferred tax assets are not recognized in the above financial statements since they are contingent. The Company has adopted section 197 of the US Tax Code regarding amortization of capitalized software costs over a period of 15 years and under guidance of the section, incurred tax amortization of $1,396 for the year ended December 31, 2011. 

Off-Balance Sheet Entities

As of the date of the period ending June 30, 2012, we do not have any relationship with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

14

 Critical Accounting Policies and Estimates

We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the U.S. In doing so, we have to make estimates and assumptions that affect our reported amounts of assets, liabilities, revenues and expenses, as well as related disclosure of contingent assets and liabilities. In many cases, we could reasonably have used different accounting policies and estimates. In some cases changes in the accounting estimates are reasonably likely to occur from period to period. Accordingly, actual results could differ materially from our estimates. To the extent that there are material differences between these estimates and actual results, our financial condition or results of operations will be affected. We base our estimates on past experience and other assumptions that we believe are reasonable under the circumstances, and we evaluate these estimates on an ongoing basis. We refer to accounting estimates of this type as critical accounting policies and estimates, which we discuss further below. Our management has reviewed our critical accounting policies and estimates with our board of directors. (See, Note 2 to our Financial Statements.)

Stock Issued and Stock-based Compensation

We have 72,092,500 shares of common stock issued and outstanding as of June 30, 2012. We have no options or warrants issued or outstanding. We are authorized to issue up to 190 million shares of common stock and up to 10 million shares of preferred stock by our articles of incorporation.

Accounting for Stock-Based Awards to Employees

We have not granted any stock options as of June 30, 2012. In the future, we may grant stock options at exercise prices equal to the value of the underlying stock as determined by our board of directors on the date of option grant. For purposes of financial accounting, we will apply hindsight to arrive at reassessed values for the shares underlying our options and issued under other transactions. There are two measures of value of our common stock that are relevant to our accounting for equity compensation relating to our compensatory equity grants:

• The “board-determined value” is the per share value of our common stock determined by our board of directors at the time the board makes an equity grant, taking into account a variety of factors, including our historical and projected financial results, comparisons of comparable companies, risks facing us, as well as the liquidity of the common stock.

• The “reassessed value” is the per share value of our common stock determined by us in hindsight solely for the purpose of financial accounting for employee stock-based compensation.

We will record deferred stock-based compensation to the extent that the reassessed value of the stock at the date of grant exceeds the exercise price of the option. The reassessed values for accounting purposes are determined based on a number of factors and methodologies. One of the significant methods we will use to determine the reassessed values for the shares underlying options is through a comparison of price multiples of our historical and forecasted earnings to certain public companies involved in the same or similar lines of business. We also considered our financial performance and growth. If our revenue and earnings grow it will contributed significantly to the increase in the reassessed values of our shares. We may also retain third party advisors to provide contemporaneous valuation analyses. Please note that these reassessed values are inherently uncertain and highly subjective.

15

Accounting for Stock-Based Awards to Non-employees

We will measure the fair value of options to purchase our common stock granted to non-employees throughout the vesting period as they are earned, at which time we recognize a charge to stock-based compensation. The fair value is determined using the Black-Scholes option-pricing model, which considers the exercise price relative to the reassessed value of the underlying stock, the expected stock price volatility, the risk-free interest rate and the dividend yield. As there has been no public market for our stock, our assumptions about stock-price volatility are based on the volatility rates of comparable publicly held companies. These rates may or may not reflect our stock-price volatility should we become a publicly held company.

Effect of Recent Accounting Pronouncements

In November 2002, the EITF reached a consensus on Issue 00-21, Accounting for Multiple Element Revenue Arrangements, addressing how to account for arrangements that involve the delivery or performance of multiple products, services, and/or rights to use assets. Revenue arrangements with multiple deliverables are divided into separate units of accounting if the deliverables in the arrangement meet the following criteria: (1) the delivered item has value to the customer on a standalone basis; (2) there is objective and reliable evidence of the fair value of undelivered items; and (3) delivery of any undelivered item is probable. Arrangement consideration should be allocated among the separate units of accounting based on their relative fair values, with the amount allocated to the delivered item limited to the amount that is not contingent on the delivery of additional items or meeting other specified performance conditions. The guidance in Issue 00-21 is effective for revenue arrangements entered into in fiscal periods after June 15, 2003. The adoption of Issue 00-21 did not have an impact on our financial statements. See the further discussion in Note 1 of Notes to the Consolidated Financial Statements included as part of this prospectus.

During November 2002, the FASB issued Interpretation No. 45, Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness to Others, an interpretation of FASB Statements No. 5, 57 and 107 and a rescission of FASB Interpretation No. 34 (FIN 45). FIN 45 elaborates on the existing disclosure requirements for a guarantor in its interim and annual financial statements regarding its obligations under guarantees issued. It also clarifies that at the time a guarantee is issued, the guarantor must recognize an initial liability for the fair value of the obligations it assumes under the guarantee and must disclose that information in its financial statements. The initial recognition and measurement provisions apply on a prospective basis to guarantees of third party obligations issued or modified after December 31, 2002, and the disclosure requirements apply to such guarantees outstanding at December 31, 2002. We adopted the provisions of FIN 45 at January 1, 2003. The adoption of this Interpretation did not have an impact on our operating results. See further discussion regarding indemnifications in Note 7 to the Notes to the Consolidated Financial Statements included with this prospectus.

In January 2003, the FASB issued Interpretation No. 46, Consolidation of Variable Interest Entities. Interpretation No. 46 clarifies the application of Accounting Research Bulletin No. 51. This Interpretation requires variable interest entities to be consolidated if the equity investment at risk is not sufficient to permit an entity to finance its activities without support from other parties or the equity investors lack specified characteristics. We do not have any variable interest entities.

In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity. SFAS No. 150 establishes standards for how a company classifies and measures certain financial instruments with characteristics of both liabilities and equity. It requires that an issuer classify certain financial instruments as a liability (or as an asset in some circumstances). SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003, and otherwise is effective at the beginning of the first interim period beginning after June 15, 2003. The adoption of SFAS No. 150 did not have an impact on our financial statements.

16

ITEM 3.           QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We do not expect to face quantitative risk related to changes in currency exchange rates in the next twelve months nor do we face significant risk from changes in interest rates since we do not have any debt instruments. As a publicly traded entity, we may face risks from qualitative and quantitative equity security prices since we will not have control over the price of our common stock as it is traded in the market. If our common equity price is volatile or if our equity is priced too low by the market, it could substantially affect how we are perceived and our ability to raise money in the future from the additional sale of securities either privately or to the public.

ITEM 4.            CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Management’s Report On Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:

· Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;

· Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting  principles generally accepted in the United States of America and that  receipts and expenditures of the company are being made only in accordance  with authorizations of management and directors of the company; and

· Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

17

Small issuers are exempt from the Sarbanes Oxley requirement to conduct an independent review of internal controls.

As a small company we have some inherent weaknesses in internal controls, such as: (1) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) ineffective controls over period end financial disclosure and reporting processes.

Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

Changes in internal controls over financial reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are not engaged in any legal proceedings or lawsuits and management is not aware of any claims or pending litigation related to the business.

ITEM 1A. RISK FACTORS

Smaller reporting companies are not required to provide the information required by this item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

We did not purchase or sell any unregistered securities during the period covered by this report.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 5. OTHER INFORMATION

None.

18

ITEM 6. EXHIBITS 

23.03	Auditor’s Consent
31.1	Rule 13(a)/15(d)-14(a) Certification of principal executive officer
31.2	Rule 13(a)-15(d)-14(a) Certification of principal financial and accounting officer
32.1	Section 1350 Certification of principal executive officer and principal financial and accounting officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

August 1, 2012	By:	//s// Maurice Stone
		Maurice Stone, Principal Executive Officer and Director
August 1, 2012	By:	//s// Kathy Gilchrist
		Secretary, Principal Accounting Officer

19

EX-23.3

Exhibit 23.03

Clay Thomas, P.C.

Certified Public Accountant

8302 Hausman Road West, No. 518

San Antonio, Texas 78249

(210) 908-9536 (office)

(210) 908-9344 (fax)

To the Board of Directors

iVoice Ideas, Inc.

Austin, Texas

CONSENT OF INDEPENDENT ACCOUNTANTS

I hereby consent to the incorporation of audited financial statement information for December 31, 2011 and my audit Review Report for the period ending June 30, 2012 and from inception to June 30, 2012 relating to the financial statements and financial statement schedules for these periods.

Respectfully,

//s// Clay Thomas

Clay Thomas, P.C.

August 1, 2012

EX-31.1

EXHIBIT 31.1

EXHIBIT 31.1

RULE 13A-14(A)/15D-14(A) CERTIFICATION

I, Maurice Stone, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended June 30, 2012 of iVoiceIdeas, Inc.;

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(s) 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 15-d-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(s) 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.

August 1, 2012	By:	/s/ Maurice Stone
		Maurice Stone
		President, Principal Executive Officer

EX-31.2

EXHIBIT 31.2

EXHIBIT 31.2

RULE 13A-14(A)/15D-14(A) CERTIFICATION

I, Kathy Gilchrist, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended June 30, 2012 of iVoiceIdeas, Inc.;

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(s) 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 15-d-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(s) 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.

August 1, 2012	By:	/s/ Kathy Gilchrist
		Kathy Gilchrist
		Secretary, Principal Accounting Officer

EX-32.1

EXHIBIT 32.1

SECTION 1350 CERTIFICATION

In connection with the quarterly report of iVoiceIdeas, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission (the “Report”), the undersigned, Principal Chief Accounting Officer and Principal Executive Officer certify, pursuant to 18 U.S.C. SS. 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) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

August 1, 2012	By: //s// Kathy Gilchrist
	Kathy Gilchrist
	Principal Accounting officer
	By:  //s//s Maurice Stone
	Maurice Stone
	Principal Executive Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Basis. We have prepared our financial statements in accordance with generally accepted accounting principles in the United States of America for financial information. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such statements are of a normal recurring nature.

Development Stage Company. We have prepared our financial statements according to generally accepted accounting policies related to the reports of development stage entities. This includes the disclosure of certain items from inception to date.

Use of Estimates. The preparation of the Company's financial statements in accordance with generally accepted accounting principles 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 income and expense during the reporting period. These estimates are based on information available as of the date of the financial statements. Actual results could differ from management’s estimates. The financial statements, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company's financial position and results of operations and cash flows for the periods reported. Results for these periods may not be indicative of future results.

Unaudited Financial Information. The accompanying interim financial statements are unaudited and reviewed. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations and cash flows for the interim periods.

Concentrations of Credit Risk. Financial instruments, which could subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents with FDIC insured financial institutions in the United States, which management assesses to be of high quality in order to limit exposure of each investment. Cash equivalents consist of highly liquid short-term instruments with original maturities of three months or less at the time of purchase.

Dividends. The Company has not adopted a policy of paying dividends. No dividends have been paid during the periods shown and none are contemplated in the near future.

Earnings per Share. Earnings per share are calculated by dividing the net income available to shareholders by the weighted average of outstanding number of common shares (basic computation). We do not include potential common shares because we still have a loss from operations.

Revenue Recognition. In general, the Company will recognize revenue when (1) concrete evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured.

Advertising Costs. Our policy is to expense advertising costs as they are incurred.

Property, Plant and Equipment. The Company does not own any real estate or other properties. All property employed by the company is used on a leased basis.

Website and Software Development Costs. The company capitalizes its costs to develop its website and internal use software. When preliminary development efforts are successfully completed, and management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended, such costs are amortized on a straight-line basis over the estimated use of the useful life of the related asset, which approximates three years. Costs incurred prior to meeting these criteria, together with the costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and expensed over the estimated use of the life of the upgrades.

Stock-Based Compensation. Stock-based compensation expense is measured at the grant date based on the fair value of the award.

Income Taxes. The Company has incurred losses since inception and therefore, has not been subject to payment of federal income taxes. As of June 30, 2011 and 2012, the Company estimates an accumulated net operating loss (“NOL”) carry forward of approximately $30,790 and $330,782 respectively, resulting in deferred tax assets of approximately $10,777 and $115,774, respectively. The carry forwards, if not utilized, begin to expire in 2031. Because tax laws in the United States limit the time during which an NOL and tax credit carry forwards may be applied against future taxable income and tax liabilities, the Company may not be able to take full advantage of NOL and tax credits for federal income tax purposes. Therefore, deferred tax assets are not recognized in the above financial statements since they are contingent. The Company amortizes capitalized software costs over a period of 15 years.

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 of the financial position or results of operations of the Company.

XML

ORGANIZATION AND DESCRIPTION OF BUSINESS

6 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

iVoiceIdeas, Inc. formerly Ernest Einstein, Inc.; (the “Company”), a Nevada Corporation, was incorporated on April 3, 2002. The Company, a development stage entity, is headquartered in Austin, Texas at Arboretum Great Hills, 9600 Great Hills Trail, Austin, TX 78759. The company currently operates “iVoiceIdeas.com”. The Company’s fiscal year end is December 31.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. We have not generated significant income to date. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern as noted by our independent auditor in its opinion letter. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.

XML

Balance Sheets (USD $)	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash	$ 75,644	$ 31,104
Total Current Assets	75,644	31,104
Other Assets
Intangible Property	103,500	90,500
Less Accumulated Amortization	(14,000)	(7,000)
Equipment	254
Total Other Assets	89,754	83,500
Total Assets	165,398	114,604
Liabilities and Stockholders' Equity
Accounts Payable	16,055	0
Total Liabilities	16,055	0
Stockholders' Equity
Series A Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, 0 and 5,000,000 issued and outstanding at 06/30/12 and 12/31/11, respectively.	0	500
Common Stock, $0.0001 par value, 190,000,000 shares authorized, 72,092,500 and 17,362,500 issued and outstanding at 06/30/12 and 12/31/11, respectively.	2,709	1,736
Additional Paid-In Capital	503,916	267,889
Deficit accumulated during the development stage	(357,282)	(155,521)
Total Stockholders' Equity	149,343	114,604
Total Liabilities and Stockholders' Equity	$ 165,398	$ 114,604

XML

Statements of Changes in Stockholders' Equity (USD $)	Series Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2008	$ 0	$ 0	$ 0	$ 0	$ 0
Balance (in shares) at Dec. 31, 2008	0	0
Net Income (loss)				(9,578)	(9,578)
Issuance of Common Stock		500			500
Issuance of Common Stock (in shares)		5,000,000
Issuance of Stock		1,000	99,000		100,000
Issuance of Stock (in shares)		10,000,000
Additional paid in capital			3,900		3,900
Balance at Dec. 31, 2009	0	1,500	102,900	(9,578)	94,822
Balance (in shares) at Dec. 31, 2009	0	15,000,000
Net Income (loss)				(38,600)	(38,600)
Issuance of Common Stock		15	7,110		7,125
Issuance of Common Stock (in shares)		142,500
Issuance of Stock		100	19,900		20,000
Issuance of Stock (in shares)		1,000,000
Additional paid in capital			7,200		7,200
Balance at Dec. 31, 2010	0	1,615	137,110	(48,178)	90,547
Balance (in shares) at Dec. 31, 2010	0	16,142,500
Net Income (loss)				(107,343)	(107,343)
Issuance of Stock	500		224,500		225,000
Issuance of Stock (in shares)	5,000,000
Common stock repurchase on 01/28/11 ($0.21 per share)		(100)	(209,900)		(210,000)
Common stock repurchase on 01/28/11 ($0.21 per share) (in shares)		(1,000,000)
Stock-based compensation on 06/15/11 for services rendered ($0.05 per share)		1	999		1,000
Stock-based compensation on 06/15/11 for services rendered ($0.05 per share) (in shares)		20,000
Additional paid in capital			5,400		5,400
Sale of common stock on 08/10/11 ($0.05 per share)		60	29,940		30,000
Sale of common stock on 08/10/11 ($0.05 per share) (in shares)		600,000
Sale of common stock on 10/11/11 ($0.05 per share)		80	39,920		40,000
Sale of common stock on 10/11/11 ($0.05 per share) (in shares)		800,000
Sale of common Stock on 12/6/11 ($0.05 per share)		80	39,920		40,000
Sale of common Stock on 12/6/11 ($0.05 per share) (in shares)		800,000
Balance at Dec. 31, 2011	500	1,736	267,889	(155,521)	114,604
Balance (in shares) at Dec. 31, 2011	5,000,000	17,362,500
Net Income (loss)				(38,871)	(38,871)
Balance at Mar. 31, 2012	500	1,736	267,889	(194,392)	75,733
Balance (in shares) at Mar. 31, 2012	5,000,000	17,362,500
Net Income (loss)				(162,890)	(162,890)
Conversion of Preferred Stock to Common Stock on 5/15/12	(500)		(224,500)		(225,000)
Conversion of Preferred Stock to Common Stock on 5/15/12 (in shares)	(5,000,000)
Converted Series A Preferred to Common Stock on 5/15/12 at 10:1 Ratio, Par $0.0001		500	224,500		225,000
Converted Series A Preferred to Common Stock on 5/15/12 at 10:1 Ratio, Par $0.0001 (in shares)		50,000,000
Issuance of Stock		473	236,027		236,500
Issuance of Stock (in shares)		4,730,000
Balance at Jun. 30, 2012	$ 0	$ 2,709	$ 503,916	$ (357,282)	$ 149,343
Balance (in shares) at Jun. 30, 2012	0	72,092,500

XML

Statements of Changes in Stockholders' Equity [Parenthetical] (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Series Preferred Stock [Member]
Stock issued during period one per share price		$ 0.045
Common Stock [Member]
Stock issued during period acquisitions per share				$ 0.0001
Stock issued during period per share price	$ 0.05			$ 0.01
Stock issued during period repurchase per share		$ 0.21
Shares issued for service rendered per share price		$ 0.05
Stock issued during period one per share price		$ 0.05	$ 0.05
Stock issued during period two per share price		$ 0.05	$ 0.02
Stock issued during period three per share price		$ 0.05
Stock issued during period converted series preferred to common stock per share price	$ 0.0001
Converted series preferred stock to common stock ratio	10:1

XML

Balance Sheets [Parenthetical] (USD $)	Jun. 30, 2012	Dec. 31, 2011
Preferred Stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	5,000,000
Preferred Stock, shares outstanding	0	5,000,000
Common Stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common Stock, shares authorized	190,000,000	190,000,000
Common Stock, shares issued	72,092,500	17,362,500
Common Stock, shares outstanding	72,092,500	17,362,500

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Document and Entity Information	6 Months Ended
	Jun. 30, 2012
Entity Registrant Name	iVoiceIdeas, Inc.
Entity Central Index Key	0001536521
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	72,092,500
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2012

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Statements of Operations (USD $)	3 Months Ended		6 Months Ended		123 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Revenue					$ 11,000
Total Revenue	0	0	0	0	11,000
Operating Expense
Design and Development	0	0	0	0	5,632
General and Administrative	162,890	3,322	201,761	7,311	352,650
Total Operating Expense	162,890	3,322	201,761	7,311	358,282
Operating Income (Loss)	(162,890)	(3,322)	(201,761)	(7,311)	(347,282)
Operating Income (Loss) before tax provision (Benefit)	(162,890)	(3,322)	(201,761)	(7,311)	(347,282)
Tax Provision (Benefit)	0	0	0	0
Net Operating Loss	(162,890)	(3,322)	(201,761)	(7,311)	(347,282)
Other Comprehensive Income
Loss on Option					(10,000)
Total Comprehensive Income (Loss)	0	0	0	0	(10,000)
Net Loss	$ (162,890)	$ (3,322)	$ (201,761)	$ (7,311)	$ (357,282)
Net Loss per Common Share (Basic) (in dollars per share)	$ (0.008)	$ 0.000	$ (0.010)	$ (0.003)	$ (0.027)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Operating Loss Carryforwards	$ 330,782	$ 30,790
Deferred Tax Assets (Liabilities), Net	$ 115,774	$ 10,777
Operating Loss Carryforwards, Expiration Dates	2031
Capitalized Computer Software, Amortization Period	15 years

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Accounting Basis. We have prepared our financial statements in accordance with generally accepted accounting principles in the United States of America for financial information. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such statements are of a normal recurring nature.

Development Stage Company [Policy Text Block]

Development Stage Company. We have prepared our financial statements according to generally accepted accounting policies related to the reports of development stage entities. This includes the disclosure of certain items from inception to date.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates. The preparation of the Company's financial statements in accordance with generally accepted accounting principles 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 income and expense during the reporting period. These estimates are based on information available as of the date of the financial statements. Actual results could differ from management’s estimates. The financial statements, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company's financial position and results of operations and cash flows for the periods reported. Results for these periods may not be indicative of future results.

Unaudited Financial Information [Policy Text Block]

Unaudited Financial Information. The accompanying interim financial statements are unaudited and reviewed. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations and cash flows for the interim periods.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk. Financial instruments, which could subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company places its cash and cash equivalents with FDIC insured financial institutions in the United States, which management assesses to be of high quality in order to limit exposure of each investment. Cash equivalents consist of highly liquid short-term instruments with original maturities of three months or less at the time of purchase.

Dividends [Policy Text Block]

Dividends. The Company has not adopted a policy of paying dividends. No dividends have been paid during the periods shown and none are contemplated in the near future.

Earnings Per Share, Policy [Policy Text Block]

Earnings per Share. Earnings per share are calculated by dividing the net income available to shareholders by the weighted average of outstanding number of common shares (basic computation). We do not include potential common shares because we still have a loss from operations.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition. In general, the Company will recognize revenue when (1) concrete evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured.

Advertising Costs, Policy [Policy Text Block]

Advertising Costs. Our policy is to expense advertising costs as they are incurred.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment. The Company does not own any real estate or other properties. All property employed by the company is used on a leased basis.

Research, Development, and Computer Software, Policy [Policy Text Block]

Website and Software Development Costs. The company capitalizes its costs to develop its website and internal use software. When preliminary development efforts are successfully completed, and management has authorized and committed project funding, it is probable that the project will be completed, and the software will be used as intended, such costs are amortized on a straight-line basis over the estimated use of the useful life of the related asset, which approximates three years. Costs incurred prior to meeting these criteria, together with the costs incurred for training and maintenance, are expensed as incurred. Costs incurred for enhancements that are expected to result in additional material functionality are capitalized and expensed over the estimated use of the life of the upgrades.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation. Stock-based compensation expense is measured at the grant date based on the fair value of the award.

Income Tax, Policy [Policy Text Block]

Income Taxes. The Company has incurred losses since inception and therefore, has not been subject to payment of federal income taxes. As of June 30, 2011 and 2012, the Company estimates an accumulated net operating loss (“NOL”) carry forward of approximately $30,790 and $330,782 respectively, resulting in deferred tax assets of approximately $10,777 and $115,774, respectively. The carry forwards, if not utilized, begin to expire in 2031. Because tax laws in the United States limit the time during which an NOL and tax credit carry forwards may be applied against future taxable income and tax liabilities, the Company may not be able to take full advantage of NOL and tax credits for federal income tax purposes. Therefore, deferred tax assets are not recognized in the above financial statements since they are contingent. The Company amortizes capitalized software costs over a period of 15 years.

New Accounting Pronouncements, Policy [Policy Text Block]

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 of the financial position or results of operations of the Company.

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Statements of Cash Flows (USD $)	6 Months Ended		123 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Cash Flows From Operating Activities
Net income (loss) from operations	$ (201,761)	$ (7,311)	$ (347,282)
Net gain (loss)	(201,761)	(7,311)	(347,282)
Accounts Payable	16,055		16,055
Imputed Rent		3,600	16,500
Stock Based Compensation		1,000	1,000
Net cash used by operating activities	(185,706)	(2,711)	(313,727)
Cash Flows From Investing Activities
Loss on Investment Option			(10,000)
Capitalized intangible property	(13,000)	(12,750)	(96,375)
Accumulated Amortization	7,000		14,000
Furniture and Equipment	(254)		(254)
Net cash provided (used) by investing activities	(6,254)	(12,750)	(92,629)
Cash Flows From Financing Activities
Common Stock Repurchase		(210,000)	(210,000)
Net proceeds from stock issuance for IP acquisition	0		500
Net proceeds from sale of common stock	236,500		466,500
Net Proceeds from sale of Series A Preferred Stock		225,000	225,000
Net cash provided from financing activities	236,500	15,000	482,000
Net increase (decrease) in cash	44,540	(461)	75,644
Cash, beginning of period	31,104	44,922	0
Cash, end of period	75,644	44,461	75,644
Supplemental Disclosures
Income taxes paid	0	0	0
Cash interest paid	$ 0	$ 0	$ 0

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SUBSEQUENT EVENTS.

6 Months Ended

Jun. 30, 2012

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 3: SUBSEQUENT EVENTS.

Management has reviewed and evaluated subsequent events through the date of July 30, 2012. There have been no material subsequent events.