Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Translating Financial Statements (Policies)

9 Months Ended

Sep. 30, 2012

Policies

Translating Financial Statements

Translating Financial Statements

The functional currency of Sendio is the Czech Koruna (CZK).  The accounts of Sendio contained in the accompanying consolidated balance sheets as of September 30, 2012 and December 31, 2011 have been translated into United States dollars at the exchange rate prevailing as of those dates. Translation adjustments are included in “Accumulated Other Comprehensive Income,” a separate component of stockholders’ equity. The accounts of Sendio in the accompanying consolidated statements of operations for the nine months ended September 30, 2012 and 2011 have been translated using the average exchange rates prevailing for the respective periods.  Sendio recorded an aggregate of $0, $3,678, $0 and ($7,905) of foreign currency transaction gain (loss) to general and administrative expense in the accompanying statements of operations for the three and nine months ended September 30, 2012 and 2011, respectively.