Annual report pursuant to Section 13 and 15(d)

Note 2 - Significant Accounting Policies: Fair Value of Financial Instruments (Policies)

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Note 2 - Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Fair Value of Financial Instruments

Fair Value Of Financial Instruments

 

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2012 and 2011. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. See Footnote 17 for derivative liabilities.