Note 2 - Significant Accounting Policies: Derivative Financial Instruments (Policies)
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12 Months Ended |
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Dec. 31, 2012
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Policies | |
Derivative Financial Instruments |
Derivative Financial Instruments
Accounting Standards Codification subtopic 815-40, Derivatives and Hedging, Contracts in Entitys own Equity (ASC 815-40) became effective for the Company on October 1, 2009. The Companys convertible debt has variable conversion rates to the exercise price, which prohibit the Company from determining the number of shares needed to settle the conversion of the debt. |
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- Definition
This item represents the significant assumptions used by management to estimate the fair value as of the balance sheet date of the financial instrument (as defined), including financial assets and financial liabilities (collectively, as defined). No definition available.
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- Details
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