Annual report pursuant to Section 13 and 15(d)

Note 2 - Significant Accounting Policies: Derivative Financial Instruments (Policies)

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

Derivative Financial Instruments

 

Accounting Standards Codification subtopic 815-40, Derivatives and Hedging, Contracts in Entity’s own Equity (“ASC 815-40”) became effective for the Company on October 1, 2009. The Company’s 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.