Cybergy (CYBG) 10-K/A 24 Oct 13 2012 FY Annual report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2012
Document and Entity Information
Entity Registrant Name	MOUNT KNOWLEDGE HOLDINGS, INC.
Document Type	10-K
Document Period End Date	31-Dec-12
Amendment Flag	TRUE
Entity Central Index Key	1397951
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding	190,695,096
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Public Float	$0
Amendment Description	XBRL NOT INCLUDED IN ORIGINAL FILING

MOUNT_KNOWLEDGE_HOLDINGS_INC_C

MOUNT KNOWLEDGE HOLDINGS, INC.- Consolidated Balance Sheets (USD $)	Dec. 31, 2012		Dec. 31, 2011
Current Assets:
Cash	$233		$63,454
Prepaid expenses and other assets			10,000
Assets held for sale			142,083
Due from related party	2,100
Total current assets	2,333		215,537
TOTAL ASSETS	2,333		215,537
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable and accrued liabilities, current	226,309		180,822
Liabilities for assumption			280,525
Other payables			51,960
Due to related parties			176,900
Notes payable	550,000		600,000
Derivative liability	2,594,068		4,999,571
Total Current Liabilities	3,370,377		6,289,778
Total Liabilities	3,370,377		6,289,778
Stockholders' deficit:
Preferred stock	1,610	[1]	987	[1]
Common stock	19,070	[2]	11,097	[2]
Additional paid-in capital	5,845,951		5,279,274
Common stock to be issued	122,000
Accumulated other comprehensive loss	-20,788		-18,621
Deficit, prior to development stage	-11,735,422		-12,062,989
Retained earnings, development stage	2,399,535
Total common stockholders' deficit	-3,368,044		-6,790,252
Non-controlling interest			716,011
Total stockholders' deficit	-3,368,045		-6,074,241
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$2,333		$215,537
[1]	$0.0001 par value, 100,000,000 shares authorized, 50,000,000 shares, designated as Series A convertible preferred stock, $0.0001 par value, 8,888,888 issued and outstanding at December 31, 2012 and December 31, 2011
[2]	$0.0001 par value, 200,000,000 shares authorized, 190,695,096 and 110,978,650 issued and outstanding at December 31, 2012 and December 31, 2011

MOUNT_KNOWLEDGE_HOLDINGS_INC_C1

MOUNT KNOWLEDGE HOLDINGS, INC. Consolidated Statements of Operations (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2011
Income Statement
Sales revenue
Cost of goods sold
Gross profit
Operating Expenses:
General and administrative expenses	101,878	231,385	2,150,863
Total operating expenses	101,878	231,385	2,150,863
Loss from operations	-101,878	-231,385	-2,150,863
Other income			1,000
Interest expense	-69,395	-89,440	-48,991
Change in fair value of derivative liability	2,558,175	2,852,455	-4,812,705
Gain on debt extinguishment	12,633	12,633
Net (Income) loss from continuing operations	2,399,535	2,544,264	-7,011,559
Discontinued operations:
Income (Loss) from discontinued operations		5,096	-1,070,684
Gain (Loss) on disposal of subsidiary		174,736	-3,482
Net Income (Loss)	2,399,535	2,724,096	-8,085,725
Net loss attributable to non-controlling interest		-3,004	-422,708
Net Income (Loss) attributable to Common Shareholders	2,399,535	2,727,100	-7,663,017
Comprehensive Income (loss)
Net Income (Loss)	2,399,535	2,724,096	-8,085,725
Foreign Currency Translation Adjustment	-2,167	-2,167	-13,974
Comprehensive Income (Loss)	2,397,368	2,721,929	-8,099,699
Comprehensive loss attributable to the non-controlling interest		-3,004	-422,708
Comprehensive loss attributable to common shareholders	$2,397,368	$2,724,933	($7,676,991)
Per share information - basic and diluted:
Weighted average number of common shares outstanding- basic and diluted		152,788,733	104,616,814
Net Income (Loss) from continuing operations per common share- basic and diluted		$0.02	($0.06)
Net Income (Loss) from discontinuing operations per common share- basic and diluted		$0	($0.01)
Net Income (Loss) per common share- basic and diluted		$0.02	($0.07)

MOUNT_KNOWLEDGE_HOLDINGS_INC_C2

MOUNT KNOWLEDGE HOLDINGS, INC. Consolidated Statements of Cash Flows (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income (loss) attributable to common shareholders	$2,399,535	$2,727,100	($7,663,017)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Net loss attributable to non-controlling interest in subsidiary		-3,004	-422,708
Shares issued for services			794,985
Subsidiary shares issued for cash
Subsidiary shares issued for services			316,771
Share-based compensation			96,000
(Gain) on debt extinguishment	-12,633	-12,633
Change in fair value of derivative liability	-2,558,175	-2,852,455	4,812,705
(Gain) Loss on disposal of subsidiaries		-174,736	3,482
Changes in operating assets and liabilities:
Changes in assets held for sale		46,294	782,418
Prepaid expenses and other assets			10,000
Other assets			-10,000
Accounts payable and accrued liabilities	69,395	56,440	80,210
Other payable		-51,960	-15,000
Due to/from related party	-116,000	-116,000
Net cash used in operating activities	-217,878	-380,954	-1,224,154
Cash flows from investing activities:
Advances/loans- related party	-2,100	-2,100	41,574
Net cash provided by (used in) investing activities	-2,100	-2,100	41,574
Cash flows from financing activities:
Proceeds from related parties			160,060
Proceeds from note payable		100,000	505,000
Repayment to note payable
Proceeds from share issuances	100,000	100,000
Subsidiary shares issued for cash			552,165
Share subscriptions received	122,000	122,000
Net cash provided by financing activities	222,000	322,000	1,217,225
Effect of exchange rate changes on cash	-2,167	-2,167	-13,974
Net change in Cash	-145	-63,221	20,671
Cash and cash equivalents, beginning of period	378	63,454	42,783
Cash and cash equivalents, end of period	233	233	63,454
Supplemental Disclosure Cash Flow Information:
Interest expense paid			1,124
Interest taxes paid			6,686
Non-Cash Investing and Financing Activities:
Conversion of note payable to equity			774,354
Common stock issued in exchange for shares of Mount Knowledge USA Inc.	-446,953	-446,953	-186,866
Warrants issued in exchange for shares of Mount Knowledge USA Inc.	$446,953	$446,953	$186,866

Mount_Knowledge_Holdings_IncCo

Mount Knowledge Holdings, Inc.Consolidated Statement of Stockholders' Equity (USD $)	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss)	Subscription Received	Deficit, prior to development stage	Retained Earnings, Development Stage	Non-Controlling Interest	Total
Balance, Value at Dec. 31, 2010	$889	$9,960	$4,265,625	($4,647)		($4,399,972)		($193,806)	($321,951)
Balance, Shares at Dec. 31, 2010	8,888,888	99,600,226
Shares issued for consulting fee, Value		466	794,519						794,985
Shares issued for consulting fee, Shares		4,669,397
Share based compensation, Value		48	95,952					96,000
Share based compensation, Shares		480,000
Stock and warrants issued in exchange for shares of subsidiary, Value		623	123,276				-310,765	-186,866
Stock and warrants issued in exchange for shares of subsidiary, Shares		6,229,027
Make-whole preferred shares on convertibility, Value	98		-98
Make-whole preferred shares on convertibility, Shares	984,617
Stock issued by subsidiary for cash							552,165	552,165
Stock issued by subsidiary for debt							1,014,354	1,014,354
Stock issued by subsidiary for services							76,771	76,771
Foreign Currency Translation Adjustment				-13,974				-13,974	-13,974
Net Loss						-7,663,017	-422,708	-8,085,725	-8,085,725
Balance, Value at Dec. 31, 2011	987	-11,097	5,279,274	-18,621		-12,062,989		716,011	-6,074,241
Balance, Shares at Dec. 31, 2011	9,873,505	110,987,650
Stock and warrants issued in exchange for shares of subsidiary, Value		7,472	1,860,440					-1,867,911
Stock and warrants issued in exchange for shares of subsidiary, Shares		74,716,446
Make-whole preferred shares on convertibility, Value	623		-623
Make-whole preferred shares on convertibility, Shares	6,223,791
Foreign Currency Translation Adjustment									-2,167
Net Loss				-2,167		327,566	2,399,535	-3,004	2,721,930
Debt settlement with intellectual property, Value			60,900						60,900
Stock issued for cash, Value		500	99,500					100,000
Stock issued for cash, Shares		5,000,000
Share exchange effect on non-controlling interest			-1,453,540					1,154,904	-298,636
Balance, Value at Dec. 31, 2012	1,610	19,070	5,845,951	-20,788	122,000	-11,735,423	2,399,535		-3,368,047
Share subscriptions received at Dec. 31, 2012					$122,000				$122,000
Balance, Shares at Dec. 31, 2012	16,097,296	190,695,096

Note_1_Business_Basis_of_Prese

Note 1 - Business, Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2012
Notes
Note 1 - Business, Basis of Presentation and Significant Accounting Policies	Note 1 - Business, Basis of Presentation and Significant Accounting Policies
	Organization
	Mount Knowledge Holdings, Inc. (“MKHD”, or the “Company”, or “Successor Company”) was incorporated as Auror Capital Corp. under the laws of the State of Nevada on March 16, 2006. On January 25, 2010, the Company filed an amendment and restatement to the Articles of Incorporation of the Company with the State of Nevada, which were approved by the Board of Directors on October 20, 2009 by written consent in lieu of a special meeting in accordance with the Nevada corporation law, changing its name to Mount Knowledge Holdings, Inc. and increasing the number of authorized common and preferred shares.
	On October 24, 2011, MKA sold 100% ownership interest of Language Key Asia Ltd., Hong Kong (“LKA”) and all of its subsidiaries, except for LKTR. Prior to the sale on October 24, 2011, the corporate structure of LKA consisted of the following:
	(a) 100% ownership interest of Mount Knowledge Asia Ltd., Hong Kong (“MKA”);
	(i) 100% ownership interest of LKA;
	(1)     100% ownership interest of Language Key Corporate Training Solutions Ltd., Hong Kong (“LKCTS”);
	(a)           100% ownership interest of LKTR; and
	(b)           100% ownership interest of Language Key China Ltd., China WOFE (“LKCH”)
	(2)     100% ownership interest of LKPUB.
	(b) 66.47% ownership interest of MTK USA
	(c) 49.00% ownership interest of MTK TECH
	On December 30, 2011, the Company disposed its 49.00% ownership interest in Mount Knowledge Technologies Inc., a Canadian corporation (“MTK TECH”), pursuant to a Separation and Settlement Agreement dated December 30, 2011 between the Company and Ucandu Learning Centres Inc. and Mr. Erwin Sniedzins, the Company’s former Chairman.
	At December 31, 2011, the corporate structure of the Company, after the sale and disposition of certain operating subsidiaries during the fourth quarter of fiscal year 2011, consisted of the following:
	(a) 100% ownership interest of Mount Knowledge Asia Ltd., Hong Kong (“MKA”); and its 100% ownership interest of The Language Key Training Ltd., Hong Kong (“LKTR”).
	(b) 60.62% ownership interest of MTK USA.
	In February 2012, the Company sold Language Key Training Ltd., its Hong Kong subsidiary (“LKTR”) for a nominal cash consideration to Software Sans Frontiere SA, a Belize corporation, for consideration representing the assumption of all of the liabilities of LKTR. The trademark and associated course training materials were returned to the original seller whose obligation was settled by the payment of $15,000 prior to disposition.
	On February 24, 2012, MKA sold 100% ownership interest of LKTR. After the LKTR sale, the corporate structure of the Company consisted of the following:
	(a) 100% ownership interest of MKA;
	(b) 66.47% ownership interest of MTK USA
	Beginning April 1, 2012, the Company became classified as a development stage company.
	On December 28, 2012, the Company sold its remaining subsidiary companies, comprising MKA and MTK USA
	At December 31, 2012, the corporate structure of the Company consisted of only its own corporate accounts, with no ownership in any subsidiary companies.
	Basis of Presentation
	The accompanying financial statements have been prepared in accordance with U.S, generally accepted accounting principles (“US GAAP”). The Company’s functional currency is US dollar. The LK Group’s functional currencies are the Chinese Renminbi (“RMB¥”) and Hong Kong dollar (“HKD$”); however the accompanying financial statements have been translated and presented in United States Dollars (“USD$”).
	Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, all of which had been disposed of by December 28, 2012. Intercompany balances and transactions have been eliminated in preparing the accompanying financial statements.
	Development Stage Activities
	The Company complies with Financial Accounting Standards Codification (“ASC’) 915 and Securities and Exchange Commission Act Guide 7 for its characterization of the company as a development stage enterprise.
	Use of Estimates
	In preparing these financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
	Assets Held for Sale
	The Company considers assets to be assets held for sale when all of the following criteria are met:
	management commits to a plan to sell the assets;
	it is unlikely that the disposal plan will be significantly modified or discontinued;
	the assets are available for immediate sale in their present condition;
	actions required to complete the sale of the property have been initiated;
	sale of the property is probable and the completed sale is expected to occur within one year; and
	the assets are actively being marketed for sale at a price that is reasonable given its current market value.
	Upon designation as an asset held for sale, the Company records the carrying value of each disposal group at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and we cease depreciation.
	Fair Value of Financial instruments
	The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures" for financial assets and liabilities. FASB ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements.  FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date.  FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:
	-          Level 1:  Quoted prices in active markets for identical assets or liabilities.
	-          Level 2:  Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
	-          Level 3:  Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	All of the Company’s financial instruments are recorded at fair value due to their term of maturity.
	Financial Instruments and Concentration of Risk
	The fair value of financial instruments, which consist of cash, accounts payable and accrued liabilities and loans payable, were estimated to approximate their carrying values due to the immediate or relatively short maturity of these instruments. Unless otherwise noted, it is management’s opinion that this Company is not exposed to significant interest or credit risks arising from these financial instruments.
	Basic and Diluted Loss per Share
	In accordance with the Accounting Standards Codification (ASC) subtopic 260-10 (formerly SFAS No. 128 “Earnings Per Share”), the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At December 31, 2012 and December 31, 2011, the Company had no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.
	Foreign Currency Translation
	Mount Knowledge Holdings, Inc.’s functional currency is the U.S. dollar.
	While Language Key Asia Ltd. presents its consolidated financial results and accompanying notes in U.S. dollar terms, its functional currency for its operations in The People’s Republic of China (“PRC”) is the Chinese Renminbi, and its functional currency for its operations in Hong Kong is the Hong Kong dollar.
	Transactions in Renminbi and Hong Kong dollars are translated into U.S. dollars as follows:
	i) monetary items at the exchange rate prevailing at the balance sheet date;
	ii) non-monetary items at the historical exchange rate;
	iii) revenue and expense at the average rate in effect during the applicable accounting period.
	Translation adjustments resulting from this process are recorded in Stockholders’ Equity as a component of Accumulated Other Comprehensive Income (Loss). Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are recorded in the Statement of Operations.
	Investment in Unconsolidated Subsidiary
	The Company has investments in a certain subsidiary of which the Company does not have control and therefore does not require consolidation. The investment is accounted for under the equity method.
	Comprehensive Income
	The Company had adopted ASC220, Reporting Comprehensive Income, which establishes standards for reporting and displaying comprehensive income, its components, and accumulated balances in a full-set of general-purpose financial statements. The Company’s accumulated other comprehensive income represents the accumulated balance of foreign currency translation adjustments.
	Share-based Payments
	The Company accounts for share-based payments in accordance with the authoritative guidance issued by the FASB on stock compensation, which establishes the accounting for transactions in which an entity exchanges its equity instruments for goods or services. Under the provisions of the authoritative guidance, share-based compensation expense is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite employee service period (generally the vesting period). The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model. Additionally, share-based awards to non-employees are expensed over the period in which the related services are rendered at their fair value.
Revenue Recognition
The Company and its subsidiaries recognize revenues from training sales equally over the duration of training contracts. Revenues recognized for training courses that commence prior to an invoice being issued are classified on the Company’s balance sheet as unbilled revenues.
Related Parties
A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.
Derivative Liability
Pursuant to ASC 815, “Derivatives and Hedging”, on March 31, 2011 and at the end of subsequent quarterly periods, the Company recorded mark-to-market adjustments based on the fair value of the derivative liability on those dates, which resulted as a contribution of $2,852,455 and charge of $4,812,705 for 2012 and 2011, respectively, to operations. The fair value of the derivative liability was determined using the Black Scholes option pricing model, using the following data and assumptions:
	31-Mar-12	30-Jun-12	30-Sep-12	31-Dec-12
Quoted market price	$0.18	$0.12	$0.12	$0.05
Conversion price	$0.50	$0.50	$0.50	$0.50
Expected volatility	337%	347%	381%	436%
Expected dividends	$nil	$nil	$nil	$nil
Expected term	3 year	3 year	3 year	3 year
Risk-free interest rate	0.26%	0.19%	0.12%	0.11%
As of December 31, 2012, the number of common shares that could be potentially issued to settle the conversion of the preferred stock is 9,304,904 common shares.
The following table sets forth, by level, with the fair value hierarchy, the Company’s financial assets and liabilities, measured at fair value on December 31, 2012.
		Level 1			Level 2		Level 3		Total
Assets
None		$	-		$	-	$	-	$	-
Liabilities
Derivative Financial instruments – Convertible Preferred Stock			-		$	-	$	691,904	$	691,904
		$
Derivative Financial instruments - Warrants			-		$	-	$	1,902,164	$	1,902,164
		$
Balance at December 31, 2010		$	-
Derivative liability related to preferred stock conversion feature			483,570
Derivative liability related to warrants			76,305
Change of derivative liability related to previous issued warrants			4,439,696
Balance at December 31, 2011		$	4,999,571
Derivative liability related to preferred stock conversion feature			208,334
Derivative liability related to warrants issued			803,202
Change of derivative liability related to 2011 warrants issued			-3,417,039
Balance at December 31, 2012		$	2,594,068
The following table summarizes the derivative liabilities included in the balance sheets at December 31, 2012:
Recently Issued Accounting Pronouncements
-          Adopted
Effective January 2012, the Company adopted ASU No. 2011-05, “Presentation of Comprehensive Income (ASU 2011-05)”. ASU 2011-05 is intended to increase the prominence of items reported in other comprehensive income and to facilitate convergence of accounting guidance in this area with that of the IASB. The amendments require that all non-owner changes in shareholders’ equity be presented in a single continuous statement of comprehensive income or in two separate but consecutive statements. In December 2011, the FASB issued ASU No. 2011-12, “Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05 (ASU 2011-12).” ASU 2011-12 defers the provisions of ASU 2011-05 that require the presentation of reclassification adjustments on the face of both the statement of income and statement of other comprehensive income. Amendments under ASU 2011-05 that were not deferred under ASU 2011-12 will be applied retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this update did not have a material impact on the consolidated financial statements and related disclosures.
-          Not Adopted
In December 2011, the FASB issued ASU No. 2011-11: Balance Sheet (topic 210): Disclosures about Offsetting Assets and Liabilities, which requires new disclosure requirements mandating that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. This ASU is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities should provide the disclosures required retrospectively for all comparative periods presented. We are currently evaluating the impact of adopting ASU 2011-11 on the consolidated financial statements and related disclosures.
In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive (ASU 2013-02)”. This guidance is the culmination of the FASB’s deliberation on reporting reclassification adjustments from accumulated other comprehensive income (“AOCI”). The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income. However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the statement of operations or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. This standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012. The Company is evaluating the effect, if any, the adoption of ASU 2013-02 will have on its consolidated financial statements and related disclosures.
In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Top 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The objective of ASU No. 2013-11 is to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net loss carryforward, similar tax loss, or tax credit carryforward exists. The amendments in this standard is effective for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists for fiscal years, and interim periods beginning after December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-11 will have on our consolidated financial statements.
Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Note_2_Going_Concern

Note 2 - Going Concern	12 Months Ended
	Dec. 31, 2012
Notes
Note 2 - Going Concern	Note 2 - Going Concern
	The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As shown in the accompanying financial statements, the Company incurred net income of $2,724,096 for the year ended December 31, 2012. In addition, the Company had a working capital deficit of $3,368,044 and deficit of $9,335,887 as of December 31, 2012. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern.
	The ability of the Company to continue as a going concern is dependent upon its ability to obtain financing. Management has plans to seek additional capital through debt, and private and public offerings of its common stock. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue as a going concern.

Note_3_Investments_in_Unconsol

Note 3 - Investments in Unconsolidated Subsidiary	12 Months Ended
	Dec. 31, 2012
Notes
Note 3 - Investments in Unconsolidated Subsidiary	Note 3 - Investments in Unconsolidated Subsidiary
	On December 16, 2010, the Company acquired 49% of the ownership interest in Mount Knowledge Technologies Inc. (formerly known as 1827281 Ontario Inc.) formed on June 16, 2010 as a technology development company to oversee new technological advancements of the Company’s Intellectual Property acquired on December 29, 2010. Ucandu Learning Centres Inc (“Ucandu”), a company owned by Erwin Sniedzins, the Company’s chairman and director, owns the remaining 51% of Mount Knowledge Technologies Inc. The ownership structure of Mount Knowledge Technologies Inc. enables it to seek small business development incentive programs and other private and public research initiatives available in Canada. The investment in Mount Knowledge Technologies Inc. is recorded by the Company using the equity method of accounting.
	Subsequently, on December 28, 2010, the Company entered into a five-year Option Agreement with Ucandu to purchase the remaining 510,000 shares of common stock of MTK Tech (51%) for an exercise price of 100,000 shares of the Company’s common stock, at the Company’s discretion. As of April 15, 2011, the Company had not exercised the Option with Ucandu
	During the year ended December 31, 2011, the ownership interest in Mount Knowledge Technologies Inc. was disposed of, resulting in a loss of $490.

Note_4_Notes_Payable

Note 4 - Notes Payable	12 Months Ended
	Dec. 31, 2012
Notes
Note 4 - Notes Payable	Note 4 – Notes Payable
	(a) During the second half of the year ended December 31, 2011, the Company entered into one securities purchase agreement (the “Securities Purchase Agreement”) with one party, and seven separate joinder agreements adjoining each other party to the original Securities Purchase Agreement (collectively, referred to as the “Lenders”), pursuant to which the Company issued a total of eight separate promissory notes in principal amounts totaling $450,000. The notes mature one year from the closing date and accrue interest at a rate of 15% per annum on the unpaid and unconverted principal amount and such interest is payable on the maturity date. Amounts outstanding under the notes are convertible, in whole or in part, into shares of the Company’s common stock at the option of the holder thereof at any time and from time to time, at a conversion price of $0.15 per share.  Subject to certain exceptions, payments due under the notes rank senior to all other indebtedness of the Company and its subsidiaries.
	Under the terms of the purchase agreement, the holder of the notes is entitled to certain “piggy back” registration rights if at any time after the closing date the Company proposes to file a registration statement under the Securities Act of 1933, as amended (the “Securities Act”), with respect to an offering of its equity securities or securities or other obligations exercisable, exchangeable for, or convertible into its equity securities.
	Promissory Notes
	(a) January 11, 2012, the Company entered into a joinder agreement to the original Securities Purchase Agreement executed on September 14, 2011, pursuant to which the Company issued to Vukota Capital Management Inc., an Ontario, Canada company (the “Lender”), a promissory note in the principal amount of $100,000. The note matures one year from the closing date.
	Bridge Financing - Forbearance of Promissory Notes – Vukota Capital Management Inc.
	On November 30, 2012, Vukota Capital Management Inc., an Ontario, Canada company (the “Lender”) executed a Forbearance Agreement with the Company, in which the Lender agreed, that during the period commencing on the date of execution of the Agreement and ending on and including December 31, 2013 (the "Forbearance Period"), the Lender would not file suit or take any other action to foreclose on the collateral or file suit or take any other action to enforce its rights under the Securities Purchase Agreement dated as of September 14, 2012 (as amended, supplemented or otherwise modified from time to time, including Amendment No. 1 to Securities Purchase Agreement dated on or about November 8, 2011, collectively referred to as the "Securities Purchase Agreement"), and those certain promissory notes dated as of September 14, 2012, and on subsequent dates thereafter, (as amended, supplemented or otherwise modified from time to time, all of which were joined to the Securities Purchase Agreement with the effective date of September 14, 2012, by the execution of those certain Joinder Agreements to Securities Purchase Agreement, by each and every Lender, separately (as amended, supplemented or otherwise modified from time to time, the "Joinder Agreements,") and, together with that certain Stock Pledge Agreement dated as of September 14, 2012 (as amended, supplemented or otherwise modified from time to time) by which Birch First Advisors, LLC pledged as collateral 18,261,690 common stock shares to the note holders under the securities purchase agreement. This limited forbearance does not extend to any other default or events of default under any other provision of the transaction documents or any of the other rights and remedies available to the Lender under the transaction documents.
	Upon the earlier of (i) the occurrence of a forbearance default and (ii) the expiration of the Forbearance Period, the Lender’s agreement to forbear shall automatically be deemed terminated and Lender shall be entitled to immediately and without notice exercise all of its rights and remedies under the credit agreements and all transaction documents.
	(b) During 2010, the Company received loans totaling $869,354 from third parties. On December 31, 2010, these advances were converted to notes payable, which are unsecured, bear interest at 5% per annum beginning December 31, 2010 and mature in 2012. In March 2011, $719,354 of these advances was converted into 4,795,694 common shares of MTK USA with a total remaining balance of $150,000 in Notes Payable. As of December 31, 2011, the remaining notes payables balance in MTK USA was $150,000. On June 18, 2012, the remaining principal balance amounted to $150,000 and accrued interest amounted to $10,950 were extinguished by 4,237,640 common shares of MTK USA which was later exchanged by 4,237,640 common shares of MKHD and warrants pursuant to which the creditor can purchase 1,059,410 shares of MKHD common stock at an exercise price of $0.50.
	(c) On February 17, 2012, LKTR executed a Separation and Settlement Agreement with Foxglove International Enterprises Ltd., a BVI company, to settle a promissory note in the face value amount of $65,776, for the safe return and the release the language trademarks and acknowledgement of copyright of training content and transfer of ownership and right of use.

Note_5_Related_Party_Transacti

Note 5 - Related Party Transactions	12 Months Ended
	Dec. 31, 2012
Notes
Note 5 - Related Party Transactions	Note 5 - Related Party Transactions
	Related party transactions were in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.
	During the year ended December 31, 2012 and the year ended December 31, 2011, the related parties consisted of the following:
	(1) The Language Key China Ltd. Guangzhou (“LKGZ”), branch office of LKA’s China subsidiary;
	(2) Mr. Jeff Tennenbaum, former CFO of LKA;
	(3) Birch First Advisors, LLC, an affiliate and consultant to the Company;
	(4) Birch First Global Investments, Inc., an affiliate to the Company;
	(5) Practical Business Advisors, LLC, a company controlled by Daniel A. Carr, the Company’s former President, CEO, Treasurer, and Director;
	(6) The Language Key China Ltd. Shanghai.
	(7) The Language Key Asia Ltd.
	(8) The Language Key Publishing Ltd.
	Due from related parties consists of the following:
		31-Dec-12		31-Dec-11
	The Language Key China Ltd. Shanghai	$	-	$	67,619
	The Language Key Asia Ltd.		-		4,676
	The Language Key Publishing Ltd.		-		1,340
	The Language Key China Ltd. Guangzhou		-		11,816
	Birch First Advisors, LLC		2,100		-
			-		85,451
	Less: Due From Related Parties included in Assets Held For Sale		-		-85,451
	Total Due From Related Parties	$	2,100	$	-
	Due to related party consists of the following:
				31-Dec-12			31-Dec-11
	Practical Business Advisors, LLC			$		-	$	-
	Mr. Jeff Tennenbaum					-		6,526
	Birch First Global Investments, Inc.					-		176,900
						-		183,426
	Less: Due To Related Parties included in Liabilities Held For Sale
						-		-6,526
	Total Due To Related Parties			$		-	$	176,900
	Settlement of Outstanding Debt
	On December 28, 2012, as amended on September 30, 2013, the Company executed a Separation and Settlement Agreement with Birch First Global Investments Inc., a US Virgin Islands company, to settle loans made to the Company in a total amount of $60,900, in exchange for the transfer of ownership interest and all rights to the intellectual property referred to as “ECO Learning Platform” (English Communications Online), an online modular based course training software technology, including any and all computer program source code, trademarks, logos, documentation and other related materials.
	As at December 31, 2012 and December 31, 2011, the amounts owing to Birch First Global Investments, Inc.  totaled $nil and $176,900, respectively. This represented a payable for loans to the Company provided by an affiliate of the Company.

Note_6_Stockholders_Deficit

Note 6 - Stockholders' Deficit	12 Months Ended
	Dec. 31, 2012
Notes
Note 6 - Stockholders' Deficit	Note 6 – Stockholders’ Deficit
	Authorized Shares
	As of December 31, 2012 and December 31, 2011, the Company’s authorized shares consisted of the following:
	100,000,000 preferred shares with 50,000,000 designated as Series A convertible, par value $0.0001;
	200,000,000 common shares, par value $0.0001.
	Series A Convertible Preferred Stock
	By resolution of the Board of Directors, on February 4, 2011, the Company was granted a Certificate of Designation for Nevada Profit Corporations by the Nevada Secretary of State, whereby the Company established a series of the Company’s preferred  stock, consisting of 50,000,000 shares of its preferred stock,  par value $0.0001 per  share, designated as “Series A Convertible Preferred Stock”, having the voting rights, designations, preferences, limitations, restrictions, options, conversion rights and other special or relative rights set forth in the Certificate of Designation. Voting rights will be equal to those of common shares.
	On February 1, 2011, 8,888,888 shares of preferred stock were issued as partial consideration in the acquisition of Mount Knowledge USA, Inc. This Certificate of Designation provides for conversion rate adjustments, whereby if at any time following February 1, 2011, the Company sells or grants any option to purchase or otherwise disposes of or issues any common stock entitling any person to acquire shares of common stock at a price that is lower than $1 (“dilutive issuance”), then, in order to maintain anti-dilution, the Company will issue additional shares of convertible preferred stock (“make whole shares”) to the holders of outstanding shares of convertible preferred stock. Conversion rates are defined to be two shares of common stock per share of convertible preferred stock, with quarterly conversion dates, and the quarterly conversion period are to commence on February 1, 2013 and terminating on February 1, 2014.
	Also, after February 1, 2014, at the option of the holder of convertible preferred stock, the holder may elect to convert, on any conversion date, all or any portion of their respective shares into fully paid and non-assessable shares of common stock.
	Due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion option embedded in the convertible preferred stock, the conversion feature is classified as a derivative liability and recorded at fair value.
	Common Stock – Mount Knowledge Holdings Inc.
	Year ended December 31, 2012
	Share Subscriptions Received
	The Company issued shares of its common stock in the first quarter of 2013 for the following funds and share subscriptions received in 2012:
	(a) On October 4, 2012, the Company accepted a private offering of 100,000 shares of its common stock at a price of $0.02 per share with 1 purchaser, for total proceeds of $2,000.
	(b) On December 4, 2012, the Company accepted a private offering of a total of 5,000,000 shares of its common stock at a price of $0.02 per share with 1 purchaser, for total proceeds of $100,000.
	(c) On December 14, 2012, the Company accepted a private offering of a total of 1,000,000 shares of its common stock at a price of $0.02 per share with 1 purchaser, for total proceeds of $20,000.
	2012 Issuances of Common Stock
	(a) On July 5, 2012, the Company completed a private offering of 2,500,000 shares of its common stock at a price of $0.02 per share to a total of 3 purchasers, for total proceeds of $50,000.
	(b) On August 9, 2012, the Company completed a private offering of 2,500,000 shares of its common stock at a price of $0.02 per share to a total of 2 purchasers, for total proceeds of $50,000.
	(c) On June 20, 2012, the Company closed on its offer to purchase 24,978,806 shares of common stock, par value $0.0001 per share, of Mount Knowledge USA, Inc. from a total of 63 shareholders (collectively, referred to as the “MTK USA Shareholders”) of Mount Knowledge USA, Inc. (“MTK USA”), pursuant to the executed Securities Purchase Agreement, representing the 63 MTK Shareholders as a group, including separate Joinder Agreements, all individually executed with each participating MTK USA Shareholder, and collectively made a part thereof to the executed Securities Purchase Agreement.
	In exchange for the MTK Securities, the Company issued 24,978,806 shares of its common stock, par value $0.0001 per share, including, for every four shares of MTK USA securities sold to the Corporation, the MTK USA Shareholders were issued a warrant to purchase one share of the Corporation’s common stock at an exercise price of $0.50, in the aggregate amount of 6,244,702 shares of Company common stock, (together with the Company common shares and the Company warrant).
	(d) In addition, on June 20, 2012, the Company entered into two (2) separate Securities Purchase Agreements with Access Alternative Group S.A. (“Access”) and with Jensen International Inc. (“Jensen”), respectively, also shareholders of MTK USA, pursuant to which the Company acquired MTK USA common shares of MTK USA Common Stock, in the aggregate amount of 49,737,640 shares.
	In exchange for the MTK USA Securities, the Company issued 45,500,000 and 4,237,640 Company Common Shares of Company Common Stock to Access and Jensen, respectively, including, for every four shares of MTK USA Securities sold to the Corporation, Access and Jensen were issued a Company warrant to purchase one share of the Corporation’s common stock at an exercise price of $0.50, in the aggregate amount of 12,434,410 shares of Company common stock, together the Company Securities.
	As a result of the all the transactions contemplated by the agreements referenced hereinabove, the Company owns 100% of the outstanding shares of MTK USA Common Stock, from the prior ownership of approximately 53%. As of December 28, 2012, the Company sold 100% of the ownership interest in MTK USA to Sans Software Frontiere S.A. (“SSF”), in exchange to SSF assuming any and all assets and liabilities of the MTK USA on the date of disposition.
	Year ended December 31, 2011
	(a) On December 30, 2011, the Company entered into a separation and settlement agreement with four related parties who had previously entered into independent contractor agreements for services. The Company issued a total of 325,000 shares of restricted common stock to these parties as settlement of $204,000 owing for services. The related warrant purchase agreements for a total share of 3,600,000 that had been in effect were extinguished and cancelled.
	(b) On October 31, 2011, the Company issued a total of 62,500 shares of restricted common stock of the Company to four separate related parties for services rendered to the Company by Source Capital Group Inc. The fair value of the services received during this period was calculated as the market price ($0.06) at the date of grant and the date service is provided with a total value of $3,750.
	(c) On September 12, 2011, the Company issued a total of 4,400,000 shares of restricted common stock for services rendered by a contractor to the Company pursuant to the executed consulting agreement dated August 11, 2010. The fair market value of the services received during this period was calculated as the market price at the date of completion for a total value of $616,000 ($0.14 per share).
	(d) On September 12, 2011, the Company issued a total of 25,000 shares of restricted common stock for services rendered by a contractor to the Company pursuant to an executed consulting agreement. The fair value of the services received during this period was calculated as the market price at the date of grant and the date service is provided with a total value of $3,500.
	(e) On July 29, 2011, the Company issued a total of 750,000 shares of restricted common stock of the Company to three separate contractors of the Company, a total of 250,000 shares to Birch First Advisors, LLC, an entity controlled by an affiliate of the Company, a total of 250,000 share to Practical Business Advisors, LLC, an entity controlled by Daniel A. Carr, President, the former Chief Executive Officer and Director of the Company, and a total of 250,000 shares to Simon G. Arnison, the former Chief Technology Officer, Secretary and Director of the Company, pursuant to three separate independent contractors agreements entered into on July 31, 2011. The fair value of the services to be received by the Company during the aforementioned period pertaining to the share compensation was calculated at the market price of the Company’s publicly traded shares on the date of execution of each agreement, for a total value of $67,500, based on a per share market price of $0.09.
	(f) On June 30, 2011, the Company exchanged 4,795,694 shares of restricted common stock of the Company for 4,795,694 shares of restricted common stock of MTK USA held by Blue Fire Consulting Group Ltd., including a sixty month warrant for the purchase of 1,198,924 shares of restricted stock of the Company at $.50 per share pursuant to a Securities Purchase Agreement entered into on June 30, 2011.
	(g) On June 30, 2011, the Company exchanged 1,433,333 shares of restricted common stock of the Company for 1,433,333 shares of restricted common stock of MTK USA held by Uptick 20 S.A., including a sixty month warrant for the purchase of 358,333 shares of restricted stock of the Company at $.50 per share pursuant to a Securities Purchase Agreement entered into on June 30, 2011.
	(h) During the first quarter of 2011, the Company issued a total of 241,380 shares of restricted common stock for services rendered by a contractor to the Company pursuant to an executed consulting agreement. The fair value of the services received during this period was calculated as the market price at the date of grant and the date service is provided with a total value of $63,276.
	Common Stock – Mount Knowledge USA Inc.
	Year ended December 31, 2012
	On June 18, 2012, the remaining principal balance of notes payable amounted to $150,000 and accrued interest amounted to $10,950 were extinguished by 4,237,640 common shares of MTK USA which was later exchanged by 4,237,640 common shares of MKHD and warrants pursuant to which the creditor can purchase 1,059,410 shares of MKHD common stock at an exercise price of $0.50.
	Year ended December 31, 2011
	(a) On November 14, 2011, MTK USA issued the following shares of its common stock:
	(i) 12,500,000 shares to Access Alternative Group S.A as settlement of outstanding compensation for services rendered, recorded at fair value of $240,000;
	(ii) 11,137,640 shares to Access Alternative Group S.A. as settlement of a loan for $55,000; and
	(iii) 2,541,667 shares to seven separate contractors of MTK USA, of which 100,000 shares were issued to Birch First Advisors, LLC, an entity controlled by an affiliate of the Company, 100,000 shares were issued to Practical Business Advisors, LLC, an entity controlled by Daniel A. Carr, former President, Chief Executive Officer and Director of the Company, and the balance of 2,541,667 shares to non-related parties for contracted services to MTK USA. These shares were recorded at fair value of $31,771,
	(b) During the three months ended June 30, 2011, MTK USA issued the following shares of its common stock:
	(i) 1,069,999 shares at a value of $0.15 per share to four individual investors for cash proceeds of $160,500; and
	(ii) 300,000 shares, at a value of $0.15 per share to three independent contractors for services rendered totaling $45,000.
	(c) During the three months ended March 31, 2011, MTK USA issued the following shares of its common stock:
	(i)  2,611,667 shares, at a value of $0.15 per share to nine individual investors for cash proceeds of $391,750; and
	(ii) MTK USA converted $719,354 of note payable owed to Blue Fire Consulting Group into 4,795,694 common shares of MTK USA.
	All shares issued were recorded by the Company as an addition to non-controlling interest.
	Share Purchase Warrants
	Year ended December 31, 2012
	(i) Shareholders of MTK USA were issued a warrant to purchase one share of the Corporation’s common stock at an exercise price of $0.50, in the aggregate amount of 6,244,702 shares of Company common stock, (together with the Company common shares and the Company warrant).
	(ii) In exchange for MTK USA Securities, the Company issued 49,737,640 Company Common Shares of Company Common Stock to Access and Jensen, respectively, including, for every four shares of MTK USA Securities sold to the Corporation, Access and Jensen were issued a Company warrant to purchase one share of the Corporation’s common stock at an exercise price of $0.50, in the aggregate amount of 12,434,410 shares of Company common stock, together the Company Securities.
	Year ended December 31, 2011
	During 2011 the Company granted the following warrants to purchase common stock of the Company:
	(a) On July 29, 2011, the Company granted a cashless warrants for the total purchase of 3,600,000 shares of restricted stock of the Company with an exercise price of $0.20; a total of 1,200,000 shares to Birch First Advisors, LLC, a total of 1,200,000 shares to Practical Business Advisors, LLC, and 1,200,000 shares to Simon G. Arnison, respectively, pursuant to three separate warrant stock purchase agreements entered into on July 31, 2011. The terms of each warrant agreement is based on a vesting period of three years, with 400,000 shares exercisable each year provided that each respective contractor, separately, is still engaged with the Company. The shares granted in each warrant were subject to a vesting and distribution schedule on a pro-rata basis, in the event of early termination by either Contractor or Company. Subsequently, the warrants granted by the Company were cancelled (unvested) as of December 30, 2011, pursuant to terms and conditions of three (3) separation and settlement agreements between the Company and each of the parties represented herein above. No expenses related to these warrants were recorded for the year ended December 31, 2011.
	(b) On June 30, 2011, a total of 1,577,257 warrants with an exercise price of $0.50 per share were issued by the Company pursuant to 2 separately executed Securities Purchase Agreements entered into on June 30, 2011 (1,198,924 and 358,333 shares respectively).
	A summary of the common stock warrant activity for the year ended December 31, 2012 and for the year ended December 31, 2011 is as follows:
		Weighted Average Exercise Price
	Number
	Of
	Shares
		Balance at December 31, 2010	24,000,000	$	0.18
		Granted June 30, 2011	1,198,924		0.5
	Granted June 30, 2011	358,333		0.5
	Granted July 29, 2011	3,600,000		0.2
	Cancelled December 30, 2011	-3,600,000		-0.2
	Balance at December 31, 2011	25,557,257		0.19
	Granted June 20, 2012	6,244,702		0.5
	Granted June 20,2012	12,434,410		0.5
	Balance at December 31, 2012	44,236,369	$	0.32
The range of exercise prices and the weighted average remaining life of the warrants outstanding at December 31, 2012 were $0.18 to $0.50 and 0.97 years, respectively.

Note_7_Discontinued_Operations

Note 7 - Discontinued Operations	12 Months Ended
	Dec. 31, 2012
Notes
Note 7 - Discontinued Operations	Note 7 – Discontinued Operations
	a) Disposal of Hong Kong Holding Company and Its Subsidiaries
	On October 24, 2011, Mount Knowledge Asia sold Language Key Asia (“LKA”) and all of its subsidiaries (the “LK Subsidiaries”), except for The Language Key Training Ltd. (“LKTR”) to Software Sans Frontiere SA, a Belize corporation, for consideration of US $10 and assumption of all of the liabilities of the LK Subsidiaries. Their historical operating results were reported as part of “discontinued operations” for all periods presented in the accompanying consolidated statement of operations. The net loss on disposal of subsidiaries was $2,992, which was reported as part of “discontinued operations” for the year ended December 31, 2011.
	b) Sale of Subsidiary in Quarter 1, 2012 – Language Key Training Ltd.
	In February 2012, the Company sold Language Key Training Ltd., its Hong Kong subsidiary (“LKTR”) for a nominal cash consideration to Software Sans Frontiere SA, a Belize corporation, for consideration representing the assumption of all of the liabilities of LKTR. The trademark and associated course training materials were returned to the original seller whose obligation was settled by the payment of $15,000 prior to disposition. The net gain on disposal of subsidiaries was $174,736, which was reported as part of “discontinued operations” for the year ended December 31, 2012.
	The Company’s management made the decision to sell the LKTR due to ongoing losses and failed restructuring efforts as a result of the lack of available financing for Hong Kong and China based educational companies. At December 31, 2011, the assets and liabilities of LKTR were classified as “assets held for sale” and “liabilities for assumption” at the lower of their carrying value or fair value less cost to sell as they met criteria of held for sale. There had been no impairments related to LKTR.
	The carrying amounts of the major classes of assets and liabilities held for sale related to LKTR is as follows:
		31-Dec-12	31-Dec-11
	Cash and equivalents	$                  -	4,428
	Accounts and other receivables	-	2,426
	Unbilled revenue	-	12,757
	Corporate tax recoverable	-	10,273
	Due from related parties	-	85,451
	Property and equipment	-	13,113
	Other assets	-	13,635
	Total assets held for sale	$                  -	142,083
		31-Dec-12	31-Dec-11
	Accrued liabilities	$                -	33,307
	Other payables	-	240,692
	Due to related parties	-	6,526
	Total liabilities for assumption	$                -	280,525
	c) Sale of Subsidiaries - Mount Knowledge Asia Ltd. and Mount Knowledge USA Inc.
	On December 28, 2012, the Company sold Mount Knowledge Asia Ltd., (“MKA”), a Hong Kong corporation, and Mount Knowledge USA Inc., a Nevada corporation (“MTK USA”) to Software Sans Frontiere SA, a Belize corporation, for consideration of Hong Kong $10 and assumption of all of the liabilities of each subsidiary, respectively. At December 28, 2012, these companies had no liabilities. The Company’s management made the decision to sell MKA and MTK USA due to ongoing losses and failed restructuring efforts as a result of the lack of available financing for either of the companies.

Note_8_Contingent_Liabilities_

Note 8 - Contingent Liabilities and Contractual Obligations	12 Months Ended
	Dec. 31, 2012
Notes
Note 8 - Contingent Liabilities and Contractual Obligations	Note 8 – Contingent Liabilities and Contractual Obligations
	(a) Award of Claim
	On February 6, 2012, the Labour Tribunal of Hong Kong awarded Dirk Haddow (“Haddow”), a former director and officer of LKA, a judgment against LKA and LKTR in the sum of HKD $1,135,245, regarding a salary claim. This obligation is no longer considered a contingent liability of the Company, pursuant to the settlement of claims described below.
	(b) Marketing Affiliate Agreement
	On February 14, 2012, Mount Knowledge Asia Ltd. (“MKA”), a Hong Kong corporation and wholly owned subsidiary of the Company, entered into a Marketing Affiliate Agreement with Language Key Ltd., a Hong Kong corporation (“LKL”) non-related to the Company and/or any of its related companies, in which LKL agreed to market and sell licenses of an online software application referred to as ECO Learning (English Communications Online) developed and owned by the Company under certain terms and conditions.
	(c) Definitive Agreement to Purchase Forum Mobile-Israel Ltd. - Execution of Letter of Intent
	On November 13, 2012, the Board of Directors of the Company approved the execution of a non-binding Letter of Intent to purchase 100% of the ownership interest of Forum Mobile-Israel Ltd. (“FM”), from Forum Mobile Inc., a Delaware company publicly-traded on the US Over-the-Counter Stock Exchange (“FRMB”) in a share exchange merger transaction.
	As a condition of the Letter of Intent, both parties agreed to keep confidential certain terms and conditions of the pending transaction, contingent upon further negotiations and execution of a Definitive Agreement, to be executed on or before December 31, 2012, with a subsequent date of closing, to be mutually agreed to by both parties.

Note_9_Income_Taxes

Note 9 - Income Taxes	12 Months Ended
	Dec. 31, 2012
Notes
Note 9 - Income Taxes	Note 9 – Income Taxes
	United States
	The Company incorporated in United States, and is subject to tax on income or capital gain under the current laws of the United States.
	Taxation in the income statement represents the provision for US profits tax for the period. US profits tax is calculated at 34% of the estimated assessable profit for the tax period.
	Prior to the acquisitions of MKT USA and Language Key Asia Ltd, the Company had minimal operations and generated no revenue. Consequently, the Company incurred net operating losses through December 31, 2012 and 2011.
	Hong Kong
	The Company’s subsidiary, LKA is incorporated in Hong Kong, and is subject to tax on income or capital gain under the current laws of the Hong Kong. LKA's subsidiaries are subject to income tax as described below.
	Taxation in the income statement represents the provision for Hong Kong profits tax for the period. Hong Kong profits tax is calculated at 16.5% of the estimated assessable profit for the period.
	The charge for current income tax is based on the results for the period as adjusted for items that are non-assessable or disallowed. Income tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
	Deferred tax is provided, using the liability method, on all temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts in the financial statements. However, if the deferred tax arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither the accounting profit nor taxable profit or loss, it is not accounted for.
	The deferred tax liabilities and assets are measured at the tax rates that are expected to apply to the period when the asset is recovered or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the end of the reporting period. Deferred tax assets are recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences, tax losses and credits can be utilized.
	The People's Republic of China (PRC)
	Beginning January 1, 2008, the new Enterprise Income Tax (“EIT”) law has replaced the old laws for Domestic Enterprises (“DES”) and Foreign Invested Enterprises (“FIEs”). The new standard EIT rate of 25% replaces the 33% rate applicable to both DES and FIEs.
	The new EIT Law also imposes a withholding income tax of 10% on dividends distributed by a foreign invested enterprise to its immediate holding company outside of China, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within China or if the received dividends have no connection with the establishment or place of such immediate holding company within China, unless such immediate holding company ’ s jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. Such withholding income tax was exempted under the previous income tax regulations.
	LKA ’ s subsidiary, The Language Key China Ltd., as an enterprise established in Shanghai, PRC, was entitled to a preferential enterprise tax rate of 18% prevailing in Pudong Economic Zone for all years before 2008, and the following preferential rates started on January 1, 2008:
	*
	Year	Tax Rate
	2008	18%
	2009	20%
	2010	22%
	2011	24%
	2012	25%
	2013 and thereafter	25%
	The income tax expense in the consolidated statements of operations consisted of:
				Year ended	Year ended
				December	December
				31, 2012	31, 2011
		Hong Kong Enterprise Income Tax	$	-	-
		PRC Enterprise Income Tax		-	-
		Income taxes, net	$	-	-
	A reconciliation between the income tax computed at the U.S. statutory rate and the Company's provision for income tax in Hong Kong is as follows:
				Year			Year
				Ended			Ended
				31-Dec			31-Dec
				2012			2011
		U.S Federal income tax statutory rate		34.00%			34.00%
		U.S Federal income tax statutory rate		-34.00%			-34.00%
		Hong Kong Statutory rate		0.00%			16.50%
		Loss not subject to income tax		0.00%			-16.50%
		Effective tax rate		0.00%			0.00%
	A reconciliation between the income tax computed at the U.S. statutory rate and the Company's provision for income tax in the PRC is as follows:
			Year ended December 31, 2012	Year ended December 31, 2011
	U.S. statutory rate		34.00%	34.00%
	Foreign income not recognized in the U.S.		-34.00%	-34.00%
	PRC preferential enterprise income tax rate		0.00%	25.00%
	Tax holiday and relief granted to the Subsidiary		0.00%	-1.00%
	Loss not subject to income tax		0.00%	-24.00%
	Other		0.00%	0.00%
	Effective tax rate		0.00%	0.00%
	Significant components of the Company’s deferred income tax assets are as follows:
				31-Dec-12			31-Dec-11
		Deferred tax assets	$	1,750,130		$	1,501,282
		Valuation allowance		-1,750,130			-1,501,282
		Net deferred tax assets	$	0		$	0
	Accounting for Uncertainty in Income Taxes
	The Company adopted the provisions of Accounting for Uncertainty in Income Taxes on January 1, 2007. The provisions clarify the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with the standard “Accounting for Income Taxes,” and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The provisions of Accounting for Uncertainty in Income Taxes also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	The Company may from time to time be assessed interest or penalties by major tax jurisdictions. In the event it receives an assessment for interest and/or penalties, it will be classified in the financial statements as tax expense.
	Based on the Company’s evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.

Note_10_Concentration

Note 10- Concentration	12 Months Ended
	Dec. 31, 2012
Notes
Note 10- Concentration	Note 10- Concentration
	Major Customers
	The Company had no major customers during the years ended December 31, 2012 and 2011.

Note_11_Operation_Risks

Note 11- Operation Risks	12 Months Ended
	Dec. 31, 2012
Notes
Note 11- Operation Risks	Note 11- Operation Risks
	Lack of Insurance
	The Company could be exposed to liabilities or other claims for which the Company would have no insurance protection. The Company does not currently maintain any business interruption insurance, products liability insurance, or any other comprehensive insurance policy except for property insurance policies with limited coverage. As a result, the Company may incur uninsured liabilities and losses as a result of the conduct of its business. There can be no guarantee that the Company will be able to obtain additional insurance coverage in the future, and even if it can obtain additional coverage, the Company may not carry sufficient insurance coverage to satisfy potential claims. Should uninsured losses occur, any purchasers of the Company's common stock could lose their entire investment.
	Country Risk
	The Company has significant operating risk in the PRC. The operating results of the Company may be adversely affected by changes in the political and social conditions in the PRC and by changes in Chinese government policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The Company can give no assurance that those changes in political and other conditions will not result in have a material adverse effect upon the Company’s business and financial condition.
	Exchange Risk
	The Company cannot guarantee the relative Renminbi, Hong Kong dollar, and U.S. dollar exchange rates will remain steady, therefore the Company could post the same profit for two comparable periods and post higher or lower profit depending on the relative movements in the price of these currencies. The exchange rate could fluctuate depending on changes in the political and economic environments without notice.
	Credit Risk
	Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. A significant portion of the Company's cash balances are on deposit at financial institutions in the PRC, the currency of which is not free trading. Foreign exchange transactions are required to be conducted through institutions authorized by the Chinese government and there is no guarantee that Chinese currency can be converted to U.S. or other currencies.

Note_12_Subsequent_Events

Note 12 - Subsequent Events	12 Months Ended
	Dec. 31, 2012
Notes
Note 12 - Subsequent Events	Note 12 – Subsequent Events
	(a) Settlement of Employment Claim of Key Executive of Subsidiary
	On January 15, 2013, the Company, Mount Knowledge Asia, Ltd., and Haddow executed a Mutual Indemnification and Release Agreement in which all parties agreed to resolve all claims either Party may have against the other under, including but not limited to, any promises or commitments, verbal or written during the business dealing with each other prior to the date of this Agreement, and otherwise resolve their disputes on an amicable basis. The Release Agreement included the release of any and all contingent liabilities, whether acknowledged or denied, relating to: (a) the Company’s corporate guarantee of Haddow’s USD$50,000.00 short-term note payable to Language Key Asia Ltd.’s China subsidiary, and/or (b) Haddow’s salary claim judgment against LKA and LKTR in the sum of HK$1,135,245.43.
	(b) Definitive Agreement to Purchase Forum Mobile-Israel Ltd.
	On March 19, 2013, the Company entered into a Definitive Agreement with Forum Mobile Inc., a Delaware company publicly-traded on the US Over-the-Counter Stock Exchange (“FRMB”), pursuant to which the Company has agreed to purchase, from FRMB, 100% of the ownership interest in FM, in the form of a share exchange, in consideration for the issuance of common and preferred shares of the Company to FRMB, upon which FM will become a wholly owned subsidiary of the Company at closing.
	The primary terms and conditions of the Agreement are as follows:
	At closing,
	(i) FRMB will assign, transfer, convey and deliver the all of the outstanding shares of FM (the “FM Shares”) to an escrow agent, and
	(ii) in consideration and exchange therefore the Company shall issue and deliver to FRMB, a number of shares of:
	(A) common stock, par value $0.0001 per share of the Company, equal to 4 shares of common stock of the Company, for 1 fully diluted share of common stock of the Company held by the existing stockholders of the Company immediately prior to the closing, and
	(B) Series A preferred stock, par value $0.0001 per share of the Company, equal to 4 shares of preferred stock of the Company, for every 1 fully diluted share of preferred stock held by the existing stockholders of the Company immediately prior to the closing, in such amounts to be determined at closing.
	Upon closing, FRMB will become the majority owner of the Company.
	The Agreement sets forth certain closing conditions, including, but not limited to: (a) interim financing, and (b) a certain number of shares of the Company held by the Company controlling shareholder, placed into escrow, subject to certain subsequent financings, and other provisions which will be determined prior to and disclosed upon a closing. There can be no guarantee that these conditions will be met and that the transaction described above will close.
	(c) 2013 Cash Sales of Unregistered Securities – Common Stock
	On March 1, 2013, the Company completed a private offering of 1,000,000 shares of its common stock at a price of $0.02 per share to 1 purchaser, for total proceeds of $20,000.
	(d) Stock Issuance for Contracted Services
	On March 15, 2013, the Company issued a total of 62,500 shares of restricted common stock of the Company to four (4) separate related parties for services rendered to the Company by Source Capital Group Inc., and 1,750,000 shares to one contractor for services rendered to the Company, respectively. The fair value of the services received during this period was calculated as the market price ($0.18) at the date of grant and the date service is provided with a total value of $326,250.
	Separately, the Company issued a total of 150,000 shares of restricted common stock of the Company to an officer and director of the Company for services rendered. The fair value of the services received during this period was calculated as the market price ($0.18) at the date of grant and the date service is provided with a total value of $27,000.
	(e) Vendor Settlements
	On March 15, 2013, the Company issued a total of 238,654 shares of its common stock at a price of $0.15 per share to a total of three (3) vendors, in exchange for the settlement of a total of $35,795 of outstanding Company obligations.
	(f) Bridge Financing - Promissory Notes
	On May 30, 2013, the Company entered into a joinder agreement to the original Securities Purchase Agreement executed on September 14, 2011, pursuant to which the Company had issued to the Dalen Family Trust, a Canadian Trust, a promissory note in the principal amount of $40,000. The note matures one year from the Closing Date and is adjoined to the Forbearance Agreement dated November 30, 2012, extending the due date of the notes to December 31, 2013.
	(g) 2013 Sales of Unregistered Securities – Preferred Stock
	On June 18, 2013, the Company executed a Stock Purchase Agreement with an investor for the sale of 100,000 shares of the Company's Series A preferred stock at a price of $0.20 per share, with rights and preferences as set forth in the Certificate of Designation, Preferences and Rights of Series A Preferred Stock of the Company dated on or above February 3, 2011, filed with the State of Nevada, including, but not limited to, the right to convert held preferred shares into common stock of the Company at a ratio of one-to-two, for total proceeds of $20,000.
	The number of shares of preferred stock of the Company issued to the investor pursuant to this Agreement is subject to adjustments from time to time as set forth in the Stock Purchase Agreement. Notwithstanding anything to the contrary in the Stock Purchase Agreement, if the shares of preferred stock held by the investor are converted into shares of common stock of the Company, at the option of the Investor and/or as a result of the closing of a pending transaction with Forum Mobile Inc., then the Company agrees to further adjust the total number of shares of common stock of the Company issuable to Investor in a manner which will represent a total of 1% of the post-merged entity in the proposed Forum transaction.

Note_1_Business_Basis_of_Prese1

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Organization (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Organization	Organization
	Mount Knowledge Holdings, Inc. (“MKHD”, or the “Company”, or “Successor Company”) was incorporated as Auror Capital Corp. under the laws of the State of Nevada on March 16, 2006. On January 25, 2010, the Company filed an amendment and restatement to the Articles of Incorporation of the Company with the State of Nevada, which were approved by the Board of Directors on October 20, 2009 by written consent in lieu of a special meeting in accordance with the Nevada corporation law, changing its name to Mount Knowledge Holdings, Inc. and increasing the number of authorized common and preferred shares.
	On October 24, 2011, MKA sold 100% ownership interest of Language Key Asia Ltd., Hong Kong (“LKA”) and all of its subsidiaries, except for LKTR. Prior to the sale on October 24, 2011, the corporate structure of LKA consisted of the following:
	(a) 100% ownership interest of Mount Knowledge Asia Ltd., Hong Kong (“MKA”);
	(i) 100% ownership interest of LKA;
	(1)     100% ownership interest of Language Key Corporate Training Solutions Ltd., Hong Kong (“LKCTS”);
	(a)           100% ownership interest of LKTR; and
	(b)           100% ownership interest of Language Key China Ltd., China WOFE (“LKCH”)
	(2)     100% ownership interest of LKPUB.
	(b) 66.47% ownership interest of MTK USA
	(c) 49.00% ownership interest of MTK TECH
	On December 30, 2011, the Company disposed its 49.00% ownership interest in Mount Knowledge Technologies Inc., a Canadian corporation (“MTK TECH”), pursuant to a Separation and Settlement Agreement dated December 30, 2011 between the Company and Ucandu Learning Centres Inc. and Mr. Erwin Sniedzins, the Company’s former Chairman.
	At December 31, 2011, the corporate structure of the Company, after the sale and disposition of certain operating subsidiaries during the fourth quarter of fiscal year 2011, consisted of the following:
	(a) 100% ownership interest of Mount Knowledge Asia Ltd., Hong Kong (“MKA”); and its 100% ownership interest of The Language Key Training Ltd., Hong Kong (“LKTR”).
	(b) 60.62% ownership interest of MTK USA.
	In February 2012, the Company sold Language Key Training Ltd., its Hong Kong subsidiary (“LKTR”) for a nominal cash consideration to Software Sans Frontiere SA, a Belize corporation, for consideration representing the assumption of all of the liabilities of LKTR. The trademark and associated course training materials were returned to the original seller whose obligation was settled by the payment of $15,000 prior to disposition.
	On February 24, 2012, MKA sold 100% ownership interest of LKTR. After the LKTR sale, the corporate structure of the Company consisted of the following:
	(a) 100% ownership interest of MKA;
	(b) 66.47% ownership interest of MTK USA
	Beginning April 1, 2012, the Company became classified as a development stage company.
	On December 28, 2012, the Company sold its remaining subsidiary companies, comprising MKA and MTK USA
	At December 31, 2012, the corporate structure of the Company consisted of only its own corporate accounts, with no ownership in any subsidiary companies.

Note_1_Business_Basis_of_Prese2

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Basis of Presentation	Basis of Presentation
	The accompanying financial statements have been prepared in accordance with U.S, generally accepted accounting principles (“US GAAP”). The Company’s functional currency is US dollar. The LK Group’s functional currencies are the Chinese Renminbi (“RMB¥”) and Hong Kong dollar (“HKD$”); however the accompanying financial statements have been translated and presented in United States Dollars (“USD$”).

Note_1_Business_Basis_of_Prese3

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Consolidation (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Consolidation	Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, all of which had been disposed of by December 28, 2012. Intercompany balances and transactions have been eliminated in preparing the accompanying financial statements.

Note_1_Business_Basis_of_Prese4

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Development Stage Activities (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Development Stage Activities	Development Stage Activities
	The Company complies with Financial Accounting Standards Codification (“ASC’) 915 and Securities and Exchange Commission Act Guide 7 for its characterization of the company as a development stage enterprise.

Note_1_Business_Basis_of_Prese5

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Use of Estimates	Use of Estimates
	In preparing these financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Note_1_Business_Basis_of_Prese6

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Assets Held For Sale (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Assets Held For Sale	Assets Held for Sale
	The Company considers assets to be assets held for sale when all of the following criteria are met:
	management commits to a plan to sell the assets;
	it is unlikely that the disposal plan will be significantly modified or discontinued;
	the assets are available for immediate sale in their present condition;
	actions required to complete the sale of the property have been initiated;
	sale of the property is probable and the completed sale is expected to occur within one year; and
	the assets are actively being marketed for sale at a price that is reasonable given its current market value.
	Upon designation as an asset held for sale, the Company records the carrying value of each disposal group at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and we cease depreciation.

Note_1_Business_Basis_of_Prese7

Note 1 - Business, Basis of Presentation and 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
	The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures" for financial assets and liabilities. FASB ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements.  FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date.  FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:
	-          Level 1:  Quoted prices in active markets for identical assets or liabilities.
	-          Level 2:  Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
	-          Level 3:  Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	All of the Company’s financial instruments are recorded at fair value due to their term of maturity.

Note_1_Business_Basis_of_Prese8

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Financial Instruments and Concentration of Risk (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Financial Instruments and Concentration of Risk	Financial Instruments and Concentration of Risk
	The fair value of financial instruments, which consist of cash, accounts payable and accrued liabilities and loans payable, were estimated to approximate their carrying values due to the immediate or relatively short maturity of these instruments. Unless otherwise noted, it is management’s opinion that this Company is not exposed to significant interest or credit risks arising from these financial instruments.

Note_1_Business_Basis_of_Prese9

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Basic and Diluted Loss Per Share	Basic and Diluted Loss per Share
	In accordance with the Accounting Standards Codification (ASC) subtopic 260-10 (formerly SFAS No. 128 “Earnings Per Share”), the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At December 31, 2012 and December 31, 2011, the Company had no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.

Recovered_Sheet1

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Foreign Currency Translation (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Foreign Currency Translation	Foreign Currency Translation
	Mount Knowledge Holdings, Inc.’s functional currency is the U.S. dollar.
	While Language Key Asia Ltd. presents its consolidated financial results and accompanying notes in U.S. dollar terms, its functional currency for its operations in The People’s Republic of China (“PRC”) is the Chinese Renminbi, and its functional currency for its operations in Hong Kong is the Hong Kong dollar.
	Transactions in Renminbi and Hong Kong dollars are translated into U.S. dollars as follows:
	i) monetary items at the exchange rate prevailing at the balance sheet date;
	ii) non-monetary items at the historical exchange rate;
	iii) revenue and expense at the average rate in effect during the applicable accounting period.
	Translation adjustments resulting from this process are recorded in Stockholders’ Equity as a component of Accumulated Other Comprehensive Income (Loss). Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are recorded in the Statement of Operations.

Recovered_Sheet2

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Investment in Unconsolidated Subsidiary (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Investment in Unconsolidated Subsidiary	Investment in Unconsolidated Subsidiary
	The Company has investments in a certain subsidiary of which the Company does not have control and therefore does not require consolidation. The investment is accounted for under the equity method.

Recovered_Sheet3

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Comprehensive Income (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Comprehensive Income	Comprehensive Income
	The Company had adopted ASC220, Reporting Comprehensive Income, which establishes standards for reporting and displaying comprehensive income, its components, and accumulated balances in a full-set of general-purpose financial statements. The Company’s accumulated other comprehensive income represents the accumulated balance of foreign currency translation adjustments.

Recovered_Sheet4

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Share-based Payments (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Share-based Payments	Share-based Payments
	The Company accounts for share-based payments in accordance with the authoritative guidance issued by the FASB on stock compensation, which establishes the accounting for transactions in which an entity exchanges its equity instruments for goods or services. Under the provisions of the authoritative guidance, share-based compensation expense is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite employee service period (generally the vesting period). The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model. Additionally, share-based awards to non-employees are expensed over the period in which the related services are rendered at their fair value.

Recovered_Sheet5

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Revenue Recognition	Revenue Recognition
	The Company and its subsidiaries recognize revenues from training sales equally over the duration of training contracts. Revenues recognized for training courses that commence prior to an invoice being issued are classified on the Company’s balance sheet as unbilled revenues.

Recovered_Sheet6

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Related Parties (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Related Parties	Related Parties
	A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

Recovered_Sheet7

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Derivative Liability (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Derivative Liability	Derivative Liability
	Pursuant to ASC 815, “Derivatives and Hedging”, on March 31, 2011 and at the end of subsequent quarterly periods, the Company recorded mark-to-market adjustments based on the fair value of the derivative liability on those dates, which resulted as a contribution of $2,852,455 and charge of $4,812,705 for 2012 and 2011, respectively, to operations. The fair value of the derivative liability was determined using the Black Scholes option pricing model, using the following data and assumptions:
		31-Mar-12	30-Jun-12	30-Sep-12	31-Dec-12
	Quoted market price	$0.18	$0.12	$0.12	$0.05
	Conversion price	$0.50	$0.50	$0.50	$0.50
	Expected volatility	337%	347%	381%	436%
	Expected dividends	$nil	$nil	$nil	$nil
	Expected term	3 year	3 year	3 year	3 year
	Risk-free interest rate	0.26%	0.19%	0.12%	0.11%
	As of December 31, 2012, the number of common shares that could be potentially issued to settle the conversion of the preferred stock is 9,304,904 common shares.
	The following table sets forth, by level, with the fair value hierarchy, the Company’s financial assets and liabilities, measured at fair value on December 31, 2012.
			Level 1			Level 2		Level 3		Total
	Assets
	None		$	-		$	-	$	-	$	-
	Liabilities
	Derivative Financial instruments – Convertible Preferred Stock			-		$	-	$	691,904	$	691,904
			$
	Derivative Financial instruments - Warrants			-		$	-	$	1,902,164	$	1,902,164
			$
	Balance at December 31, 2010		$	-
	Derivative liability related to preferred stock conversion feature			483,570
	Derivative liability related to warrants			76,305
	Change of derivative liability related to previous issued warrants			4,439,696
	Balance at December 31, 2011		$	4,999,571
	Derivative liability related to preferred stock conversion feature			208,334
	Derivative liability related to warrants issued			803,202
	Change of derivative liability related to 2011 warrants issued			-3,417,039
	Balance at December 31, 2012		$	2,594,068
	The following table summarizes the derivative liabilities included in the balance sheets at December 31, 2012:

Recovered_Sheet8

Note 1 - Business, Basis of Presentation and Significant Accounting Policies: Recently Issued Accounting Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2012
Policies
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	-          Adopted
	Effective January 2012, the Company adopted ASU No. 2011-05, “Presentation of Comprehensive Income (ASU 2011-05)”. ASU 2011-05 is intended to increase the prominence of items reported in other comprehensive income and to facilitate convergence of accounting guidance in this area with that of the IASB. The amendments require that all non-owner changes in shareholders’ equity be presented in a single continuous statement of comprehensive income or in two separate but consecutive statements. In December 2011, the FASB issued ASU No. 2011-12, “Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05 (ASU 2011-12).” ASU 2011-12 defers the provisions of ASU 2011-05 that require the presentation of reclassification adjustments on the face of both the statement of income and statement of other comprehensive income. Amendments under ASU 2011-05 that were not deferred under ASU 2011-12 will be applied retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this update did not have a material impact on the consolidated financial statements and related disclosures.
	-          Not Adopted
	In December 2011, the FASB issued ASU No. 2011-11: Balance Sheet (topic 210): Disclosures about Offsetting Assets and Liabilities, which requires new disclosure requirements mandating that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. This ASU is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities should provide the disclosures required retrospectively for all comparative periods presented. We are currently evaluating the impact of adopting ASU 2011-11 on the consolidated financial statements and related disclosures.
	In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive (ASU 2013-02)”. This guidance is the culmination of the FASB’s deliberation on reporting reclassification adjustments from accumulated other comprehensive income (“AOCI”). The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income. However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the statement of operations or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. This standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012. The Company is evaluating the effect, if any, the adoption of ASU 2013-02 will have on its consolidated financial statements and related disclosures.
	In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Top 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The objective of ASU No. 2013-11 is to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net loss carryforward, similar tax loss, or tax credit carryforward exists. The amendments in this standard is effective for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists for fiscal years, and interim periods beginning after December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-11 will have on our consolidated financial statements.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Note_5_Related_Party_Transacti1

Note 5 - Related Party Transactions: Due From Related Parties Consists of The Following (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Due From Related Parties Consists of The Following:	Due from related parties consists of the following:
		31-Dec-12		31-Dec-11
	The Language Key China Ltd. Shanghai	$	-	$	67,619
	The Language Key Asia Ltd.		-		4,676
	The Language Key Publishing Ltd.		-		1,340
	The Language Key China Ltd. Guangzhou		-		11,816
	Birch First Advisors, LLC		2,100		-
			-		85,451
	Less: Due From Related Parties included in Assets Held For Sale		-		-85,451
	Total Due From Related Parties	$	2,100	$	-

Note_5_Related_Party_Transacti2

Note 5 - Related Party Transactions: Due To Related Party Consists of The Following (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Due To Related Party Consists of The Following:	Due to related party consists of the following:
		31-Dec-12		31-Dec-11
	Practical Business Advisors, LLC	$	-	$	-
	Mr. Jeff Tennenbaum		-		6,526
	Birch First Global Investments, Inc.		-		176,900
			-		183,426
	Less: Due To Related Parties included in Liabilities Held For Sale
			-		-6,526
	Total Due To Related Parties	$	-	$	176,900

Note_6_Stockholders_Deficit_Sc

Note 6 - Stockholders' Deficit: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights
		Weighted Average Exercise Price
	Number
	Of
	Shares
		Balance at December 31, 2010	24,000,000	$	0.18
		Granted June 30, 2011	1,198,924		0.5
		Granted June 30, 2011	358,333		0.5
		Granted July 29, 2011	3,600,000		0.2
		Cancelled December 30, 2011	-3,600,000		-0.2
		Balance at December 31, 2011	25,557,257		0.19
		Granted June 20, 2012	6,244,702		0.5
		Granted June 20,2012	12,434,410		0.5
		Balance at December 31, 2012	44,236,369	$	0.32

Note_7_Discontinued_Operations1

Note 7 - Discontinued Operations: Schedule of Other Assets and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Schedule of Other Assets and Other Liabilities
		31-Dec-12	31-Dec-11
	Cash and equivalents	$                  -	4,428
	Accounts and other receivables	-	2,426
	Unbilled revenue	-	12,757
	Corporate tax recoverable	-	10,273
	Due from related parties	-	85,451
	Property and equipment	-	13,113
	Other assets	-	13,635
	Total assets held for sale	$                  -	142,083

Note_7_Discontinued_Operations2

Note 7 - Discontinued Operations: Schedule of Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Schedule of Accrued Liabilities
		31-Dec-12	31-Dec-11
	Accrued liabilities	$                -	33,307
	Other payables	-	240,692
	Due to related parties	-	6,526
	Total liabilities for assumption	$                -	280,525

Note_9_Income_Taxes_Preferenti

Note 9 - Income Taxes: Preferential Rates (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Preferential Rates
	*
	Year	Tax Rate
	2008	18%
	2009	20%
	2010	22%
	2011	24%
	2012	25%
	2013 and thereafter	25%

Note_9_Income_Taxes_Income_tax

Note 9 - Income Taxes: Income tax expense (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Income tax expense
				Year ended	Year ended
				December	December
				31, 2012	31, 2011
		Hong Kong Enterprise Income Tax	$	-	-
		PRC Enterprise Income Tax		-	-
		Income taxes, net	$	-	-

Note_9_Income_Taxes_Reconcilia

Note 9 - Income Taxes: Reconciliation of Income Tax (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Reconciliation of Income Tax
			Year	Year
			Ended	Ended
			31-Dec	31-Dec
			2012	2011
		U.S Federal income tax statutory rate	34.00%	34.00%
		U.S Federal income tax statutory rate	-34.00%	-34.00%
		Hong Kong Statutory rate	0.00%	16.50%
		Loss not subject to income tax	0.00%	-16.50%
		Effective tax rate	0.00%	0.00%

Note_9_Income_Taxes_Schedule_o

Note 9 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation
		Year ended December 31, 2012	Year ended December 31, 2011
	U.S. statutory rate	34.00%	34.00%
	Foreign income not recognized in the U.S.	-34.00%	-34.00%
	PRC preferential enterprise income tax rate	0.00%	25.00%
	Tax holiday and relief granted to the Subsidiary	0.00%	-1.00%
	Loss not subject to income tax	0.00%	-24.00%
	Other	0.00%	0.00%
	Effective tax rate	0.00%	0.00%

Note_9_Income_Taxes_Schedule_o1

Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2012
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities
				31-Dec-12		31-Dec-11
		Deferred tax assets	$	1,750,130	$	1,501,282
		Valuation allowance		-1,750,130		-1,501,282
		Net deferred tax assets	$	0	$	0

Note_4_Notes_Payable_Details

Note 4 - Notes Payable (Details) (USD $)	6 Months Ended
	Dec. 31, 2011	Jan. 11, 2012	Dec. 31, 2011	Mar. 31, 2011	Dec. 31, 2010	Feb. 27, 2012
	Lenders	Vukota Capital Management Inc.	Third Party	Third Party	Third Party	Foxglove International
Notes Issued	$450,000
Note Interest Rate	15.00%
Conversion Price Per Share	$0.15
Notes Issued		100,000				65,776
Notes Payable, Current					$869,354
Note Interest					5.00%
Conversion of Stock, Shares Converted				4,795,694
Shares Extinguished			4,237,640

Note_5_Related_Party_Transacti3

Note 5 - Related Party Transactions: Due From Related Parties Consists of The Following (Details) (USD $)	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2012
		The Language Key China Ltd. Shanghai	The Language Key Asia Ltd.	The Language Key Publishing Ltd.	The Language Key China Ltd. Guangzhou	Birch First Advisors, LLC
Due from Related Parties		$67,619	$4,676	$1,340	$11,816	$2,100
Assets Held-for-sale, at Carrying Value	($85,451)

Note_5_Related_Party_Transacti4

Note 5 - Related Party Transactions: Due To Related Party Consists of The Following (Details) (USD $)	Dec. 31, 2011
Jeff Tennenbaum
Due to Related Parties	$6,526
Birch First Global Investments, Inc.
Due to Related Parties	176,900
Liabilities Held For Sale
Due to Related Parties	($6,526)

Note_6_Stockholders_Deficit_De

Note 6 - Stockholders' Deficit (Details) (USD $)	12 Months Ended						3 Months Ended																12 Months Ended				3 Months Ended				12 Months Ended
	Dec. 31, 2011	Jun. 18, 2013	Mar. 15, 2013	Mar. 01, 2013	Dec. 31, 2012	Jun. 30, 2011	Mar. 31, 2011	Dec. 14, 2012	Dec. 04, 2012	Oct. 04, 2012	Aug. 09, 2012	Jul. 05, 2012	Jun. 20, 2012	Dec. 30, 2011	Oct. 31, 2011	Sep. 13, 2011	Sep. 12, 2011	Jul. 29, 2011	Jun. 30, 2011	Jun. 29, 2011	Jun. 20, 2012	Jul. 29, 2011	Dec. 31, 2011	Jun. 18, 2012	Nov. 14, 2011	Nov. 14, 2011	Jun. 30, 2011	Mar. 31, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2011	Jul. 29, 2011	Jul. 29, 2011	Jul. 29, 2011
							Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	Mount Knowledge Holdings Inc.	MTK USA Shareholders	MTK USA Shareholders	Mount Knowledge USA Inc.	Mount Knowledge USA Inc.	Access Alternative Group SA	Contractors	Individual Investors	Individual Investors	Independent Contractors	Blue Fire Consulting Group	Access and Jensen	Birch First Advisors	Practical Business Advisors	Simon G. Arnison
Preferred Units, Authorized		100,000			100,000,000
Redeemable Convertible Preferred Stock, Shares Authorized					50,000,000
Common Stock, Shares Authorized					200,000,000
Preferred Stock, Par or Stated Value Per Share		$0.20			$0.00
Common stock to be issued				1,000,000	122,000			1,000,000	5,000,000	100,000											24,978,806
Common Stock, Par or Stated Value Per Share				$0.02				$0.02	$0.02	$0.02	$0.02	$0.02									$0.00	$0.09
Total Proceeds		$20,000		$20,000				$20,000	$100,000	$2,000	$50,000	$50,000
Common Stock, Shares, Issued			238,654								2,500,000	2,500,000													12,500,000	2,541,667
Fair Value Assumptions, Exercise Price													$0.50											$0.50
Debt Conversion, Converted Instrument, Warrants or Options Issued													12,434,410
Restricted Common Stock			62,500											325,000	62,500	25,000	4,400,000	750,000	1,433,333	4,795,694
Accrued Professional Fees, Current														204,000											240,000
Shares Extinguished														3,600,000										4,237,640
Long-term Debt, Fair Value															3,750	3,500	616,000	67,500
Total Restricted Shares							241,380
Repayments of Long-term Debt							63,276
Notes Payable, Current																								150,000						719,354
Deposit Liabilities, Accrued Interest																								10,950
Common Stock Shares Issued																							49,737,640				1,069,999	2,611,667	300,000	4,795,694
Settlement Assets, Current																									55,000
Common Stock Value Per Share																											$0.15	$0.15	$0.15
Cash Proceeds																											$160,500	$391,750	$45,000
Investment Warrants, Exercise Price	$0.50																														$0.50
Debt Conversion, Converted Instrument, Warrants or Options Issued																							6,244,702								12,434,410
Cashless Warrants																																1,200,000	1,200,000	1,200,000
Class of Warrant or Right, Outstanding						1,577,257
Warrant exercise price						$0.50

Note_6_Stockholders_Deficit_Sc1

Note 6 - Stockholders' Deficit: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	Dec. 31, 2012	Jun. 21, 2012	Jun. 20, 2012	Dec. 31, 2011	Dec. 30, 2011	Jul. 29, 2011	Jun. 30, 2011	Jun. 29, 2011	Dec. 31, 2010
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	44,236,369			25,557,257					24,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.32			$0.19					$0.18
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period1		12,434,410	6,244,702			3,600,000	358,333	1,198,924
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$0.50	$0.50			$0.20	$0.50	$0.50
Share Based Compensation Arrangement By Share Based Payment Award Option Forfeitures In Period1					-3,600,000

Note_7_Discontinued_Operations3

Note 7 - Discontinued Operations: Schedule of Other Assets and Other Liabilities (Details) (USD $)	Dec. 31, 2011
Details
Cash Equivalents, at Carrying Value	$4,428
Accounts and Other Receivables, Net, Current	2,426
Deferred Revenue	12,757
Corporate Tax Recoverable	10,273
Due from Other Related Parties	85,451
Property, Plant and Equipment, Net	13,113
Other Assets	13,635
Other Assets Held-for-sale	$142,083

Note_7_Discontinued_Operations4

Note 7 - Discontinued Operations: Schedule of Accrued Liabilities (Details) (USD $)	Dec. 31, 2011
Details
Accrued Liabilities, Current	$33,307
Other Notes Payable	240,692
Due to Other Related Parties	6,526
Noncash or Part Noncash Acquisition, Other Liabilities Assumed	$280,525

Note_9_Income_Taxes_Schedule_o2

Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Details
Deferred Tax Assets, Net of Valuation Allowance, Current	$1,750,130	$1,501,282
Valuation Allowance, Amount	-1,750,130	-1,501,282
Deferred Tax Assets, Net of Valuation Allowance	$0	$0

Note_12_Subsequent_Events_Deta

Note 12 - Subsequent Events (Details) (USD $)	Jun. 18, 2013	Mar. 15, 2013	Mar. 01, 2013	Dec. 31, 2012
Details
Common stock to be issued			1,000,000	122,000
Common Stock, Par or Stated Value Per Share			$0.02
Total Proceeds	$20,000		$20,000
Restricted Common Stock		62,500
Grants Receivable		326,250
Common Stock, Shares, Issued		238,654
Common Stock Value Per Share		$0.15
Company Obligations		$35,795
Preferred Units, Authorized	100,000			100,000,000
Preferred Stock, Par or Stated Value Per Share	$0.20			$0.00