| NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | a. BASIS OF ACCOUNTING The accompanying financial statements have
been prepared in accordance with generally accepted accounting principles (GAAP) as promulgated in the United States
of America. b. BASIC EARNINGS PER SHARE The Company computes net income (loss) per
share in accordance with the FASB Accounting Standards Codification (ASC). The ASC specifies the computation, presentation
and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. Basic net earnings (loss) per share amounts
are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. The equity instruments
such as 5,000,000 warrants were not included in the loss per share calculations because the inclusion would have been anti-dilutive. c. ESTIMATES The preparation of financial statements in
conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. d. CASH and CASH EQUIVALENTS Cash and cash equivalents include cash on
hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90
days or less. As of September 30, 2014 and 2013, the Company had no cash equivalents. e. STOCK-BASED COMPENSATION The Company records stock-based compensation
in accordance with the FASB Accounting Standards Classification using the fair value method. All transactions in which goods or
services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the
consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments
issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value
of the equity instruments issued. f. INCOME TAXES Income taxes are provided in accordance with
the FASB Accounting Standards Classification. A deferred tax asset or liability is recorded for all temporary differences between
financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during
the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation
allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will
not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date
of enactment. g. RECENT ACCOUNTING PRONOUNCEMENTS In June 2014, the FASB issued ASU 2014-10,
Development Stage Entities (Topic915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction
of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information
on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively
for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early
adoption is permitted. The Company adopted ASU 2014-10 during the
years since January 31, 2014, thereby no longer presenting or disclosing any information required by Topic 915. In February 2013, the FASB issued ASU No. 2013-04,
Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the
Obligation Is Fixed at the Reporting Date. In January 2015, FASB issued Accounting Standards
Update (ASU) No. 201501 Income Statement Extraordinary and Unusual Items, Simplifying Income Statement Presentation by
Eliminating the Concept of Extraordinary Items. Eliminating the concept of extraordinary items will save time and reduce costs
for preparers because they will not have to assess whether a particular event or transaction event is extraordinary (even if they
ultimately would conclude it is not). This also alleviates uncertainty for preparers, auditors, and regulators because auditors
and regulators no longer will need to evaluate whether a preparer treated an unusual and/or infrequent item appropriately. This
update is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015. Early application
is permitted. In April 2015, the FASB issued ASU 2015-03,
InterestImputation of Interest (Subtopic 835-30) The amendments in ASU 2013-04 provide guidance
for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which
the total amount of the obligation within the scope of this update is fixed at the reporting date, except for obligations addressed
within existing guidance in U.S. GAAP. The guidance requires an entity to measure
those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors
and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance in this Update also requires
an entity to disclose the nature and amount of the obligation as well as other information about those obligations. The amendment
in this standard is effective retrospectively for fiscal years, and interim periods within those years, beginning after December
15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-04 will have on our financial statements. In April 2013, the FASB issued ASU No. 2013-07,
Presentation of Financial Statements (Top 205): Liquidation Basis of Accounting. The objective of ASU No. 2013-07 is to clarify
when an entity should apply the liquidation basis of accounting and to provide principles for the measurement of assets and liabilities
under the liquidation basis of accounting, as well as any required disclosures. The amendments in this standard is effective prospectively
for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim
reporting periods therein. We are evaluating the effect, if any, adoption of ASU No. 2013-07 will have on our financial statements. The Company sustained operating losses during
the years ended September 30, 2014 and 2013. The Companys continuation as a going concern is dependent on its ability to
generate sufficient cash flows from operations to meet its obligations and/or obtain additional financing, as may be required. The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt
about the Companys ability to do so. The financial statements do not include any adjustments to reflect the possible future
effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should
the Company be unable to continue as a going concern. The officer and director have committed to advancing certain operating costs
of the Company. Management plans to seek a strategic partner
to assist in the development of the book sales business, or a merger or acquisition partner with the resources to take the Company
in a new direction and bring greater value to its shareholders. Management has yet to identify any of these and there is no guarantee
that the Company will be able to identify such opportunities in the future. |
