AF OCEAN INVESTMENT MANAGEMENT (AFAN) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Sep. 30, 2013	Nov. 13, 2013
Document and Entity Information:	'	'
Entity Registrant Name	'AF OCEAN INVESTMENT MANAGEMENT Co	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001501489	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	92,105,466
Entity Public Float	$4,867	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'No	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'Yes	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Balance_Sheet

Balance Sheet (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets, Current	'	'
Cash and Cash Equivalents, at Carrying Value	$747,111	$402,510
Assets, Current	747,111	402,510
Assets, Noncurrent	'	'
Property, Plant and Equipment, Net	6,917	5,990
Notes, Loans and Financing Receivable, Net, Noncurrent	22,000	16,000
Finite-Lived Intangible Assets, Net	294,193	294,193
Assets, Noncurrent	323,110	316,183
Assets	1,070,221	718,693
Liabilities	'	'
Accounts Payable, Current	'	200
Accrued Liabilities, Current	6,147	4,136
Notes Payable, Current	100,000	72,956
Deferred Revenue and Credits, Current	'	180,000
Liabilities	106,347	493,328
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'
Common Stock, Value, Issued	921,055	73,277
Stockholders' Equity Note, Subscriptions Receivable	-74,094	'
Additional Paid in Capital, Common Stock	863,012	863,012
Accumulated Other Comprehensive Income (Loss), Net of Tax	419	231
Retained Earnings (Accumulated Deficit)	-746,518	-711,155
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	963,874	225,365
Liabilities and Equity	$1,070,221	$718,693

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical (USD $)	Sep. 30, 2013	Dec. 31, 2012
Balance Sheets - Parenthetical	'	'
Common Stock, Par Value	$0.01	$0.01
Common Stock, Shares Authorized	5,000,000,000	500,000,000
Common Stock, Shares Issued	92,105,466	7,327,720
Common Stock, Shares Outstanding	92,105,466	7,327,720

Statement_of_Income

Statement of Income (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues	'	'	'	'
Contracts Revenue	$135,000	$60,000	$450,000	$90,000
Revenues	135,000	60,000	450,000	90,000
Operating Expenses	'	'	'	'
General and Administrative Expense	168,981	346,485	471,624	456,487
Operating Expenses	168,981	346,485	471,624	456,487
Operating Income (Loss)	-33,981	-286,485	-21,624	-366,487
Nonoperating Income (Expense)	'	'	'	'
Interest Income, Other	143	142	320	142
Other Nonoperating Income (Expense)	'	-12,454	12,984	'
Amortization of Debt Discount Premium	-1,068	'	-27,044	-12,454
Nonoperating Income (Expense)	-925	-12,312	-13,740	-12,312
Net Income (Loss) Available to Common Stockholders, Basic	-34,906	-298,797	-35,364	-378,799
Foreign Currency Transaction Gain (Loss), Realized	55	'	189	'
Comprehensive Income (Loss), Net of Tax	($34,851)	($298,797)	($35,175)	($378,799)
Earnings Per Share	'	'	'	'
Earnings Per Share, Basic	$0	($0.06)	$0	($0.10)
Weighted Average Number of Shares Outstanding, Basic	78,062,163	5,015,972	31,164,968	3,851,098

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Net Cash Provided by (Used in) Operating Activities	'	'
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	($35,364)	($378,799)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	'	'
Depreciation	2,825	1,329
Amortization of discount on note payable	27,044	12,454
Issuance of Stock and Warrants for Services or Claims	'	212,200
Increase (Decrease) in Operating Capital of Discontinued Operations	'	-3,361
Increase (Decrease) in Accounts Payable	-200	15,084
Increase (Decrease) in Accrued Liabilities	2,011	1,739
Increase (Decrease) in Deferred Revenue	-180,000	'
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	-148,320	239,445
Net Cash Provided by (Used in) Operating Activities	-183,684	-139,354
Net Cash Provided by (Used in) Investing Activities	'	'
Payments to Acquire Property, Plant, and Equipment	-3,752	-4,207
Notes Receivable	-6,000	-16,000
Payments to Acquire Projects	-299,726	'
Net Cash Provided by (Used in) Investing Activities	-9,752	-319,933
Net Cash Provided by (Used in) Financing Activities	'	'
Proceeds from (Repayments of) Notes Payable	'	100,000
Proceeds from (Repayments of) Related Party Debt	-58,990	426,224
Proceeds from Issuance of Common Stock	596,838	'
Proceeds from Issuance or Sale of Equity	'	437,242
Net Cash Provided by (Used in) Financing Activities	537,848	963,466
Foreign Currency Transaction Gain (Loss), Realized	189	'
Cash and Cash Equivalents, Period Increase (Decrease)	344,601	504,179
Cash and Cash Equivalents, at Carrying Value	402,510	3,361
Cash and Cash Equivalents, at Carrying Value	$747,111	$507,540

Note_1_Organization_and_Descri

Note 1. Organization and Description Business Operations	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 1. Organization and Description Business Operations	'
	NOTE 1.                  BACKGROUND
	AF Ocean Investment Management Company, formerly known as Dinello Restaurant Ventures, Inc., was incorporated under the laws of the State of Florida on April 2, 2003.  AF Ocean Investment Management Company (together with its subsidiaries, hereinafter collectively referred to as the “Company”, “AF Ocean” or “we”) promotes business relations and exchanges between Chinese and U.S. companies, facilitating international mergers and acquisitions, and increasing co-operation between Chinese companies and Wall Street financial institutions.  The mission is to help Wall Street investors identify and work with respectable and reputable Chinese counterparts and companies and assist Chinese corporations to understand that the only way to benefit from the world’s biggest capital market is through strict and consistent adherence to the rules and regulations that govern companies listed on American stock exchanges.

Note_2_Summary_of_Significant_

Note 2. Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 2. Summary of Significant Accounting Policies	'
	NOTE 2.               SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Consolidation.
	The financial statements include the accounts and activity of AF Ocean Investment Management Company and its wholly owned subsidiary, AF Ocean Investment Management (Shanghai), Co. Ltd. as of July 6, 2012, the date of acquisition.  All intercompany balances and activity have been eliminated.
	Basis of Presentation and Use of Estimates.
	The accompanying consolidated financial statements of AF Ocean at September 30, 2013 are unaudited, but, in the opinion of management, include all adjustments necessary for a fair presentation of the results for the interim period. The unaudited consolidated interim financial statements included herein should be read in conjunction with the December 31, 2012 audit of consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/Amendment 1 for the year ended December 31, 2012.  The Company’s quarterly results are subject to fluctuation and, thus, the operating results for any quarter are not necessarily indicative of results to be expected for any future fiscal period.
	The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States of America. These principles require 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. Management believes that these estimates are reasonable and have been discussed with the Board of Directors; however, actual results could differ from those estimates.
	Cash and Cash Equivalents.  The majority of cash is maintained with a major financial institution in the United States.  Deposits with this bank may exceed the amount of insurance provided on such deposits.  Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk.  The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
	Property and Equipment.  Property and equipment is stated at cost.  Depreciation is computed by the straight-line method over estimated useful lives.   The carrying amount of all long-lived assets is evaluated periodically to determine if adjustment to the depreciation and amortization period or the unamortized balance is warranted. Based upon its most recent analysis, the Company believes that no impairment of property and equipment exists at September 30, 2013.
	Foreign Currency Translation.  The Company addressed the effect of the exchange rate differences resulting from the translation of the financial statements of its WFOE into the consolidated corporate statements on the Balance Sheet with an Exchange rate adjustment.  There was a foreign currency translation adjustment in the amount of $189 for the nine months ended September 30, 2013.
	Intangible Assets.   Intangible assets consist of business licenses in the Peoples’ Republic of China and goodwill acquired in an acquisition during 2012.  Management believes that these assets have unlimited lives and will not be amortized.
	Impairment of Long-lived Assets. Long-lived assets such as property, equipment and identifiable intangibles are reviewed for impairment whenever facts and circumstances indicate that the carrying value may not be recoverable.  When required impairment losses on assets to be held and used are recognized based on the fair value of the asset.  The fair value is determined based on estimates of future cash flows, market value of similar assets, if available, or independent appraisals, if required.  If the carrying amount of the long-lived asset is not recoverable from its undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and fair value of the asset.  When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risk associated with the recovery of the assets.  We did not recognize any impairment losses for any periods presented.
	Revenue Recognition.  Revenue from consulting services is recognized according to the terms of the consulting agreement.  Generally, consulting revenue will be recognized over the term of the agreement.  At times deposits or prepayments may result in deferred revenue which will be recognized into income as the services are performed.
	Share-based Compensation.  The Company may issue stock options whereby all share-based payments to employees, including grants of employee stock options are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company had no common stock options or common stock equivalents granted or outstanding for all periods presented.
	The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718.  ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees.  The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method.  The Company accounts for non-employee share-based awards in accordance with the measurement and recognition provisions ASC Topic 505-50.  The Company estimates the fair value of stock options at the grant date by using the Black-Scholes option-pricing model.
	The Company may issue restricted stock for various business and administrative services.  Cost for these transactions are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The value of the common stock is measured at the earlier of (i) the date at which a firm commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty’s performance is complete.   There was no share-based compensation paid in the three and nine months ended September 30, 2013 and 2012.
	Income Taxes.  The Company accounts for income taxes pursuant to the provisions of ASC 740-10, “Accounting for Income Taxes,” which requires, among other things, an asset and liability approach to calculating deferred income taxes.  The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities.  A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	Earnings per Share.  In accordance with ASC 260-10, “Earnings Per Share”, basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period.  At September 30, 2013 and 2012 dilutive earnings per share were not calculated as the effect is anti-dilutive.
	Segment Information.  In accordance with the provisions of ASC 280-10, “Disclosures about Segments of an Enterprise and Related Information”, the Company is required to report financial and descriptive information about its reportable operating segments which meet the quantitative thresholds delineated.  The Company has one reporting segment that does not meet any of the quantitative thresholds to require separate reporting.   However, see Note 8 for limited disclosure.
	Recent Accounting Pronouncements.  The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to September 30, 2013 through the date these financial statements were issued.

Note_3_Going_Concern

Note 3. Going Concern	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 3. Going Concern	'
	NOTE 3.               GOING CONCERN
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company discontinued its restaurant operations in 2011 and is continuing to evaluate its new direction.  The Company had $450,000 in consulting fee income for the nine months ended September 30, 2013.  During that same period, the Company had net loss of $35,364. These factors indicate the Company is generating revenues; however, there is still substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.  The Company’s continuation as a going concern is dependent upon its ability to generate revenues through its new business direction.
	The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note_4_Related_Party_Transacti

Note 4. Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 4. Related Party Transactions	'
	NOTE 4.               RELATED PARTY TRANSACTIONS
	During the year ended December 31, 2012, the majority shareholder advanced $673,281 to the Company. Of this amount $437,244 was converted to shares of stock during 2012. For the nine months ended September 30, 2013, the shareholder was repaid $58,992. There is currently a balance due from the majority shareholder in the amount of $74,094 at September 30, 2013.  On July 9, 2013, the Company issued 28,000,000 shares of stock to the majority shareholder for a promise to pay $280,000 pursuant to an executed subscription agreement.  As of September 30, 2013, only $205,906 has been received. The balance of $74,094 is recorded as a subscription receivable on the balance sheet.  The Company anticipates the balance due will be received during the fourth quarter of 2013.

Note_5_Note_Payable

Note 5 Note Payable	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 5 Note Payable	'
	NOTE 5                NOTE PAYABLE
	On July 6, 2012, AF Ocean signed a promissory note to Island Capital Management, in the amount of $100,000, with stated interest of 5% and a one year maturity date of July 6, 2013.  The accrued interest on the note is recorded as an expense.  The debt discount associated with the conversion to stock at a stated rate was $51,953. It has been fully amortized from July 6, 2012for the term of the original note. The balance of the discount at September 30, 2013 is $0. On August 6, 2013 the Company and Island Capital Management executed an amendment to the convertible promissory note extending the due date to January 6, 2014.

Note_6_Stockholders_Equity

Note 6. Stockholders' Equity	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 6. Stockholders' Equity	'
	NOTE 6.               STOCKHOLDERS’ EQUITY
	As of September 30, 2013 and December 31, 2012, the Company had 92,105,466 and 7,327,720 shares of common stock issued and outstanding, respectively.
	Stock issuance / cancellation during the third fiscal quarter ended September 30, 201, were as follows:
	Dates shares issued	Shares Issued To/For		Amount/Stock Value	Shares Issued	Price Per Share
	7/9/13	Shareholder for subscription	$	280,000	28,000,000	$.01 Per Share
	7/9/13	Acquisition of Hong Kong company (Note 9)	$	500,000	50,000,000	$.01 Per Share
	9/9/13	Shareholder purchase cancelled	$	-200	-20,000	$.01 Per Share
	9/25/13	Shareholder loans converted to equity	$	67,977	6,797,746	$.01 Per Share
		Total	$	847,777	84,777,746
	The Company has no options or warrants issued or outstanding.

Note_7_Commitments_and_Conting

Note 7. Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 7. Commitments and Contingencies	'
	NOTE 7.               COMMITMENTS AND CONTINGENCIES
	From time to time the Company may be a party to litigation matters involving claims against the Company.  Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.
	The Company rents office space in New York, New York, Shanghai, China, and Sarasota, Florida.  The terms for each location are month to month and were started on March 1, 2012. The monthly rent is approximately $200, $3,600, and $300, respectively.

Note_8_Segment_Reporting

Note 8. Segment Reporting	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 8. Segment Reporting	'
	NOTE 8.               SEGMENT REPORTING
	In the third quarter of 2012, we acquired one operating segment, AF Ocean Investment Management (Shanghai) Co., Ltd., in Shanghai, China, which we intend to develop as a provider of business services to Chinese individuals who have investments in U.S. companies.  There was no revenue during the nine months ended September 30, 2012, due primarily to the change in ownership.
	In the third quarter of 2013, we acquired another operating segment, Andy Ocean Investment Management Limited, in Hong Kong. Andy Ocean (Hong Kong) has never generated any revenue, but the Company acquired $500,000 in cash assets.
	The following are the expenses attributed to AF Ocean (Shanghai) and Andy Ocean (Hong Kong) for the nine months ended September 30, 2013. At this time, neither operating segment meets any of the quantitative thresholds which would require separate reporting of its operations, however, management believes that the following information about the segment would be useful to readers of the financial statements.
	Schedule of Segment Reporting Information by Segment
			30-Sep-13		31-Dec-12
	AF Ocean Investment Management (Shanghai) Co., Ltd. Segment:
	Net income (net loss)	$	33,341	$	-106,682
	Total Assets	$	307,355	$	325,642
	Andy Ocean Investment Management Limited, Segment:
	Net income	$	0	$	0
	Total Assets	$	0	$	500,000

Note_9_Acquisition_of_Subsidia

Note 9. Acquisition of Subsidiary	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 9. Acquisition of Subsidiary	'
	NOTE 9.               ACQUISITION OF SUBSIDIARY
	On July 9, 2013, the Company acquired 100% of the membership interest in Andy Ocean Investment Management Limited for stock. The pro-forma results of the combined entity as if the acquisition occurred on January 1, 2013 are as follows:
	Pro Forma Results Assuming a January 1, 2013 acquisition
	Profit Loss		30-Sep-13
	Revenues	$	450,000
	Net loss	$	-46,625

Note_10_Subsequent_Events

Note 10. Subsequent Events	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 10. Subsequent Events	'
	NOTE 10.             SUBSEQUENT EVENTS
	Management has evaluated subsequent events through November 13, 2013, the date the financial statements were available to be issued.   Management is not aware of any significant events that occurred subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

Note_2_Summary_of_Significant_1

Note 2. Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Use of Estimates, Policy	'
	Basis of Presentation and Use of Estimates.
	The accompanying consolidated financial statements of AF Ocean at September 30, 2013 are unaudited, but, in the opinion of management, include all adjustments necessary for a fair presentation of the results for the interim period. The unaudited consolidated interim financial statements included herein should be read in conjunction with the December 31, 2012 audit of consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/Amendment 1 for the year ended December 31, 2012.  The Company’s quarterly results are subject to fluctuation and, thus, the operating results for any quarter are not necessarily indicative of results to be expected for any future fiscal period.
	The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States of America. These principles require 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. Management believes that these estimates are reasonable and have been discussed with the Board of Directors; however, actual results could differ from those estimates.

Note_2_Summary_of_Significant_2

Note 2. Summary of Significant Accounting Policies: Cash and Cash Equivalents Disclosure (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Cash and Cash Equivalents Disclosure	'
	Cash and Cash Equivalents.  The majority of cash is maintained with a major financial institution in the United States.  Deposits with this bank may exceed the amount of insurance provided on such deposits.  Generally, these deposits may be redeemed on demand and, therefore, bear minimal risk.  The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Note_2_Summary_of_Significant_3

Note 2. Summary of Significant Accounting Policies: Property, Plant and Equipment, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Property, Plant and Equipment, Policy	'
	Property and Equipment.  Property and equipment is stated at cost.  Depreciation is computed by the straight-line method over estimated useful lives.   The carrying amount of all long-lived assets is evaluated periodically to determine if adjustment to the depreciation and amortization period or the unamortized balance is warranted. Based upon its most recent analysis, the Company believes that no impairment of property and equipment exists at September 30, 2013.

Note_2_Summary_of_Significant_4

Note 2. Summary of Significant Accounting Policies: Foreign Currency Transactions and Translations Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Foreign Currency Transactions and Translations Policy	'
	Foreign Currency Translation.  The Company addressed the effect of the exchange rate differences resulting from the translation of the financial statements of its WFOE into the consolidated corporate statements on the Balance Sheet with an Exchange rate adjustment.  There was a foreign currency translation adjustment in the amount of $189 for the nine months ended September 30, 2013.

Note_2_Summary_of_Significant_5

Note 2. Summary of Significant Accounting Policies: Intangible Assets (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Intangible Assets	'
	Intangible Assets.   Intangible assets consist of business licenses in the Peoples’ Republic of China and goodwill acquired in an acquisition during 2012.  Management believes that these assets have unlimited lives and will not be amortized.

Note_2_Summary_of_Significant_6

Note 2. Summary of Significant Accounting Policies: Impairment or Disposal of Long-Lived Assets, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Impairment or Disposal of Long-Lived Assets, Policy	'
	Impairment of Long-lived Assets. Long-lived assets such as property, equipment and identifiable intangibles are reviewed for impairment whenever facts and circumstances indicate that the carrying value may not be recoverable.  When required impairment losses on assets to be held and used are recognized based on the fair value of the asset.  The fair value is determined based on estimates of future cash flows, market value of similar assets, if available, or independent appraisals, if required.  If the carrying amount of the long-lived asset is not recoverable from its undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and fair value of the asset.  When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risk associated with the recovery of the assets.  We did not recognize any impairment losses for any periods presented.

Note_2_Summary_of_Significant_7

Note 2. Summary of Significant Accounting Policies: Revenue Recognition, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Revenue Recognition, Policy	'
	Revenue Recognition.  Revenue from consulting services is recognized according to the terms of the consulting agreement.  Generally, consulting revenue will be recognized over the term of the agreement.  At times deposits or prepayments may result in deferred revenue which will be recognized into income as the services are performed.

Note_2_Summary_of_Significant_8

Note 2. Summary of Significant Accounting Policies: Share-based Compensation, Option and Incentive Plans Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Share-based Compensation, Option and Incentive Plans Policy	'
	Share-based Compensation.  The Company may issue stock options whereby all share-based payments to employees, including grants of employee stock options are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company had no common stock options or common stock equivalents granted or outstanding for all periods presented.
	The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718.  ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees.  The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method.  The Company accounts for non-employee share-based awards in accordance with the measurement and recognition provisions ASC Topic 505-50.  The Company estimates the fair value of stock options at the grant date by using the Black-Scholes option-pricing model.
	The Company may issue restricted stock for various business and administrative services.  Cost for these transactions are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The value of the common stock is measured at the earlier of (i) the date at which a firm commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty’s performance is complete.   There was no share-based compensation paid in the three and nine months ended September 30, 2013 and 2012.

Note_2_Summary_of_Significant_9

Note 2. Summary of Significant Accounting Policies: Income Tax, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Income Tax, Policy	'
	Income Taxes.  The Company accounts for income taxes pursuant to the provisions of ASC 740-10, “Accounting for Income Taxes,” which requires, among other things, an asset and liability approach to calculating deferred income taxes.  The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities.  A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

Recovered_Sheet1

Note 2. Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Earnings Per Share, Policy	'
	Earnings per Share.  In accordance with ASC 260-10, “Earnings Per Share”, basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period.  At September 30, 2013 and 2012 dilutive earnings per share were not calculated as the effect is anti-dilutive.

Recovered_Sheet2

Note 2. Summary of Significant Accounting Policies: Segment Reporting, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Segment Reporting, Policy	'
	Segment Information.  In accordance with the provisions of ASC 280-10, “Disclosures about Segments of an Enterprise and Related Information”, the Company is required to report financial and descriptive information about its reportable operating segments which meet the quantitative thresholds delineated.  The Company has one reporting segment that does not meet any of the quantitative thresholds to require separate reporting.   However, see Note 8 for limited disclosure.

Recovered_Sheet3

Note 2. Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
New Accounting Pronouncements, Policy	'
	Recent Accounting Pronouncements.  The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to September 30, 2013 through the date these financial statements were issued.

Note_8_Segment_Reporting_Sched

Note 8. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Segment Reporting Information, by Segment	'
	Schedule of Segment Reporting Information by Segment
			30-Sep-13		31-Dec-12
	AF Ocean Investment Management (Shanghai) Co., Ltd. Segment:
	Net income (net loss)	$	33,341	$	-106,682
	Total Assets	$	307,355	$	325,642
	Andy Ocean Investment Management Limited, Segment:
	Net income	$	0	$	0
	Total Assets	$	0	$	500,000

Note_3_Going_Concern_Details

Note 3. Going Concern (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Details	'	'	'	'
Revenues	$135,000	$60,000	$450,000	$90,000

Note_9_Acquisition_of_Subsidia1

Note 9. Acquisition of Subsidiary (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Details	'
Business Acquisition, Pro Forma Revenue	$450,000
Business Acquisition, Pro Forma Net Income (Loss)	($46,625)