Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Apr. 10, 2014 | Jun. 30, 2013 | |
Document and Entity Information: | ' | ' | ' |
Entity Registrant Name | 'Twentyfour/seven Ventures, Inc. | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001565700 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 10,000,000 | ' |
Entity Public Float | ' | ' | $148,500 |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'Yes | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Twentyfourseven_Ventures_Inc_C
Twentyfour/seven Ventures, Inc. - Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Current assets | ' | ' |
Cash | $16,913 | $30,817 |
Accounts receivable | 18,794 | 3,858 |
Collateral deposits - restricted | 82,459 | 23,100 |
Total current assets | 118,166 | 57,775 |
Fixed assets | 2,850 | 23,862 |
Accumulated depreciation | -2,565 | -20,670 |
Restricted cash reserves | 220,444 | 178,015 |
Other assets | 650 | 650 |
Total assets | 339,545 | 239,632 |
Current liabilities | ' | ' |
Accounts Payable | 5,069 | 10,858 |
Interest payable - related party | 16,873 | 10,477 |
Taxes payable | 1,030 | 1,210 |
Collateral deposits | 82,459 | 23,100 |
Notes payable - related portion | 108,000 | 75,000 |
Total current liabilities | 213,431 | 120,645 |
Stockholders' Equity | ' | ' |
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,000,000 shares issued and outstanding | 10,000 | 10,000 |
Additional paid-in capital | 73,209 | 73,209 |
Retained earnings | 42,875 | 35,778 |
Total stockholders' equity | 126,084 | 118,987 |
Total liabilities and stockholders' equity | $339,515 | $239,632 |
Twentyfourseven_Ventures_Inc_C1
Twentyfour/seven Ventures, Inc. - Consolidated Statement of Operations - For the Year Ended December 31, 2013 and 2012 (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Statement | ' | ' |
Revenues | $512,710 | $475,952 |
Cost of revenues: | ' | ' |
Agent fees | 72,690 | 130,430 |
Agent fees, related parties | 75,775 | 65,174 |
Bond premium | 71,463 | 58,423 |
Asset recovery | 9,780 | 10,814 |
Other costs of sales | 113,626 | 41,235 |
Total cost of revenues | 343,334 | 306,076 |
Gross profit | 169,376 | 169,876 |
Operating expenses: | ' | ' |
Depreciation | 570 | 2,609 |
Professional fees | 71,275 | 38,041 |
Rent | 10,926 | 9,600 |
Other operating expenses | 72,082 | 121,954 |
Total operating expenses | 154,853 | 172,204 |
Income (loss) from operations | 14,523 | -2,328 |
Other income (expense): | ' | ' |
Interest expense - related party expense | -6,369 | -3,644 |
Income (loss) before provision for income taxes | 8,127 | -5,972 |
Provision for income tax | 1,030 | 1,210 |
Net income (loss) | $7,097 | ($7,182) |
Net income (loss) per share (basic and fully diluted) | $0 | $0 |
Weighted average number of common shares outstanding | 10,000,000 | 10,000,000 |
Twentyfourseven_Ventures_Inc_C2
Twentyfour/seven Ventures, Inc. - Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock, $0.001 Par Value Shares | Common Stock, $0.001 Par Value Amount | Additional Paid in Capital | Retained Earnings | Total Stockholders' Equity |
Balance at start of period at Dec. 31, 2011 | ' | 9,990,000 | 9,990 | 62,793 | 42,960 | 115,743 |
Compensatory stock issuances | $150 | $10,000 | $10 | $140 | $0 | $150 |
Debt relief - related party | ' | 0 | 0 | 10,276 | 0 | 10,276 |
Net income (loss) for the year | ' | 0 | 0 | 0 | -7,182 | -7,182 |
Balances at end of period at Dec. 31, 2012 | ' | 10,000,000 | 10,000 | 73,209 | 35,778 | 118,987 |
Compensatory stock issuances | 0 | ' | ' | ' | ' | ' |
Net income (loss) for the year | ' | $0 | $0 | $0 | $7,097 | $7,097 |
Balances at end of period at Dec. 31, 2013 | ' | 10,000,000 | 10,000 | 73,209 | 42,875 | 126,084 |
Twentyfourseven_Ventures_Inc_C3
Twentyfour/seven Ventures, Inc. - Consolidated Statement of Cash Flows (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Cash flows from operating activities | ' | ' |
Net income (loss) | $7,097 | ($7,182) |
Adjustments to reconcile net loss to net cash provided by (used for) operating activities: | ' | ' |
Loss on disposal of fixed assets | 2,337 | 0 |
Amortization & depreciation | 570 | 2,609 |
Compensatory stock issuances | 0 | 150 |
Changes in operating assets and liabilities | ' | ' |
Accounts receivable | -14,906 | 11,971 |
Accounts payable | -5,789 | 375 |
Interest payable - related parties | 6,396 | 3,644 |
Taxes payable | -180 | 1,210 |
Net cash provided by (used for) operating activities | -4,475 | 12,777 |
Cash flows from investing activities | ' | ' |
Fixed asset purchases | 0 | -2,115 |
Restricted cash reserves | -42,429 | -35,056 |
Net cash provided by (used for) investing activities | -42,429 | -37,171 |
Cash flows from financing activities | ' | ' |
Related party payables | 0 | 2,570 |
Notes payable - borrowings, related parties | 33,000 | 50,000 |
Net cash provided by financing activities | 33,000 | 52,570 |
Net increase (decrease) in cash | -13,904 | 28,176 |
Cash at the Beginning of the Period | 30,817 | 2,641 |
Cash at the End of the Period | 16,913 | 30,817 |
Supplementary information: | ' | ' |
Cash paid for Interest | 0 | 0 |
Cash paid for Income taxes | $1,228 | $0 |
Note_1_Organization_Operations
Note 1. Organization, Operations and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 1. Organization, Operations and Summary of Significant Accounting Policies | ' |
Note 1. Organization, Operations and Summary of Significant Accounting Policies | |
Twentyfour/seven Ventures, Inc. (the "Company") was incorporated in the State of Colorado on March 8, 2007. The Company is engaged in the bail bond business. | |
Principles of consolidation | |
The accompanying consolidated financial statements include the accounts of Twentyfour/seven Ventures, Inc. and its wholly owned subsidiary, A Alpha Bail Bonds, LLC. All intercompany accounts and transactions have been eliminated in consolidation. | |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Cash and cash equivalents | |
The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. | |
Accounts receivable | |
The Company reviews accounts receivable periodically for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary. At December 31, 2013 and 2012 the Company had no balance in its allowance for doubtful accounts. | |
Collateral | |
Collateral which is held by the Company must be returned at the request of the defendant once the bail is exonerated. Any collateral returned may be reduced by any uncollected premium or by any other outstanding charges. Any amount retained would be recognized as income. Since collateral is only returned at the request of a defendant, it is characterized as a refundable deposit. Collateral funds held at December 31, 2013 and 2012 were $82,459 and $23,100. | |
Property and equipment | |
Property and equipment are recorded at cost and depreciated under straight line methods over each item's estimated useful life, generally seven years for furniture and fixtures and five years for office equipment. Depreciation expense for 2013 and 2012 was $570 and $2,609. | |
Revenue recognition | |
Revenue is recognized on an accrual basis as earned under contract terms. Specifically, revenue from bond premiums is recognized when the bond has been written and is in force, and the client has paid the premium or collectability is reasonably assured. The Company recognizes revenue from agency relationships on a gross basis, as the Company is the sole obligor for the bond to both the client and the court, the Company within legal limits may set bond fees where it wishes, and the Company is responsible for performing on the bond should the client default. The Company includes all direct costs related to the writing and fulfillment of bonds (dismissal or payment) in costs of revenues including bond fees, forfeitures, bounty fees, direct liability insurance costs, and direct labor and office costs. | |
Advertising costs | |
Advertising costs are expensed as incurred. The Company incurred advertising costs in 2013 and 2012, of $17,990 and $28,042, respectively. | |
Income tax | |
The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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. | |
Net income (loss) per share | |
The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share. During the years ended December 31, 2013 and 2012, no potentially dilutive debt or equity instruments were issued or outstanding. | |
Financial Instruments | |
The carrying value of the Company's financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturities. | |
Long-Lived Assets | |
In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value. | |
Products and services, geographic areas and major customers | |
The Company earns revenue from writing bail bonds, and has no other separate lines of business. All premiums in 2013 and 2012 were earned domestically and written to external customers. No one customer accounted for over 10% of premiums. | |
Reclassifications | |
Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 presentation. |
Note_2_Related_Party_Transacti
Note 2. Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 2. Related Party Transactions | ' |
Note 2. Related Party Transactions | |
The Company has established an agency agreement with a general bonding agency through which the Company may write bail bonds and earn revenues from bond premiums. The agreement is in the name of the manager of A Alpha Bail Bonds, LLC, a fully owned subsidiary of the registrant, who is also a shareholder of the Company. As compensation for the agency arrangement, the general agent is paid a fee of 1.8% of the face amount of any bond written by the Company. | |
Affiliates of shareholders were paid agent fees for their production in the amounts of $75,775 and $65,174 for 2013 and 2012, respectively. | |
During the year ended December 31, 2012, a shareholder contributed $10,276 to the capital of the Company. |
Note_3_Restricted_Reserves
Note 3. Restricted Reserves | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 3. Restricted Reserves | ' |
Note 3. Restricted Reserves | |
The Company is required by regulation to place 1% of the face amount of any bond written into a cash reserve account, called a "buildup fund", as a hedge against potential bond forfeitures. The cash deposited into the buildup fund on any given bond may be released to the Company upon bond release by a court, or after the passing of a statutory time frame, generally 36 months. The balance in the buildup fund at December 31, 2013 and 2012 was $220,444 and $178,015. |
Note_4_Income_Taxes
Note 4. Income Taxes | 12 Months Ended | ||
Dec. 31, 2013 | |||
Notes | ' | ||
Note 4. Income Taxes | ' | ||
Note 4. Income Taxes | |||
Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses and other items. Loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur. The Company accounts for income taxes pursuant to ASC 740. | |||
Income taxes at federal and state statutory rates are reconciled to the Company's actual income taxes as follows: | |||
Year ended December 31, 2013 | Year Ended December 31, 2012 | ||
Tax at federal statutory rate (15%) | $1,064 | ($895) | |
State income tax (5%) | 252 | -299 | |
Meals & entertainment | 691 | 706 | |
Revenue estimates | -977 | 1,681 | |
Expense estimates | 0 | 810 | |
Tax rate estimate | 0 | -27 | |
Net operating loss carryforward | 0 | -766 | |
Total | $1,030 | $1,210 | |
At the beginning of 2011 the Company had $38,603 in net operating loss carryforwards available for use. The Company used $34,772 of the carryforwards in 2011, leaving a remainder carryforward at end 2011 of $3,831 resulting in a deferred tax asset of approximately $766 which was offset by a 100% valuation allowance. The change in the valuation allowance in 2011 was $6,954. At the beginning of 2012 the Company had $3,831 in net operating loss carryforwards available for use. The Company used $3,831 of the carryforwards in 2012, leaving no remainder carryforward at end 2012 and no deferred tax asset. The change in the valuation allowance in 2012 was $766. |
Note_5_Leases
Note 5. Leases | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 5. Leases | ' |
Note 5. Leases | |
The Company rented its office space at $700 per month plus costs under a month to month lease. Rent expense in 2013 and 2012, was $10,926 and $9,600. Effective January 1, 2014, the Company increased its square footage in the same location, under a thirty-six month lease at the rate of $1,250 per month plus costs. |
Note_6_Notes_Payable_Related_P
Note 6. Notes Payable, Related Parties | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 6. Notes Payable, Related Parties | ' |
Note 6. Notes Payable, Related parties | |
The Company at December 31, 2013 and 2012 had notes payable outstanding to shareholders of $108,000, and $75,000, unsecured, bearing interest at 8% per annum. At December 31, 2013, $75,000 of the outstanding notes payable had matured as of June 1, 2013 and $33,000 of the outstanding notes payable mature on June 1, 2014. | |
Accrued interest payable on the notes to related parties at each date was $16,873, and $10,477. Interest expense for 2013 and 2012 was $6,396 and $3,644. |
Note_7_Subsequent_Events
Note 7. Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 7. Subsequent Events | ' |
Note 7. Subsequent Events | |
Effective January 31, 2014, an affiliate of a shareholder advanced $30,000 on a note payable, bearing interest at the rate of $6,000 due in a balloon payment on or before January 30, 2015. The loan is guaranteed by the manager of A Alpha Bail Bonds, LLC, a fully owned subsidiary of the Company, and a shareholder of the Company. | |
The Company has evaluated subsequent events through the date these financial statements were available to be issued of April 2, 2014 and determined that there are no other reportable subsequent events. |
Note_1_Organization_Operations1
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Principles of Consolidation (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Principles of Consolidation | ' |
Principles of consolidation | |
The accompanying consolidated financial statements include the accounts of Twentyfour/seven Ventures, Inc. and its wholly owned subsidiary, A Alpha Bail Bonds, LLC. All intercompany accounts and transactions have been eliminated in consolidation. |
Note_1_Organization_Operations2
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Use of Estimates (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Use of Estimates | ' |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Note_1_Organization_Operations3
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Cash and Cash Equivalents | ' |
Cash and cash equivalents | |
The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. |
Note_1_Organization_Operations4
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Accounts Receivable (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Accounts Receivable | ' |
Accounts receivable | |
The Company reviews accounts receivable periodically for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary. At December 31, 2013 and 2012 the Company had no balance in its allowance for doubtful accounts. |
Note_1_Organization_Operations5
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Collateral (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Collateral | ' |
Collateral | |
Collateral which is held by the Company must be returned at the request of the defendant once the bail is exonerated. Any collateral returned may be reduced by any uncollected premium or by any other outstanding charges. Any amount retained would be recognized as income. Since collateral is only returned at the request of a defendant, it is characterized as a refundable deposit. Collateral funds held at December 31, 2013 and 2012 were $82,459 and $23,100. |
Note_1_Organization_Operations6
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Property and Equipment (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Property and Equipment | ' |
Property and equipment | |
Property and equipment are recorded at cost and depreciated under straight line methods over each item's estimated useful life, generally seven years for furniture and fixtures and five years for office equipment. Depreciation expense for 2013 and 2012 was $570 and $2,609. |
Note_1_Organization_Operations7
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Revenue Recognition (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Revenue Recognition | ' |
Revenue recognition | |
Revenue is recognized on an accrual basis as earned under contract terms. Specifically, revenue from bond premiums is recognized when the bond has been written and is in force, and the client has paid the premium or collectability is reasonably assured. The Company recognizes revenue from agency relationships on a gross basis, as the Company is the sole obligor for the bond to both the client and the court, the Company within legal limits may set bond fees where it wishes, and the Company is responsible for performing on the bond should the client default. The Company includes all direct costs related to the writing and fulfillment of bonds (dismissal or payment) in costs of revenues including bond fees, forfeitures, bounty fees, direct liability insurance costs, and direct labor and office costs. |
Note_1_Organization_Operations8
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Advertising Costs (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Advertising Costs | ' |
Advertising costs | |
Advertising costs are expensed as incurred. The Company incurred advertising costs in 2013 and 2012, of $17,990 and $28,042, respectively. |
Note_1_Organization_Operations9
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Income Tax (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Income Tax | ' |
Income tax | |
The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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. |
Recovered_Sheet1
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Net Income (loss) Per Share | ' |
Net income (loss) per share | |
The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share. During the years ended December 31, 2013 and 2012, no potentially dilutive debt or equity instruments were issued or outstanding. |
Recovered_Sheet2
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Financial Instruments (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Financial Instruments | ' |
Financial Instruments | |
The carrying value of the Company's financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturities. |
Recovered_Sheet3
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Long-lived Assets (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Long-lived Assets | ' |
Long-Lived Assets | |
In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value. |
Recovered_Sheet4
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Products and Services, Geographic Areas and Major Customers (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Products and Services, Geographic Areas and Major Customers | ' |
Products and services, geographic areas and major customers | |
The Company earns revenue from writing bail bonds, and has no other separate lines of business. All premiums in 2013 and 2012 were earned domestically and written to external customers. No one customer accounted for over 10% of premiums. |
Recovered_Sheet5
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Reclassifications (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Reclassifications | ' |
Reclassifications | |
Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 presentation. |
Note_4_Income_Taxes_Schedule_o
Note 4. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Tables/Schedules | ' | ||
Schedule of Effective Income Tax Rate Reconciliation | ' | ||
Year ended December 31, 2013 | Year Ended December 31, 2012 | ||
Tax at federal statutory rate (15%) | $1,064 | ($895) | |
State income tax (5%) | 252 | -299 | |
Meals & entertainment | 691 | 706 | |
Revenue estimates | -977 | 1,681 | |
Expense estimates | 0 | 810 | |
Tax rate estimate | 0 | -27 | |
Net operating loss carryforward | 0 | -766 | |
Total | $1,030 | $1,210 |
Recovered_Sheet6
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Collateral (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Collateral funds held | $82,459 | $23,100 |
Recovered_Sheet7
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Property and Equipment (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Depreciation | $570 | $2,609 |
Recovered_Sheet8
Note 1. Organization, Operations and Summary of Significant Accounting Policies: Advertising Costs (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Advertising Revenue Cost | $17,990 | $28,042 |
Note_2_Related_Party_Transacti1
Note 2. Related Party Transactions (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Related party agent fees | $75,775 | $65,174 |
Related Party Transaction, Due from (to) Related Party | ' | $10,276 |
Note_3_Restricted_Reserves_Det
Note 3. Restricted Reserves (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Buildup fund balance | $220,444 | $178,015 |
Note_4_Income_Taxes_Schedule_o1
Note 4. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | $1,064 | ($895) |
Current State and Local Tax Expense (Benefit) | 252 | -299 |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Meals and Entertainment, Amount | 691 | 706 |
Revenue estimates | -977 | 1,681 |
Expense estimates | 0 | 810 |
Tax rate estimate | 0 | -27 |
Net operating loss carryforward | 0 | -766 |
Total Income Tax Reconciliation | $1,030 | $1,210 |
Note_5_Leases_Details
Note 5. Leases (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Rent | $10,926 | $9,600 |
Note_6_Notes_Payable_Related_P1
Note 6. Notes Payable, Related Parties (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Notes Payable, Related Parties | $108,000 | $75,000 |
Accrued interest payable | 16,873 | 10,477 |
Interest Expense | $6,396 | $3,644 |
Note_7_Subsequent_Events_Detai
Note 7. Subsequent Events (Details) (USD $) | Jan. 31, 2014 |
Details | ' |
Shareholder advance | $30,000 |