Galenfeha (NGHI) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 14, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Trading Symbol	'gale	'
Entity Registrant Name	'Galenfeha, Inc.	'
Entity Central Index Key	'0001574676	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	77,812,000
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$134,752	$73,480
Accounts receivable	27,500	0
Inventory	231,508	0
Prepaid rent	2,550	0
Due from officer	8,695	8,695
Total current assets	405,005	82,175
FIXED ASSETS, net of $4,431 and $827 accumulated depreciation	82,444	10,060
OTHER ASSETS	500	250
TOTAL ASSETS	487,949	92,485
CURRENT LIABILITIES	'	'
Accounts payable and accrued liabilities	37,603	5,180
Total liabilities	37,603	5,180
COMMITTMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS' EQUITY	'	'
Common stock subscribed	0	22,500
Capital stock Authorized: 500,000,000 common shares, $0.001 par value Issued and outstanding shares: 77,812,000 shares at September 30, 2014 and 51,252,000 shares at December 31, 2013	77,812	51,252
Additional paid-in capital	784,988	150,048
Accumulated deficit	-412,454	-136,495
Total stockholders' equity	450,346	87,305
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$487,949	$92,485

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$4,431	$827
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares, Issued	77,812,000	51,252,000
Common Stock, Shares, Outstanding	77,812,000	51,252,000

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2014
Revenues:	$156,500	$0	$0	$164,500
Cost of Sales	102,030	0	0	112,071
Gross Profit	54,470	0	0	52,429
Expenses:	'	'	'	'
General and administrative	65,067	33,531	51,983	132,626
Payroll expenses	93,586	0	0	132,290
Professional fees	5,732	2,979	15,979	37,542
Engineering research and development	0	12,262	12,262	22,350
Depreciation expense	1,663	275	552	3,604
Total expenses	166,048	49,047	80,776	328,412
Loss from continuing operations	-111,578	-49,047	-80,776	-275,983
Other (expense) income	'	'	'	'
Interest income	10	16	23	46
Interest expense	-22	0	0	-22
Total other (expense)	-12	16	23	24
Net loss	($111,590)	($49,031)	($80,753)	($275,959)
Net (loss) per share basic and diluted	$0	$0	$0	$0
Weighted average number of common shares outstanding, basic and diluted	77,812,000	50,699,826	47,563,192	67,643,722

CONDENSED_STATEMENT_OF_CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (USD $)	Common Stock [Member]	Common Stock Subscribed [Member]	Additional Paid-in Capital [Member]	Deficit Accumulated during Development Stage [Member]	Total
Beginning Balance at Mar. 14, 2013	'	'	'	'	'
Common shares issued for cash and assets at $0.001 per share	$45,000	'	'	'	$45,000
Common shares issued for cash and assets at $0.001 per share (Shares)	45,000,000	'	'	'	'
Common shares issued for cash at $0.025 per share	6,252	'	150,048	'	156,300
Common shares issued for cash at $0.025 per share (Shares)	6,252,000	'	'	'	'
Common shares subscribed	'	22,500	'	'	22,500
Loss for the period from inception on March 14, 2013 to December 31, 2013	'	'	'	-136,495	-136,495
Ending Balance at Dec. 31, 2013	51,252	22,500	150,048	-136,495	87,305
Ending Balance (Shares) at Dec. 31, 2013	51,252,000	'	'	'	'
Common shares issued for cash at $0.025 per share	25,160	'	603,840	'	629,000
Common shares issued for cash at $0.025 per share (Shares)	25,160,000	'	'	'	'
Common shares issued for cash at $0.020 per share	500	'	9,500	'	10,000
Common shares issued for cash at $0.020 per share (Shares)	500,000	'	'	'	'
Issuance of subscribed shares	900	-22,500	21,600	'	'
Issuance of subscribed shares (Shares)	900,000	'	'	'	'
Loss for the period from inception on March 14, 2013 to December 31, 2013	'	'	'	-275,959	-275,959
Ending Balance at Sep. 30, 2014	$77,812	'	$784,988	($412,454)	$450,346
Ending Balance (Shares) at Sep. 30, 2014	77,812,000	'	'	'	'

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014
OPERATING ACTIVITIES	'	'
Net loss	($80,753)	($275,959)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	552	3,604
Changes in Operating Assets and Liabilities:	'	'
Increase in accounts receivable	0	-27,500
Increase in inventory	0	-231,508
Increase in prepaid expenses and other assets	-250	-2,800
Increase in accounts payable and accrued liabilities	8,000	32,423
Net cash used in operating activities	-72,451	-501,740
INVESTING ACTIVITIES	'	'
Purchase of fixed assets	-8,387	-75,988
Net cash used in financing activities	-8,387	-75,988
FINANCING ACTIVITIES	'	'
Advance to officer	-8,695	0
Sale of capital stock	198,800	639,000
Net cash provided by financing activities	190,105	639,000
INCREASE IN CASH	109,267	61,272
CASH AT BEGINNING OF PERIOD	0	73,480
CASH AND CASH EQUIVALENTS AT END OF PERIOD	109,267	134,752
SUPPLEMENTAL INFORMATION AND NON- MONETARY TRANSACTIONS	'	'
Assets contributed for common stock	2,500	0
Cash paid for:	'	'
Interest expense	0	22
Income taxes	$0	$0

NATURE_OF_BUSINESS

NATURE OF BUSINESS	9 Months Ended
	Sep. 30, 2014
NATURE OF BUSINESS [Text Block]	'
	NOTE 1 - NATURE OF BUSINESS
	The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2013 audited financial statements included in its Form 10-K filed with the Securities and Exchange Commission. The results of operations for the period ended September 30, 2014 and the same period last year are not necessarily indicative of the operating results for the full years.
	Galenfeha incorporated in the State of Nevada on March 14, 2013, as a for-profit company with a fiscal year end of December 31. Our business office is located at 2705 Brown Trail, Suite 100, Bedford, Texas 76021. We are an engineering company who will be providing engineering services and an alternative power product mainly to natural gas producers. Not only will we be providing contractual engineering services, we hope to implement our new and proprietary technology in a new product, and provide this product to natural gas producers.
	Our intended revenue stream will come from our contractual engineering services and products we develop and manufacture for natural gas producers, initially in the states of Texas and Louisiana. Our engineering services and product will reduce our customer’s cost associated with current energy production, including carbon footprint, hazardous waste, and other non-sustainable aspects of producing energy with current technologies. Since we are presently in the development stage of our business, we can provide no assurance that we will successfully develop and sell any product or services related to our planned activities.

GOING_CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2014
GOING CONCERN [Text Block]	'
	NOTE 2 - GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period ended September 30, 2014, the Company had limited operations and had not emerged from the development stage. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to begin operations and to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of equity securities with some additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	'
	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	BASIS OF PRESENTATION
	The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States (See Note 2 regarding the assumption that the Company is a “going concern”).
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. These estimates and assumptions also affect the reported amounts of revenues, costs and expenses during the reporting period. Management evaluates these estimates and assumptions on a regular basis. Actual results could differ from those estimates.
	REVENUE RECOGNITION
	The Company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed and determinable price with a reasonable assurance of collection, passage of title to the customer as indicated by shipping terms and fulfillment of all significant obligations, pursuant to the guidance provided by Accounting Standards Codification (“ASC”) Topic 605. For sales to all customers, including manufacturer representatives, distributors or their third-party customers, these criteria are met at the time product is shipped. When other significant obligations remain after products are delivered, revenue is recognized only after such obligations are fulfilled. In addition, judgments are required in evaluating the credit worthiness of our customers. Credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured. The Company estimates customer product returns based on historical return patterns and reduces sales and cost of sales accordingly. As of September 30, 2014, 100% of sales were to a single customer.
	CASH AND CASH EQUIVALENTS
	All cash, other than held in escrow, 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. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents. Cash at September 30, 2014 and December 31, 2013 was $134,752 and $73,480, respectively.
	ACCOUNTS RECEIVABLE
	Accounts receivable represents the uncollected portion of amounts recorded as revenues. Management performs periodic analyses to evaluate all outstanding accounts receivable to estimate an allowance for doubtful accounts that may not be collectible, based on the best facts available to management. Management considers historical collection patterns, accounts receivable aging trends and specific identification of disputed invoices in its analyses. After all reasonable attempts to collect a receivable have failed, the receivable is directly written off. As of September 30, 2014 and December 31, 2013, the balance of the allowance for doubtful accounts was $0 and $0, respectively.
	As of September 30, 2014, accounts receivable from one customer comprised 100% of total accounts receivable for a sales made in the quarter ended September 30, 2014.
	INVENTORIES
	Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. As of September 30, 2014, all work in process inventory assembled had been sold and only cost of materials and freight-in are included in raw material inventory.
	PROPERTY
	Property, plant and equipment is recorded at cost. Depreciation is computed using the straight-line method over estimated useful lives of three to seven years for furniture, fixtures, and equipment. Expenditures for repairs and maintenance are charged to expense as incurred.
	RESEARCH AND DEVELOPMENT COSTS
	Research and development costs, predominately internal labor costs and costs of materials, are charged to expense when incurred.
	SHIPPING AND HANDLING CHARGES
	The Company incurs costs related to shipping and handling of its manufactured products. These costs are expensed as incurred as a component of cost of sales. Shipping and handling charges related to the receipt of raw materials are also incurred, which are recorded as a cost of the related inventory.
	NET INCOME (LOSS) PER COMMON SHARE
	Net income (loss) per share is calculated in accordance with FASB ASC topic, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised.
	Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at September 30, 2014. As of September 30, 2014, the Company had no dilutive potential common shares.
	FAIR VALUE ACCOUNTING
	As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	The three levels of the fair value hierarchy are described below:
	Level 1           Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
	Level 2           Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;
	Level 3           Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).
	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
	In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, "Consolidation” (“ASU 2014-10”). The amendments in ASU 2014-10 remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from accounting principles generally accepted in the United States of America (“U.S. GAAP”). In addition, the amendments eliminate the requirements for development stage entities to: (i) present inception-to-date information in the statements of income, cash flows, and shareholder equity; (ii) label the financial statements as those of a development stage entity; (iii) disclose a description of the development stage activities in which the entity is engaged; and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The presentation and disclosure requirements in ASC Topic 915, "Development Stage Entities" are no longer required for interim and annual reporting periods beginning after December 15, 2014. The revised consolidation standards will take effect in annual periods beginning after December 15, 2015, however, early adoption is permitted. The Company has elected to early adopt the provisions of ASU 2014-10 for this unaudited condensed consolidated financial statements.
	Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company’s present or future financial statements.

SHAREHOLDERS_EQUITY

SHAREHOLDERS EQUITY	9 Months Ended
	Sep. 30, 2014
SHAREHOLDERS EQUITY [Text Block]	'
	NOTE 4 - SHAREHOLDERS’ EQUITY
	COMMON STOCK
	The authorized common stock of the Company consists of 500,000,000 shares with a par value of $0.001.
	On March 11, 2014, the Company sold 500,000 shares at the fixed price of $0.02 to an employee of the Company for $10,000.
	On April 17, 2013, the Company filed with the Securities and Exchange Commission an exemption from registration offering on Form D. The offering was closed on April 17, 2014. During this private offering, the Company issued 32,312,000 shares that were subscribed in the one year period at a fixed price of $.025 per share for total proceeds of $807,800.
	There are no warrants or options outstanding to acquire any additional shares of common stock of the Company.
	There are no warrants or options outstanding to acquire any additional shares of common stock of the Company.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES [Text Block]	'
	NOTE 5 - COMMITMENTS AND CONTINGENCIES
	The Company entered into a lease agreement for office and research facilities in Texas. One lease is for five years at $24,000 per year beginning September 20, 2013. The second lease is for $10,200 per year for 24 months beginning in June 2014. The lease commitments for the facilities are:
	Year
	Ended		Amount
	2014	$	8,550
	2015		34,200
	2016		27,400
	2017		24,000
	2018		11,750
		$	105,900
	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.

Recovered_Sheet1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
BASIS OF PRESENTATION [Policy Text Block]	'
	BASIS OF PRESENTATION
	The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States (See Note 2 regarding the assumption that the Company is a “going concern”).
USE OF ESTIMATES [Policy Text Block]	'
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. These estimates and assumptions also affect the reported amounts of revenues, costs and expenses during the reporting period. Management evaluates these estimates and assumptions on a regular basis. Actual results could differ from those estimates.
REVENUE RECOGNITION [Policy Text Block]	'
	REVENUE RECOGNITION
	The Company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed and determinable price with a reasonable assurance of collection, passage of title to the customer as indicated by shipping terms and fulfillment of all significant obligations, pursuant to the guidance provided by Accounting Standards Codification (“ASC”) Topic 605. For sales to all customers, including manufacturer representatives, distributors or their third-party customers, these criteria are met at the time product is shipped. When other significant obligations remain after products are delivered, revenue is recognized only after such obligations are fulfilled. In addition, judgments are required in evaluating the credit worthiness of our customers. Credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured. The Company estimates customer product returns based on historical return patterns and reduces sales and cost of sales accordingly. As of September 30, 2014, 100% of sales were to a single customer.
CASH AND CASH EQUIVALENTS [Policy Text Block]	'
	CASH AND CASH EQUIVALENTS
	All cash, other than held in escrow, 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. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents. Cash at September 30, 2014 and December 31, 2013 was $134,752 and $73,480, respectively.
ACCOUNTS RECEIVABLE [Policy Text Block]	'
	ACCOUNTS RECEIVABLE
	Accounts receivable represents the uncollected portion of amounts recorded as revenues. Management performs periodic analyses to evaluate all outstanding accounts receivable to estimate an allowance for doubtful accounts that may not be collectible, based on the best facts available to management. Management considers historical collection patterns, accounts receivable aging trends and specific identification of disputed invoices in its analyses. After all reasonable attempts to collect a receivable have failed, the receivable is directly written off. As of September 30, 2014 and December 31, 2013, the balance of the allowance for doubtful accounts was $0 and $0, respectively.
	As of September 30, 2014, accounts receivable from one customer comprised 100% of total accounts receivable for a sales made in the quarter ended September 30, 2014.
INVENTORIES [Policy Text Block]	'
	INVENTORIES
	Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. As of September 30, 2014, all work in process inventory assembled had been sold and only cost of materials and freight-in are included in raw material inventory.
PROPERTY [Policy Text Block]	'
	PROPERTY
	Property, plant and equipment is recorded at cost. Depreciation is computed using the straight-line method over estimated useful lives of three to seven years for furniture, fixtures, and equipment. Expenditures for repairs and maintenance are charged to expense as incurred.
RESEARCH AND DEVELOPMENT COSTS [Policy Text Block]	'
	RESEARCH AND DEVELOPMENT COSTS
	Research and development costs, predominately internal labor costs and costs of materials, are charged to expense when incurred.
SHIPPING AND HANDLING CHARGES [Policy Text Block]	'
	SHIPPING AND HANDLING CHARGES
	The Company incurs costs related to shipping and handling of its manufactured products. These costs are expensed as incurred as a component of cost of sales. Shipping and handling charges related to the receipt of raw materials are also incurred, which are recorded as a cost of the related inventory.
NET INCOME (LOSS) PER COMMON SHARE [Policy Text Block]	'
	NET INCOME (LOSS) PER COMMON SHARE
	Net income (loss) per share is calculated in accordance with FASB ASC topic, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised.
	Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at September 30, 2014. As of September 30, 2014, the Company had no dilutive potential common shares.
FAIR VALUE ACCOUNTING [Policy Text Block]	'
	FAIR VALUE ACCOUNTING
	As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	The three levels of the fair value hierarchy are described below:
	Level 1           Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
	Level 2           Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;
	Level 3           Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS [Policy Text Block]	'
	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
	In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, "Consolidation” (“ASU 2014-10”). The amendments in ASU 2014-10 remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from accounting principles generally accepted in the United States of America (“U.S. GAAP”). In addition, the amendments eliminate the requirements for development stage entities to: (i) present inception-to-date information in the statements of income, cash flows, and shareholder equity; (ii) label the financial statements as those of a development stage entity; (iii) disclose a description of the development stage activities in which the entity is engaged; and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The presentation and disclosure requirements in ASC Topic 915, "Development Stage Entities" are no longer required for interim and annual reporting periods beginning after December 15, 2014. The revised consolidation standards will take effect in annual periods beginning after December 15, 2015, however, early adoption is permitted. The Company has elected to early adopt the provisions of ASU 2014-10 for this unaudited condensed consolidated financial statements.
	Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company’s present or future financial statements.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Year
	Ended		Amount
	2014	$	8,550
	2015		34,200
	2016		27,400
	2017		24,000
	2018		11,750
		$	105,900

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies 1	100.00%
Summary Of Significant Accounting Policies 2	$134,752
Summary Of Significant Accounting Policies 3	73,480
Summary Of Significant Accounting Policies 4	0
Summary Of Significant Accounting Policies 5	$0
Summary Of Significant Accounting Policies 6	100.00%

SHAREHOLDERS_EQUITY_Narrative_

SHAREHOLDERS EQUITY (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Shareholders Equity 1	500,000,000
Shareholders Equity 2	$0.00
Shareholders Equity 3	500,000
Shareholders Equity 4	0.02
Shareholders Equity 5	10,000
Shareholders Equity 6	32,312,000
Shareholders Equity 7	$0.03
Shareholders Equity 8	$807,800

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Narrative) (Details)	9 Months Ended
	Sep. 30, 2014
	M
Commitments And Contingencies 1	24,000
Commitments And Contingencies 2	10,200
Commitments And Contingencies 3	24

Schedule_of_Future_Minimum_Ren

Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 1	$8,550
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 2	34,200
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 3	27,400
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 4	24,000
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 5	11,750
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 6	$105,900