Statements of Operations (Unaudited) (USD $) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Revenue | ||||
| Management fees, related parties | $ 11,250 | $ 31,222 | $ 73,750 | $ 93,521 |
| Total Revenue | 11,250 | 31,222 | 73,750 | 93,521 |
| Operating Expenses | ||||
| Sales, general and administrative expense | 13,269 | 9,975 | 34,912 | 37,917 |
| Total operating expenses | 13,269 | 9,975 | 34,912 | 37,917 |
| Net income from operations | (2,019) | 21,247 | 38,838 | 55,604 |
| Other income/(expense) | ||||
| Interest income | 99 | 209 | 350 | 748 |
| Net income before income taxes | (1,920) | 21,456 | 39,188 | 56,352 |
| Provision for income taxes | (1,808) | 0 | 7,421 | 0 |
| Net income | $ (112) | $ 21,456 | $ 31,767 | $ 56,352 |
| Basic and diluted income per share | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.01 |
| Basic and diluted weighted average common shares outstanding | 9,106,250 | 9,106,250 | 9,106,250 | 9,106,250 |
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.
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