Annual report pursuant to section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Investment measured at fair value on a recurring basis
    Fair Value Measurements Using:  
   

Quoted Prices

in Active

Markets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
                   
Marketable securities – available for sale, net of discount for effect of restriction   $ -     $ -     $ 12,500  
                         
Computation of basic and diluted loss per share
    For the Year ended December 31, 2012    

For the period from inception,

April 30, 2011 to

December 31, 2011

 
Numerator:            
Loss from continuing operations   $ (5,527,637 )   $ (9,848 )
Loss from discontinued operations   $ (1,410,671 )   $ (99,474)  
                 
Denominator:                
Denominator for basic and diluted loss per share                
(weighted-average shares)     36,238,712       7,469,388  
                 
Loss per common share, basic and diluted:                
Loss from continuing operations   $ (0.15 )   $ ( 0.00 )
Loss from discontinued operations   $ (0.04 )   $ (0.01 )