Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Jun. 30, 2013 | |
Document and Entity Information | ' | ' |
Entity Registrant Name | 'RECEIVABLE ACQUISITION & MANAGEMENT CORP | ' |
Document Type | '10-K | ' |
Document Period End Date | 31-Dec-13 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000733337 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | 196,513,959 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'FY | ' |
Entity Public Float | ' | $3,514,551 |
BALANCE_SHEET
BALANCE SHEET (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
CURRENT ASSETS | ' | ' |
Cash | $347,877 | $3,415 |
Accounts receivable | 203,445 | 412,737 |
Prepaid expenses and deposits | 69,319 | ' |
Total current assets | 620,641 | 416,152 |
Intangible asset - license agreement | 242,509 | ' |
TOTAL ASSETS | 863,150 | 416,152 |
CURRENT LIABILITIES | ' | ' |
Accounts payable and accrued expenses | 573,053 | 115,490 |
Due to Licensor | 187,000 | ' |
Advances Payable | 17,833 | 2,000 |
Total current liabilities | 777,886 | 117,490 |
TOTAL LIABILITIES | 777,886 | 117,490 |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock value | 196,514 | ' |
Additional paid-in capital | 96,550 | ' |
Retained earnings (deficit) and adjustments | -207,800 | 298,662 |
Total stockholders' equity | 85,264 | 298,662 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $863,150 | $416,152 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Balance Sheet | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 325,000,000 | 325,000,000 |
Common stock, shares issued | 196,513,959 | ' |
Common stock, shares outstanding | 196,513,959 | ' |
STATEMENT_OF_OPERATIONS
STATEMENT OF OPERATIONS (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
INCOME | ' | ' |
Project management | $992,195 | $709,024 |
Other | ' | 2,013 |
Total income | 992,195 | 711,037 |
EXPENSES | ' | ' |
Consulting fees | 842,730 | 419,054 |
General and administrative | 48,652 | 28,164 |
Legal and other professional fees | 252,266 | 256 |
Total expenses | 1,143,648 | 447,474 |
NET INCOME (LOSS) | ($151,453) | $263,563 |
NET INCOME (LOSS) PER COMMON SHARE | $0 | $0 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 188,904,750 | 176,390,063 |
STATEMENT_OF_STOCKHOLDERS_EQUI
STATEMENT OF STOCKHOLDERS' EQUITY (USD $) | Common Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | Total Stockholders' Equity |
Beginning Balance, amount at Dec. 31, 2012 | ' | ' | $298,662 | $298,662 |
Distributions | ' | ' | -243,484 | -243,484 |
Shares issued in reverse merger, shares | 176,390,063 | ' | ' | ' |
Shares issued in reverse merger, value | 176,390 | ' | -92,351 | 84,039 |
Reverse merger adjustment, shares | 19,173,896 | ' | ' | ' |
Reverse merger adjustment, value | 19,174 | ' | -19,174 | ' |
Shares issued in in exchange for consulting services, shares | 950,000 | ' | ' | ' |
Shares issued in in exchange for consulting services, value | 950 | 94,050 | 94,050 | 95,000 |
Contributed capital | ' | 2,500 | ' | 2,500 |
Net income for the period | ' | ' | -151,453 | -151,453 |
Ending Balance, amount at Dec. 31, 2013 | $196,514 | $96,550 | ($207,800) | $85,264 |
Ending Balance, shares at Dec. 31, 2013 | 196,513,959 | ' | ' | ' |
STATEMENT_OF_CASH_FLOWS
STATEMENT OF CASH FLOWS (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income (loss) | ($151,453) | $263,563 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Shares issued for consulting services | 47,500 | ' |
Amortization - license agreement | 6,200 | ' |
Changes in assets and liabilities: | ' | ' |
Accounts receivable | 209,292 | 52,341 |
Accounts payable and accrued expenses | 457,563 | 22,326 |
Prepaid expenses | -21,819 | ' |
License agreement payments | -13,000 | ' |
Total adjustments | 685,736 | 74,667 |
Net cash provided by operating activities | 534,283 | 338,230 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Cash received from reverse merger acquisition | 53,929 | ' |
Net cash proveded by investing activities | 53,929 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Distributions | 243,484 | 336,815 |
Advances payable | -2,766 | 2,000 |
Contributed capital | 2,500 | ' |
Net cash used by financing activities | -243,750 | -334,815 |
NET INCREASE IN CASH | 344,462 | 3,415 |
CASH, BEGINNING OF PERIOD | 3,415 | ' |
CASH, END OF PERIOD | 347,877 | 3,415 |
NON CASH INVESTING ACTIVITY | ' | ' |
Shares issued for license agreement | $48,709 | ' |
Organization_and_Nature_of_Bus
Organization and Nature of Business | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Organization and Nature of Business | ' |
1. Organization and Nature of Business | |
Receivable Acquisition and Management Corporation (the “Company” or “RAMCO”), a public reporting entity, was in the business to purchase, manage and collect defaulted consumer receivables. RAMCO ceased investments in distressed consumer credit portfolios in September 2007 and since then was in the process of running off existing portfolios. | |
Sustainable Energy LLC (Sustainable LLC) is a New York Limited Liability Company formed on July 26, 2010. Sustainable LLC is involved in developing and improving the efficiency of energy infrastructure using a combination of traditional and advanced technologies. On March 29, 2013, Sustainable LLC contributed certain assets and liabilities into a newly formed entity, Sustainable Energy Industries, Inc. (Sustainable). At the time, Sustainable LLC had only a license agreement with third party and limited asset, liabilities and operations. | |
Cornerstone Program Advisors LLC, (Cornerstone) is a Delaware limited liability company formed on January 5, 2009. The Company is an energy infrastructure project management company focused on healthcare and higher learning institutions. | |
On March 29, 2013, RAMCO entered into a definitive reverse merger agreement (“the agreement”) with Cornerstone and Sustainable. Under the terms of the agreement, RAMCO entered into a voluntary share exchange transaction with Cornerstone and Sustainable whereby approximately 176,400,000 shares of RAMCO’s common stock, representing approximately 90% of all issued and outstanding shares, were issued to the members and shareholders of the Cornerstone and Sustainable and in exchange, RAMCO acquired the entire membership interest in the Cornerstone and all the issued and outstanding shares of Sustainable. At the closing of the agreement on May 15, 2013, the management of Cornerstone and that of Sustainable assumed control of the RAMCO’s operations. | |
The Merger was accounted for as a reverse merger using the purchase method of accounting, with the former members and shareholders of Cornerstone and Sustainable controlling approximately 90% of the issued and outstanding common shares of RAMCO after the closing of the transaction. Cornerstone was deemed to be the acquirer for accounting purposes and the financial statements are presented as a continuation of Cornerstone and include the results of operations of Cornerstone since incorporation on January 9, 2009, and the results of operations of the RAMCO and Sustainable since the date of acquisition on May 15, 2013. Also in August 2013, the Company changed its year end from September 30 to December 31. | |
Following the Merger, the Company adopted a business plan to build on the business of Cornerstone and Sustainable in energy infrastructure and alternative energy. |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Significant Accounting Policies | ' |
2. Significant Accounting Policies | |
Basis of Presentation and Use of Estimates | |
The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates required to be made by management include valuation of shares issued for services, recognition of income for work completed and unbilled to customers, and the allowance for doubtful accounts. Actual results could differ from those estimates. | |
The Company believes that funds generated from operations, together with existing cash and cash infusions by major stockholders, will be sufficient to finance its operations for the next twelve months, but are likely to be insufficient to fund its contractual obligation and to fund growth. The Company will be seeking an initial round of additional capital to cover any working capital needs and its contractual obligation, and to fund growth initiatives in its identified markets. However, there can be no assurance that any new debt or equity financing arrangement will be available to the Company when needed on acceptable terms, if at all. The continued operations of the Company are dependent on its ability to collect its receivables and increase revenues. | |
Cash | |
The Company continually monitors its positions with, and the credit quality of, the financial institutions it invests with. From time to time, however briefly, the Company maintains balances in operating accounts in excess of federally insured limits. | |
Accounts Receivable | |
Receivables are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. At December 31, 2013, no allowance for doubtful accounts has been provided. | |
Income Recognition | |
The Company recognizes income for the sale of services and products when persuasive evidence of an arrangement exists, services have been rendered or delivery has occurred, the fee is fixed or determinable and the collectability of the related income is reasonably assured. | |
The Company principally derives income from fees for services generated on a project-by-project basis. Prior to the commencement of a project, the Company reaches agreement with the client on rates for services based upon the scope of the project, staffing requirements and the level of client involvement. It is the Company’s policy to obtain written agreements from new clients prior to performing services. In these agreements, the clients acknowledge that they will pay based upon the amount of time spent on the project or an agreed-upon fee structure. Income for services rendered is recognized on a time and materials basis or on a fixed-fee or capped-fee basis in accordance with accounting and disclosure requirements for income recognition. | |
Fees for services that have been performed, but for which the Company has not invoiced the customers are recorded as unbilled receivables. | |
Income for time and materials contracts are recognized based on the number of hours worked by the Company’s subcontractors at an agreed upon rate per hour, and are recognized in the period in which services are performed. Income for time and materials contracts is billed monthly or in accordance with the specific contractual terms of each project. | |
License Agreement | |
The cost of the license agreement (see Note 4) is being amortized on a straight-line basis over 20 years. The license agreement is reflected in the accompanying December 31, 2013 balance sheet net of accumulated amortization of $6,200. | |
Income Taxes | |
The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by the tax authorities. Management has analyzed the Company’s tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years (2009 - 2012). | |
Basic and Diluted Net Income (Loss) per Share | |
The Company computes income (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted income (loss) per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. | |
The Company has no potential dilutive instruments and accordingly basic income (loss) and diluted income per share are the same. | |
The weighted average number of shares used in computing the income (loss) per share has been adjusted to give effect to the reverse merger described in Note 1. | |
Subsequent Events | |
Management has evaluated subsequent events for disclosure and/or recognition in the financial statements through the date that the financial statements were available to be issued. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Related Party Transactions | ' |
3. Related Party Transactions | |
Consulting Fees | |
Certain stockholders of the Company and entities affiliated with management perform services to customers and were compensated at various rates. Total consulting expenses incurred by these entities amounted to $842,730 and $419,054 for the year ended December 31, 2013 and 2012, respectively. | |
Advances Payable | |
The advances payable are due to officers of the Company with no specified repayment terms. |
License_Agreement_Note
License Agreement, Note | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
License Agreement, Note | ' |
4. License Agreement | |
On November 15, 2012, Sustainable LLC entered into a renewable 20-year engine technology license agreement (the “Agreement”) with a third party licensor (the “Licensor”) that developed engines capable of converting low grade heat into other forms of energy. Under the terms of the Agreement, Sustainable LLC obtained certain exclusive license rights in the engines developed by the Licensor which would permit Sustainable LLC to develop, manufacture and integrate such engines into its projects. | |
The exclusive market rights of the Agreement provide that Sustainable LLC make a cash payment of $200,000 and issue common stock representing a small minority ownership position in the Company, along with periodic quarterly payments of $25,000 commencing six months after the initial $200,000 payment. These payments reset to $50,000 per quarter after three payments, and are subject to further resets to up to $100,000 depending on engine sales volume. Under certain circumstances, engine royalty fees and referral fees can increase the quarterly payment from time to time. In the event of non-payment, Sustainable retains a non-exclusive license subject to royalty fees. | |
On May 15, 2013, in connection with the Merger (see Note 1), the Company, after acquiring 100% ownership interest in Sustainable, issued 2,435,430 shares to the Licensor which represents the small minority position in the Company as required under the terms of the Agreement. At the time of issuance, these shares were valued at $48,709 representing the fair value of the RAMCO shares. | |
In addition, during the year ended December 31, 2013, the Company made payments of $13,000 that were applied against the initial $200,000 due under the terms of the Agreement. | |
In connection with a November 5, 2013, proceeding commenced by the Securities Division of the Arizona Corporation Commission (the “ACC”) the Company learned that the Licensor had been classified as dissolved by the Delaware Division of Corporations after March 1, 2010 for failure to pay franchise taxes to the State of Delaware, and similarly classified by the ACC as of approximately the same time. | |
In performing due diligence in regard to the status of the Licensor, the Company subsequently learned also that two United States patents that were licensed to the Company under the Agreement have been classified as expired due to the Licensor’s failure to pay maintenance fees thereon. The Company has confirmed that Licensor is taking immediate steps to have the corporate charters of each, as well as the patents, reinstated, but may not be successful in such reinstatements, and is in discussions with the Licensor regarding these matters. | |
To the best of the Company’s knowledge at present, none of these issues presents a near-term hindrance to the Company’s continued focus on establishing and growing its engine technology business. | |
Pursuant to the Agreement, the Company has obtained previously described rights to all forms of intellectual property covering certain engine technology that is the subject of the Agreement and is not relying on the two U.S. patents to be reinstated in order to maintain the ability and know-how to use such technology. To the Company’s best knowledge at the current time, international patent rights remain intact. However, at this time, there can be no assurance that the foregoing matters could not have a material adverse effect on the Company’s operations. | |
The accompanying December 31, 2013 balance sheet presents the carrying value of the license fee at $242,509, consisting of the $200,000 required payments due under the Agreement and $48,709, representing the fair value of shares issues to the Licensor, net of $6,200 in accumulated amortization. In addition, the accompanying balance reflects $187,000 due to the Licensor, representing the remaining liability from the initial $200,000 required payment. | |
The Company periodically performs an analysis of its contractual rights and arrangements and establishes asset value based on that analysis. |
Concentrations_Note
Concentrations, Note | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Concentrations, Note | ' |
5. Concentrations | |
The Company grants credit in the normal course of business to its customers. The Company periodically performs credit analysis and monitors the financial condition of its customers to reduce credit risk. | |
Two customers accounted for 63.7% and 37.3% during the year ended December 31, 2013, and two customers accounted for 81.0% and 19.0% during the year ended December 31, 2012, respectively, of total project management income. | |
Two customers accounted for 77.9% and 22.1% of total accounts receivable at December 31, 2013. |
Stock_Issuance_Note
Stock Issuance, Note | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Stock Issuance, Note | ' |
6. Stock Issuance | |
In July 2013, the Company issued 950,000 shares of common stock to a public relations consultant as compensation for services rendered and to be rendered. Additional shares were authorized in December 2013 for issuance to various parties for services rendered. The Company issued 975,000 shares of Common Stock during the first quarter of 2014, valued at $31,750, for professional services. |
Commitments_Note
Commitments, Note | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Commitments, Note | ' |
7. Commitments | |
The Company entered into an agreement with Thomas Telegades, the President, Chief Executive Officer, Interim Chief Financial Officer, and Director of the Company, under which Mr. Telegades shall serve on a full-time basis as Chief Executive Officer for a three year term beginning on May 15, 2013. The agreement specifies that Mr. Telegades shall be paid an annual compensation of up to $150,000 for his services. The agreement includes non-competition and non-solicitation provisions which expire the later of three years from May 15, 2013, or one year following his termination or voluntary resignation. | |
The Company entered into an agreement with Peter Fazio, the Chief Operating Officer and Director of the Company, under which Mr. Fazio shall serve on a full-time basis as Chief Operating Officer of the Company for a three year term beginning on May 15, 2013. The agreement specifies that Mr. Fazio shall be paid annual compensation of up to $150,000 for his services. The agreement includes non-competition and non-solicitation provisions which expire the latter of three years from May 15, 2013, or one year following his termination or voluntary resignation. | |
For 2013, no amounts were paid to these officers nor were any amounts accrued for. |
Income_Taxes_Note
Income Taxes, Note | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Income Taxes, Note | ' |
8. Income Taxes | |
There was no provision for income tax for the years ended December 31, 2013 and 2012. The Company files a consolidated federal income tax return. | |
The difference between the basis of assets and liabilities for financial and income tax reporting are not considered material. There were approximately $800,000 in net operating loss carryforwards for the year ended December 31, 2013, representing a potential deferred tax asset. For net operating losses prior to the Merger, net operating loss carryforwards are subject to limitations as a result of a change in ownership as defined by IRC Section 382. Upon an assessment of the potential of realizing these deferred tax assets in the future, an offsetting valuation allowance has been established for the full amount of the deferred tax assets. |
Significant_Accounting_Policie1
Significant Accounting Policies: Basis of Presentation and Use of Estimates (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Basis of Presentation and Use of Estimates | ' |
Basis of Presentation and Use of Estimates | |
The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates required to be made by management include valuation of shares issued for services, recognition of income for work completed and unbilled to customers, and the allowance for doubtful accounts. Actual results could differ from those estimates. | |
The Company believes that funds generated from operations, together with existing cash and cash infusions by major stockholders, will be sufficient to finance its operations for the next twelve months, but are likely to be insufficient to fund its contractual obligation and to fund growth. The Company will be seeking an initial round of additional capital to cover any working capital needs and its contractual obligation, and to fund growth initiatives in its identified markets. However, there can be no assurance that any new debt or equity financing arrangement will be available to the Company when needed on acceptable terms, if at all. The continued operations of the Company are dependent on its ability to collect its receivables and increase revenues. |
Significant_Accounting_Policie2
Significant Accounting Policies: Cash, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Cash, Policy | ' |
Cash | |
The Company continually monitors its positions with, and the credit quality of, the financial institutions it invests with. From time to time, however briefly, the Company maintains balances in operating accounts in excess of federally insured limits. |
Significant_Accounting_Policie3
Significant Accounting Policies: Accounts Receivable, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Accounts Receivable, Policy | ' |
Accounts Receivable | |
Receivables are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. At December 31, 2013, no allowance for doubtful accounts has been provided. |
Significant_Accounting_Policie4
Significant Accounting Policies: Income Recognition, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Income Recognition, Policy | ' |
Income Recognition | |
The Company recognizes income for the sale of services and products when persuasive evidence of an arrangement exists, services have been rendered or delivery has occurred, the fee is fixed or determinable and the collectability of the related income is reasonably assured. | |
The Company principally derives income from fees for services generated on a project-by-project basis. Prior to the commencement of a project, the Company reaches agreement with the client on rates for services based upon the scope of the project, staffing requirements and the level of client involvement. It is the Company’s policy to obtain written agreements from new clients prior to performing services. In these agreements, the clients acknowledge that they will pay based upon the amount of time spent on the project or an agreed-upon fee structure. Income for services rendered is recognized on a time and materials basis or on a fixed-fee or capped-fee basis in accordance with accounting and disclosure requirements for income recognition. | |
Fees for services that have been performed, but for which the Company has not invoiced the customers are recorded as unbilled receivables. | |
Income for time and materials contracts are recognized based on the number of hours worked by the Company’s subcontractors at an agreed upon rate per hour, and are recognized in the period in which services are performed. Income for time and materials contracts is billed monthly or in accordance with the specific contractual terms of each project. |
Significant_Accounting_Policie5
Significant Accounting Policies: License Agreement, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
License Agreement, Policy | ' |
License Agreement | |
The cost of the license agreement (see Note 4) is being amortized on a straight-line basis over 20 years. The license agreement is reflected in the accompanying December 31, 2013 balance sheet net of accumulated amortization of $6,200. |
Significant_Accounting_Policie6
Significant Accounting Policies: Income Taxes, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Income Taxes, Policy | ' |
Income Taxes | |
The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by the tax authorities. Management has analyzed the Company’s tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years (2009 - 2012). |
Significant_Accounting_Policie7
Significant Accounting Policies: Basic and Diluted Net Income (loss) Per Share, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Basic and Diluted Net Income (loss) Per Share, Policy | ' |
Basic and Diluted Net Income (Loss) per Share | |
The Company computes income (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted income (loss) per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. | |
The Company has no potential dilutive instruments and accordingly basic income (loss) and diluted income per share are the same. | |
The weighted average number of shares used in computing the income (loss) per share has been adjusted to give effect to the reverse merger described in Note 1. |
Significant_Accounting_Policie8
Significant Accounting Policies: Subsequent Events, Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Subsequent Events, Policy | ' |
Subsequent Events | |
Management has evaluated subsequent events for disclosure and/or recognition in the financial statements through the date that the financial statements were available to be issued. |
Organization_and_Nature_of_Bus1
Organization and Nature of Business (Details) | Mar. 29, 2013 |
Details | ' |
Number of shares issued for acquisition | 176,400,000 |
Reverse merger, shares percentage exchanged | 90.00% |
Significant_Accounting_Policie9
Significant Accounting Policies: License Agreement, Policy (Details) (USD $) | Dec. 31, 2013 |
Details | ' |
Accumulated amortization | $6,200 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Consulting expenses | $842,730 | $419,054 |
License_Agreement_Note_Details
License Agreement, Note (Details) (USD $) | Dec. 31, 2013 | Mar. 29, 2013 | Dec. 31, 2013 | 15-May-13 |
Engine Technology License Agreement | Engine Technology License Agreement | |||
Number of shares issued for acquisition | ' | 176,400,000 | ' | 2,435,430 |
Value of shares | ' | ' | ' | $48,709 |
Payments made | ' | ' | 13,000 | ' |
Value of license agreement | 242,509 | ' | 242,509 | ' |
Accumulated amortization | 6,200 | ' | ' | ' |
Due to the Licensor | ' | ' | $187,000 | ' |
Concentrations_Note_Details
Concentrations, Note (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Volumn of income generated with particular customer | 'Two customers accounted for 63.7% and 37.3% | 'two customers accounted for 81.0% and 19.0% |
Volumn of accounts receivable with particular customer | 'Two customers accounted for 77.9% and 22.1% | ' |
Stock_Issuance_Note_Details
Stock Issuance, Note (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Details | ' | ' |
Common stock issued as compensation for services | 975,000 | 950,000 |
Value of stock issued for services | $31,750 | ' |
Commitments_Note_Details
Commitments, Note (Details) (USD $) | Dec. 31, 2013 |
Thomas Telegades | ' |
Annual Compensation | $150,000 |
Peter Fazio | ' |
Annual Compensation | $150,000 |
Income_Taxes_Note_Details
Income Taxes, Note (Details) (USD $) | Dec. 31, 2013 |
Details | ' |
Net operating loss carryforwards | $800,000 |