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2. INTERIM FINANCIAL STATEMENTS
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3 Months Ended |
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Dec. 31, 2011
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| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
2. INTERIM
FINANCIAL STATEMENTS
The
unaudited financial statements as of December 31, 2011 and
for the three and nine months ended December 31, 2011 and
2010 and for the period from July 3, 2008 (inception) to
December 31, 2011 have been prepared in accordance with
accounting principles generally accepted in the United States
for interim financial information and with instructions to
Form 10-Q. In the opinion of management, the unaudited
financial statements have been prepared on the same basis as
the annual financial statements and reflect all adjustments,
which include only normal recurring adjustments, necessary to
present fairly the financial position as of December 31, 2011
and the results of operations and cash flows for periods
ended December 31, 2011 and 2010 and for the period from July
3, 2008 (inception) to December 31, 2011. The
financial data and other information disclosed in these notes
to the interim financial statements related to these periods
are unaudited. The results for the nine months
ended December 31, 2011 are not necessarily indicative of the
results to be expected for any subsequent quarter of the
entire year ending March 31, 2012. The balance
sheet at March 31, 2011 has been derived from the audited
financial statements at that date.
Certain
information and footnote disclosures normally included in
financial statements prepared in accordance with accounting
principles generally accepted in the United States have been
condensed or omitted pursuant to the Securities and Exchange
Commission’s rules and regulations. These
unaudited financial statements should be read in conjunction
with our audited financial statements and notes thereto for
the period ended March 31, 2011 as included in our report on
Form 10-K filed on July 14, 2011.
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