Note 8: Recent Accounting Pronouncements
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12 Months Ended |
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Dec. 31, 2011
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Description of New Accounting Pronouncements Not yet Adopted [Text Block] |
Note
8: Recent Accounting Pronouncements
The
Company reviews all of the Financial Accounting Standard
Board’s updates periodically to ensure the
Company’s compliance of its accounting policies and
disclosure requirements to the Codification
Topics. The Company has determined there were no
new accounting pronouncements issued during the twelve months
ended December 31, 2011 and December 31, 2010 that the
Company believes are applicable or would have a material
impact on the consolidated financial statements of the
Company.
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