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9. Unrecorded Transactions
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12 Months Ended |
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Dec. 31, 2011
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| Other Income and Other Expense Disclosure [Text Block] |
9.
Unrecorded Transactions
In
August 2010, we accepted an engagement from a high wealth
individual who verbally communicated her desire to keep our
engagement private due to personal safety concerns. This
matter was kept private, only being known to our Treasurer
and CEO. Over the term of the engagement, the
client sent monthly payments directly to the
Treasurer. The Treasurer would retain one third of
the payment in an off the books bank account to handle the
private investigation effort overseas. The other
two thirds of these funds was used by the Company to pay for
protection services in the United States. Most of the
investigation activities were concentrated in the spring of
2011 and the engagement ended in October
2011. Overall, recording the additional revenues
and expenses from these activities increased our operating
results by $22,107 before tax, on revenue of $252,297 and
expenses of $230,190. The Company has determined that the net
impact of the additional revenues and expenses is not
material to prior periods.
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