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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives of Related Assets

Depreciation is provided for using the straight-line method over the estimated useful lives of the related assets as follows:

Equipment			5 years
Furniture and fixtures			15 years

Revenues and Expenses under Collaborative Arrangement

Revenues and expenses under this collaborative arrangement included in the Company’s consolidated financial statements were as follows:

		2012
ETF advisory fee revenue		$	10,968
Expenses:
Fund management and administration			1,341
Marketing and advertising			39
Sales and business development			24
Third party expenses			1,404
Net profit			9,564
Sharing		$	4,662

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- Definition

Tabular disclosure of contractual arrangements that involve two or more parties that both: (i) actively participate in a joint operating activity and (ii) are exposed to significant risks and rewards that depend on the commercial success of the joint operating activity. Additionally, the element may include all other transactions of the entity categorized collectively, if such comparison of collaborative arrangements as a component of all transactions of the entity is desired.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 808

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6931272&loc=SL5834143-161434

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Schedule of estimated useful lives of related assets.

+ References

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