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Investment
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Dec. 31, 2011
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NOTE 6 – INVESTMENT On April 30, 2010 the Company entered into an agreement whereby 2,500,000 shares of stock held in Rubicon Software Group, lpc, a company registered under the laws of England and Wales, (“Rubicon”) were sold to Rubicon. In remuneration for this stock the Company received $10,000 and was relieved from paying $16,611 worth of outstanding invoices. In connection with this transaction, the Company recorded a loss on sale of security of $47,347. As part of an earlier agreement with Rubicon the Company agreed to serve as Rubicon’s exclusive agent in the United States for reselling Rubicon’s software and services. In return, Rubicon will be a software development partner and provide consulting services to the Company. The Company purchased 2,500,000 ordinary shares for a subscription price in British pounds of two pence a share with an option to purchase an additional 2,500,000 within 90 days. The total cost of the subscription was £50,000 or $73,958, USD. The ninety day period lapsed with the Company not purchasing any additional shares. Securities investments not classified as either held-to-maturity or trading securities are classified as available-for-sale securities. Available-for-sale securities are recorded at fair value in investments and other assets on the balance sheet, with the change in fair value during the period excluded from earnings and recorded net of taxes as a component of other comprehensive income. There were no securities available-for-sale securities at December 31, 2011 or 2010:
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