2013 Form 10-K Financial Statement

#000107258813000113 Filed on October 15, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q2 2012
Revenue $669.7K $576.6K
YoY Change 16.15% 203.48%
Cost Of Revenue $80.59K $78.18K
YoY Change 3.08% 30.29%
Gross Profit $589.2K $498.4K
YoY Change 18.2% 283.42%
Gross Profit Margin 87.97% 86.44%
Selling, General & Admin $830.0K $770.0K
YoY Change 7.79% 54.0%
% of Gross Profit 140.88% 154.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $152.4K $150.2K
YoY Change 1.45% 66.91%
% of Gross Profit 25.87% 30.14%
Operating Expenses $1.068M $1.104M
YoY Change -3.23% 87.14%
Operating Profit -$479.3K -$605.7K
YoY Change -20.86% 31.68%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.334K
YoY Change
Pretax Income -$480.0K -$600.0K
YoY Change -20.0% 30.43%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$479.3K -$604.4K
YoY Change -20.69% 31.39%
Net Earnings / Revenue -71.57% -104.81%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 98.88M shares 92.58M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $10.00K
YoY Change -100.0% -66.67%
Cash & Equivalents $0.00 $10.41K $10.00K
Short-Term Investments
Other Short-Term Assets $60.00K $60.00K
YoY Change 0.0% 20.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $60.00K $66.55K $70.00K
YoY Change -14.29% -12.5%
LONG-TERM ASSETS
Property, Plant & Equipment $320.0K $463.8K $460.0K
YoY Change -30.43% 100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $360.0K $595.1K $590.0K
YoY Change -38.98% 156.52%
TOTAL ASSETS
Total Short-Term Assets $60.00K $66.55K $70.00K
Total Long-Term Assets $360.0K $595.1K $590.0K
Total Assets $420.0K $661.7K $660.0K
YoY Change -36.36% 112.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $62.89K $60.00K
YoY Change 66.67% 100.0%
Accrued Expenses $10.00K $3.545K $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $450.0K $450.0K
YoY Change 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.650M $1.410M $1.410M
YoY Change 17.02% 101.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.650M $1.410M $1.410M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.650M $1.410M $1.410M
YoY Change 17.02% 101.43%
SHAREHOLDERS EQUITY
Retained Earnings -$1.742M
YoY Change
Common Stock $988.8K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.230M -$748.2K -$750.0K
YoY Change
Total Liabilities & Shareholders Equity $420.0K $661.7K $660.0K
YoY Change -36.36% 112.9%

Cashflow Statement

Concept 2013 2012 Q2 2012
OPERATING ACTIVITIES
Net Income -$479.3K -$604.4K
YoY Change -20.69% 31.39%
Depreciation, Depletion And Amortization $152.4K $150.2K
YoY Change 1.45% 66.91%
Cash From Operating Activities -$195.8K -$447.2K
YoY Change -56.22% 135.38%
INVESTING ACTIVITIES
Capital Expenditures $6.352K $367.00
YoY Change 1630.79% -96.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$6.352K -$367.00
YoY Change 1630.79% -96.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $195.7K $431.4K
YoY Change -54.63% 127.04%
NET CHANGE
Cash From Operating Activities -$195.8K -$447.2K
Cash From Investing Activities -$6.352K -$367.00
Cash From Financing Activities $195.7K $431.4K
Net Change In Cash -$6.415K -$16.22K
YoY Change -60.45% 62.2%
FREE CASH FLOW
Cash From Operating Activities -$195.8K -$447.2K
Capital Expenditures $6.352K $367.00
Free Cash Flow -$202.1K -$447.6K
YoY Change -54.84% 123.8%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001021917
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
98879655 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q4 dei Entity Public Float
EntityPublicFloat
8730 USD
CY2011Q3 aszp Aggregate Value Of Acquired Fixed And Intangible Assets
AggregateValueOfAcquiredFixedAndIntangibleAssets
700000 USD
CY2013 aszp Effective Income Tax Rate Reconciliation Foreign And Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignAndDomesticIncomeTaxRateDifferential
-0.185 pure
CY2012 aszp Effective Income Tax Rate Reconciliation Foreign And Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignAndDomesticIncomeTaxRateDifferential
-0.185 pure
CY2013 aszp Operating Loss Carryforwards Expiration Descriptions
OperatingLossCarryforwardsExpirationDescriptions
various years through 2032
CY2013Q2 aszp Working Capital
WorkingCapital
1587233 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Registrant Name
EntityRegistrantName
JV GROUP, INC.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Trading Symbol
TradingSymbol
ASZP
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
99561 USD
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
62885 USD
CY2013Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5307 USD
CY2012Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3545 USD
CY2013Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
439455 USD
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
287754 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5792 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5013 USD
CY2012Q2 us-gaap Assets Current
AssetsCurrent
66545 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4774 USD
CY2011Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1953870 HKD
CY2013Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
10000 sqft
CY2013Q2 us-gaap Assets
Assets
421768 USD
CY2012Q2 us-gaap Assets
Assets
661670 USD
CY2013Q2 us-gaap Assets Current
AssetsCurrent
61291 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
15283 USD
CY2012 us-gaap Advertising Expense
AdvertisingExpense
19740 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
88596 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
188890 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10407 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26506 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5633 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-16179 USD
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98879655 shares
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98879655 shares
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98879655 shares
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98879655 shares
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
988797 USD
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
988797 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-478556 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-601630 USD
CY2013 us-gaap Cost Of Services
CostOfServices
80587 USD
CY2012 us-gaap Cost Of Services
CostOfServices
78176 USD
CY2013Q2 us-gaap Customer Advances Current
CustomerAdvancesCurrent
106617 USD
CY2012Q2 us-gaap Customer Advances Current
CustomerAdvancesCurrent
102123 USD
CY2011Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
450000 USD
CY2011Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2012-03-01
CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
126539 USD
CY2012Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
97109 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
144105 USD
CY2012Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
78995 USD
CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
270644 USD
CY2012Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
176104 USD
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
152097 USD
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
150221 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
152404 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
150221 USD
CY2013Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
984600 USD
CY2012Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
788878 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.165 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.165 pure
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
782 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
41 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
277486 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188890 USD
CY2011Q3 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P1Y8M12D
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
378731 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
397718 USD
CY2013 us-gaap Gross Profit
GrossProfit
589155 USD
CY2012 us-gaap Gross Profit
GrossProfit
498444 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
38434 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-228435 USD
CY2013 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
4494 USD
CY2012 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
51725 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
378 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5256 USD
CY2013Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
42721 USD
CY2012Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
131317 USD
CY2013 us-gaap Interest And Other Income
InterestAndOtherIncome
USD
CY2012 us-gaap Interest And Other Income
InterestAndOtherIncome
1334 USD
CY2013 us-gaap Interest Paid
InterestPaid
USD
CY2012 us-gaap Interest Paid
InterestPaid
USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
449066 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
367324 USD
CY2013Q2 us-gaap Liabilities
Liabilities
1648524 USD
CY2012Q2 us-gaap Liabilities
Liabilities
1409870 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
421768 USD
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
661670 USD
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1648524 USD
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1409870 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
195722 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
431377 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6352 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-367 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-195785 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-447230 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-479335 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-604375 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
247083 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
449066 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
367324 USD
CY2013Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1998036 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1334 USD
CY2013Q2 us-gaap Notes Payable Current
NotesPayableCurrent
452439 USD
CY2012Q2 us-gaap Notes Payable Current
NotesPayableCurrent
452439 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
1068490 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
1104153 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-479335 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-605709 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
418257 USD
CY2012Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1520645 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
779 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
2745 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
779 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2745 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
2439 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6352 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
367 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
56517 USD
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
56138 USD
CY2013 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
USD
CY2012 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
USD
CY2013 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
232020 USD
CY2012 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
431377 USD
CY2013Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
757211 USD
CY2012Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
751562 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
317756 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
463808 USD
CY2013 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
36298 USD
CY2012 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2221345 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1742010 USD
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
669742 USD
CY2012 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
576620 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
-1226756 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
-748200 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
-396570 USD
CY2011Q3 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
25000000 shares
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
250000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p class="MsoNormal">Use of Estimates</p> <p class="MsoNormal">The preparation of the financial statements in conformity with accounting</p> <p class="MsoNormal"><font >principles <font style="mso-spacerun: yes">&nbsp;</font> generally</font> accepted in the United States of America requires</p> <p class="MsoNormal"><font >management</font> to make estimates and assumptions that affect the reported amounts of</p> <p class="MsoNormal"><font >assets</font> and liabilities and disclosure of contingent assets and liabilities at</p> <p class="MsoNormal"><font >the</font> date of the financial statements and the reported amounts of revenues and</p> <p class="MsoNormal"><font >expenses</font> during the reporting periods. Actual results could differ from those</p> <p class="MsoNormal"><font >estimates</font>.</p> <p class="MsoNormal">Judgments and estimates of uncertainties are required in applying the Company&#39;s</p> <p class="MsoNormal"><font >accounting</font> policies in certain areas. The following are some of the areas</p> <p class="MsoNormal"><font >requiring</font> significant judgments and estimates: a) Going concern; b) valuation</p> <p class="MsoNormal"><font >allowance</font> for deferred tax assets based on estimated future taxable income as</p> <p class="MsoNormal"><font >described</font> in Note 11; c) Depreciable life for property, plant and equipment and</p> <p class="MsoNormal"><font >intangible</font> assets. The relevant amounts could be adjusted in the near term if</p> <p class="MsoNormal"><font >experience</font> differs from current estimates.</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98879655 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92575285 shares

Files In Submission

Name View Source Status
0001072588-13-000113-index-headers.html Edgar Link pending
0001072588-13-000113-index.html Edgar Link pending
0001072588-13-000113.txt Edgar Link pending
0001072588-13-000113-xbrl.zip Edgar Link pending
aspi10k063013.txt Edgar Link pending
aszp-20130630.xml Edgar Link completed
aszp-20130630.xsd Edgar Link pending
aszp-20130630_cal.xml Edgar Link unprocessable
aszp-20130630_def.xml Edgar Link unprocessable
aszp-20130630_lab.xml Edgar Link unprocessable
aszp-20130630_pre.xml Edgar Link unprocessable
ex31.txt Edgar Link pending
ex32.txt Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending