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Document and Entity Information (USD $)
12 Months Ended
Dec. 31, 2012
Oct. 24, 2012
Jun. 30, 2012
Document And Entity Information      
Entity Registrant Name EMPIRE GLOBAL CORP.    
Entity Central Index Key 0001080319    
Document Type 10-K    
Document Period End Date Dec. 31, 2012    
Amendment Flag false    
Current Fiscal Year End Date --12-31    
Is Entity a Well-known Seasoned Issuer? No    
Is Entity a Voluntary Filer? No    
Is Entity's Reporting Status Current? Yes    
Entity Filer Category Smaller Reporting Company    
Entity Public Float     $ 186,758dei_EntityPublicFloat
Entity Common Stock, Shares Outstanding   18,675,800dei_EntityCommonStockSharesOutstanding  
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2012    
Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash      
Current Assets      
Total Assets 0us-gaap_Assets 0us-gaap_Assets
Current Liabilities    
Accounts payable and accrued liabilities 6,250us-gaap_AccruedLiabilitiesCurrent   
Advances from stockholders 159,575us-gaap_DueToRelatedPartiesCurrent 150,000us-gaap_DueToRelatedPartiesCurrent
Total Current Liabilities 165,825us-gaap_LiabilitiesCurrent 150,000us-gaap_LiabilitiesCurrent
Commitments and Contingencies      
Stockholders Deficiency    
Preferred Stock, $0.0001 par value, 20,000,000 shares authorized, none issued      
Capital Stock, $0.0001 par value, 80,000,000 shares authorized; 18,675,800 shares issued and outstanding, 1,868us-gaap_CommonStockValue 1,868us-gaap_CommonStockValue
Additional paid-in capital 4,916,600us-gaap_AdditionalPaidInCapital 4,909,002us-gaap_AdditionalPaidInCapital
Deficit accumulated during the development stage (126,013)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (102,590)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated Deficit (4,958,280)us-gaap_RetainedEarningsAccumulatedDeficit (4,958,280)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity (Deficiency) (165,825)us-gaap_StockholdersEquity (150,000)us-gaap_StockholdersEquity
Total Liabilities and Stockholder' Equity $ 0us-gaap_LiabilitiesAndStockholdersEquity $ 0us-gaap_LiabilitiesAndStockholdersEquity
Balance Sheets (Parenthetical) (USD $)
Dec. 31, 2012
Dec. 31, 2011
STOCKHOLDERS' EQUITY    
Preferred stock - par value $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare $ 0.0001us-gaap_PreferredStockParOrStatedValuePerShare
Preferred stock - authorized 20,000,000us-gaap_PreferredStockSharesAuthorized 20,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock - issued      
Capital stock - par value $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare $ 0.0001us-gaap_CommonStockParOrStatedValuePerShare
Capital stock - authorized 80,000,000us-gaap_CommonStockSharesAuthorized 80,000,000us-gaap_CommonStockSharesAuthorized
Capital stock - issued 18,675,800us-gaap_CommonStockSharesIssued 18,675,800us-gaap_CommonStockSharesIssued
Statements of Operations (USD $)
12 Months Ended 36 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Income Statement [Abstract]      
Revenue         
General and administrative expenses 15,825us-gaap_GeneralAndAdministrativeExpense 25,197us-gaap_GeneralAndAdministrativeExpense 111,868us-gaap_GeneralAndAdministrativeExpense
Interest expense - stockholders 7,598us-gaap_InterestExpenseRelatedParty 6,547us-gaap_InterestExpenseRelatedParty 14,145us-gaap_InterestExpenseRelatedParty
Loss from continuing operations (23,423)us-gaap_IncomeLossFromContinuingOperations (31,744)us-gaap_IncomeLossFromContinuingOperations (126,013)us-gaap_IncomeLossFromContinuingOperations
Discontinued operation: Loss on disposal of discontinued operations     (6,458)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net Loss $ (23,423)us-gaap_NetIncomeLoss $ (31,744)us-gaap_NetIncomeLoss $ (132,471)us-gaap_NetIncomeLoss
Basic and fully diluted loss per share - continuing operations $ (0.001)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (0.002)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare  
Basic and fully diluted loss per share - discontinued operations $ 0.000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ 0.000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare  
Basic and fully diluted loss per share $ (0.001)us-gaap_EarningsPerShareBasicAndDiluted $ (0.002)us-gaap_EarningsPerShareBasicAndDiluted  
Basic and fully diluted weighted average number of shares 18,675,800us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 18,675,800us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted  
Shareholders Equity (USD $)
Common Stock
Additional Paid-In Capital
Accumlated Other Comprehensive Loss
Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2010 $ 1,868us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 4,909,455us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
   $ (5,029,126)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Beginning Balance, Shares at Dec. 31, 2010 18,675,800us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Imputed interest   6,547us-gaap_TemporaryEquityAccretionOfInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    6,547us-gaap_TemporaryEquityAccretionOfInterest
Net Loss       (31,744)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(31,744)us-gaap_ProfitLoss
Ending Balance, Amount at Dec. 31, 2011 1,868us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
4,909,002us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  (5,060,870)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(150,000)us-gaap_StockholdersEquity
Ending Balance, Shares at Dec. 31, 2011 18,675,800us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Imputed interest   7,598us-gaap_TemporaryEquityAccretionOfInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    7,598us-gaap_TemporaryEquityAccretionOfInterest
Net Loss       (23,423)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(23,423)us-gaap_ProfitLoss
Ending Balance, Amount at Dec. 31, 2012 $ 1,868us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 4,916,600us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  $ (5,084,293)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (165,825)us-gaap_StockholdersEquity
Ending Balance, Shares at Dec. 31, 2012 18,675,800us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Statements of Cash Flows (USD $)
12 Months Ended 36 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Cash Flows from Operating Activities      
Net loss from continuing operations $ (23,423)us-gaap_IncomeLossFromContinuingOperations $ (31,744)us-gaap_IncomeLossFromContinuingOperations $ (126,013)us-gaap_IncomeLossFromContinuingOperations
Net loss from discontinued operations     (6,458)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net loss (23,423)us-gaap_NetIncomeLoss (31,744)us-gaap_NetIncomeLoss (132,471)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation    147us-gaap_DepreciationDepletionAndAmortization 879us-gaap_DepreciationDepletionAndAmortization
Imputed interest 7,598us-gaap_InterestExpenseRelatedParty 6,547us-gaap_InterestExpenseRelatedParty 14,145us-gaap_InterestExpenseRelatedParty
Disposal of equipment    2,785us-gaap_AssetImpairmentCharges 2,785us-gaap_AssetImpairmentCharges
Loss on disposal of discontinued operations     6,458us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Changes in operating assets and liabilities      
Accounts payable and accrued liabilities 6,250us-gaap_IncreaseDecreaseInAccruedLiabilities   6,250us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash used in operating activities (9,575)us-gaap_NetCashProvidedByUsedInOperatingActivities (22,265)us-gaap_NetCashProvidedByUsedInOperatingActivities (101,954)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Financing Activities      
Advances from stockholders 9,575us-gaap_ProceedsFromRelatedPartyDebt 22,265us-gaap_ProceedsFromRelatedPartyDebt 101,954us-gaap_ProceedsFromRelatedPartyDebt
Net cash provided by financing activities 9,575us-gaap_NetCashProvidedByUsedInFinancingActivities 22,265us-gaap_NetCashProvidedByUsedInFinancingActivities 101,954us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash        
Cash - beginning of period        
Cash - end of period         
Supplemental disclosure of cash flow information:      
Cash paid during the year for: Interest        
Cash paid during the year for: Income taxes        
Nature of Business and operations
12 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Business and operations

1. Nature of Business and Operations

 

Empire Global Corp. ("Empire" or "the Company") was incorporated in the state of Delaware on August 26, 1998 as Pender International Inc. On September 30, 2005 contemporaneously with a change in management and business plan changed its name to Empire Global Corp. On January 5, 2010, the Company became a development stage company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities. The Company's principal executive offices are headquartered in Toronto, Canada.

 

On December 9, 2011, the Company entered into a Stock Purchase and Share Exchange Agreement (the "Agreement") to acquire Avontrust Global Pte. Ltd. ("AVT"), a Singapore company with its head office and operations in Singapore. As disclosed in note 9, on July 2, 2012, prior to the closing of the Agreement, the Company and AVT mutually agreed to terminate the Agreement as a result the Company no longer has any business operations and is actively seeking new business opportunities.

 

The Company has been looking for potential acquisitions. Accordingly, the Company's activities have been accounted for as those of a Development Stage Enterprise starting from January 5, 2010. The Company's financial statements are identified as those of a development stage company, and the statements of operations, stockholders' equity and cash flows disclose activity since the date of the Company's inception.

Going Concern
12 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

2. Going Concern

 

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.

 

As of December 31, 2012, the Company has no cash or other assets, has incurred significant losses from operations since its inception and has not yet established any source of revenues. These conditions, among others, raise substantial doubt about the Company's ability to continue as a going concern. Management plans to mitigate its losses in future years by significantly reducing its operating expenses and seeking out new business opportunities. However, there is no assurance that the Company will be able to obtain additional financing, reduce its operating expenses or be successful in locating or acquiring a viable business.

 

The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

3. Summary of Significant Accounting Policies

 

a) Basis of Presentation and Consolidation

 

The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are expressed in US dollars. The consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany accounts and transactions have been eliminated in consolidation. The Company's fiscal year end is December 31.

 

b) Cash

 

Cash consists of cash on hand and cash deposited with financial institutions, including money market accounts, and commercial paper purchased with an original maturity of three months or less.

 

c) Use of Estimates

 

In preparing the Company's financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

 

Significant estimates made by management are, among others, realizable of long-lived assets, and deferred taxes. Management reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.

 

d) Property, Plant and Equipment

 

Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses.

 

Depreciation is computed using the straight-line method over the useful lives of the assets. Major renewals and betterments are capitalized and depreciated; maintenance and repairs that do not extend the life of the respective assets are expensed as incurred. Upon disposal of assets, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income.

 

e) Impairment of Long Lived Assets

 

In accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets, such as property, plant and equipment and purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired as a result of technological or other industrial changes. The determination of recoverability of assets to be held and used is made by comparing the carrying amount of an asset to future undiscounted cash flows to be generated by the assets.

 

If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the

fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. During the reporting periods there was no impairment loss of long-lived assets recognized.

 

f) Earnings Per Share

 

FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic net earnings per common share are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net earnings per common share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.

 

Basic and diluted loss per share was the same, at December 31, 2012 and 2011, as there were no common stock equivalents outstanding.

 

g) Income Taxes

 

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

 

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

 

h) Fair Value of Financial Instruments

 

We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United States of America. The carrying value of the Company's short term investments, prepaid and sundry assets, accounts payable and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial instruments.

 

The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

 

Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.

 

Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

 

Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

 

The Company adopted a newly issued accounting standard for fair value measurements of all non-financial assets and liabilities not recognized or disclosed at fair value in the financial statements on a recurring basis.

 

i) Comprehensive Income

 

The Company adopted FASB ASC 220-10-45, "Reporting Comprehensive Income.", ASC 220-10-45 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income is presented in the statements of operations, and consists of net income and unrealized gains (losses) on available for sale marketable securities; foreign currency translation adjustments and changes in market value of future contracts that qualify as a hedge; and negative equity adjustments.

Advances from Stockholders
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Advances from Stockholders

4. Advances from stockholders


Advances from stockholders are non-interest bearing and are due on demand. Interest was imputed at 5% per annum. The Company recorded an interest expense of $7,598 and $6,547 for the year ended December 31, 2012 and December 31, 2011 respectively. Advances from stockholders as of December 31, 2012 and December 31, 2011 are as follows:

 

   December 31,  December 31,
   2012  2011
       
Braydon Capital Corp.  $31,314   $31,314 
Gold Street Capital   128,261    118,686 
Total advances from related parties:  $159,575   $150,000 
           
Income Taxes
12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Income Taxes

5. Income Taxes

 

The Company is incorporated in the United States of America and is subject to United States federal taxation. No provisions for income taxes have been made, as the Company had no U.S. taxable income for the year ended December 31, 2012 and 2011.


The Company's deferred tax assets as of December 31, 2012 and 2011 are as follows:

 

 

   December 31, 2012  December 31, 2011
Net loss carryforward  $1,779,000   $1,771,000 
Valuation allowance   (1,779,000)   (1,771,000)
Deferred tax assets  $—     $—   


The Company has accumulated a net operating loss carryforward ("NOL") of approximately $5 million as of December 31, 2012. This NOL may be offset against future taxable income through the year 2032. The use of these losses to reduce future income taxes will depend on the generation of sufficient taxable income prior to the expiration of the NOL. No tax benefit has been reported in the financial statements for the year ended December 31, 2012 and 2011 because it has been fully offset by a valuation reserve. The use of future tax benefit is undetermined because we presently have no operations.

NOL incurred are subject to limitation due to any ownership change (as defined under Section 382 of the Internal Revenue Code of 1986) which resulted in a change in business direction. Unused limitations may be carried over to future years until the NOLs expire. Utilization of NOLs may also be limited in any one year by alternative minimum tax rules.

Discontinued Operations
12 Months Ended
Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

6. Discontinued Operations

On January 4, 2010 we disposed of our wholly owned subsidiary IMM which owned 5,000,000 shares of Armistice in exchange for the elimination of $200,000 of debt. The Company recorded loss on disposal of subsidiary of $6,458 during the year ended December 31, 2010.

Commitments and Contingencies
12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

7. Commitments and Contingencies

 

The Company may be subject to claims arising in the ordinary course of business. The Company was subject to direct legal proceedings which were concluded in June 2010 and in indirect proceedings involving our current Chairman and Principal Executive Officer which were concluded in May 2011. As a result of the conclusion of these matters, the Company and our Chairman and Executive Officer are no longer subject to ongoing legal proceedings.

 

On December 10, 2004, the Ontario Securities Commission ("OSC") served upon the former President and C.E.O. of the Company ("executive officer"), and companies controlled by our executive officer, as well as a shareholder of the Company related to the father of our former Chairman Kalson Jang and an unrelated party hired by Kalson Jang's father, collectively the "respondents" an order to cease trading in shares of Pender International Inc. ("Pender") an Ontario corporation owned by our former Chairman Kalson Jang and his father Kalano Jang a former shareholder of the Company. The allegations stated among other things that Armistice was a worthless, flooded mine and that there was no basis for the increase in the share price of the Company. On September 26, 2006 the Royal Canadian Mounted Police ("RCMP") charged our executive officer.

 

As a result of the court proceedings, it was learned that the individual co-accused with our executive officer, while employed by a company associated with Kalano Jang, was a rogue RCMP agent and acted to defraud our executive officer, it was also discovered that senior RCMP officers had tampered with evidence allegedly to cover-up certain improper RCMP procedures and actions leading to the fraud perpetrated against our executive officer and admitted to a violation of his Canadian Charter Rights. On May 17, 2011 our executive officer entered into a settlement agreement offered by the OSC whereby the OSC agreed that our executive officer had no involvement in the fraud perpetrated against him by the co-accused RCMP agent and our executive officer agreed that he failed to properly monitor his trading accounts leading to the fraud committed against him by the former RCMP agent. Our executive officer agreed not to act in the capacity of an officer or director of any Canadian issuer for a period of five years.

 

Criminal charges and proceedings against our executive Officer were subsequently stayed on May 18, 2011.

Subsequent Events
12 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

8. Subsequent Events

 

The Company has evaluated all events or transactions that occurred subsequent to December 31, 2012 through the date these financial statements were issued, and has disclosed as follows:

 

On March 3, 2013, the Ontario Securities Commission withdrew all proceedings against two companies controlled by our executive officer, Firestar Capital Management Corporation and Firestar Investment Management Group Inc. arising from allegations made by the Ontario Securities Commission on December 21, 2004. (See Note 7).

Summary of Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Basis of Presentation and Consolidation

a) Basis of Presentation and Consolidation

 

The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are expressed in US dollars. The consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany accounts and transactions have been eliminated in consolidation. The Company's fiscal year end is December 31.

Cash

b) Cash

 

Cash consists of cash on hand and cash deposited with financial institutions, including money market accounts, and commercial paper purchased with an original maturity of three months or less.

Use of Estimates

c) Use of Estimates

 

In preparing the Company's financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

 

Significant estimates made by management are, among others, realizability of long-lived assets, and deferred taxes. Management reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.

Property, Plant and Equipment

d) Property, Plant and Equipment

 

Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. Depreciation is computed using the straight-line method over the useful lives of the assets. Major renewals and betterments are capitalized and depreciated; maintenance and repairs that do not extend the life of the respective assets are expensed as incurred. Upon disposal of assets, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income.

Impairment of Long Lived Assets

e) Impairment of Long Lived Assets

 

In accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets, such as property, plant and equipment and purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired as a result of technological or other industrial changes. The determination of recoverability of assets to be held and used is made by comparing the carrying amount of an asset to future undiscounted cash flows to be generated by the assets.

 

If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. During the reporting periods there was no impairment loss of long-lived assets recognized.

Earnings Per Share

f) Earnings Per Share

 

FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic net earnings per common share are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net earnings per common share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.

 

Basic and diluted loss per share was the same, at December 31, 2012 and 2011, as there were no common stock equivalents outstanding.

Income Taxes

g) Income Taxes

 

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

 

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

Fair Value of Financial Instruments

h) Fair Value of Financial Instruments

 

We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United States of America. The carrying value of the Company's short term investments, prepaid and sundry assets, accounts payable and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial instruments.

 

The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

 

Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.

 

Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

 

Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

 

The Company adopted a newly issued accounting standard for fair value measurements of all non-financial assets and liabilities not recognized or disclosed at fair value in the financial statements on a recurring basis.

Comprehensive Income

i) Comprehensive Income

 

The Company adopted FASB ASC 220-10-45, "Reporting Comprehensive Income.", ASC 220-10-45 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income is presented in the statements of operations, and consists of net income and unrealized gains (losses) on available for sale marketable securities; foreign currency translation adjustments and changes in market value of future contracts that qualify as a hedge; and negative equity adjustments.

Advances from Stockholders (Tables)
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related party

 

   December 31,  December 31,
   2012  2011
       
Braydon Capital Corp.  $31,314   $31,314 
Gold Street Capital   128,261    118,686 
Total advances from related parties:  $159,575   $150,000 
           

Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes Tables  
Deferred tax assets

 

   December 31, 2012  December 31, 2011
Net loss carryforward  $1,779,000   $1,771,000 
Valuation allowance   (1,779,000)   (1,771,000)
Deferred tax assets  $—     $—   

Advances from Stockholders - Related party (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Related Party Transaction [Line Items]    
Advances from stockholders $ 159,575us-gaap_DueToRelatedPartiesCurrent $ 150,000us-gaap_DueToRelatedPartiesCurrent
Braydon Capital Corp. [Member]    
Related Party Transaction [Line Items]    
Advances from stockholders 31,314us-gaap_DueToRelatedPartiesCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= EMGL_BraydonCapitalCorpMember
31,314us-gaap_DueToRelatedPartiesCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= EMGL_BraydonCapitalCorpMember
Gold Street Capital [Member]    
Related Party Transaction [Line Items]    
Advances from stockholders $ 128,261us-gaap_DueToRelatedPartiesCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= EMGL_GoldStreetCapitalCorpMember
$ 118,686us-gaap_DueToRelatedPartiesCurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= EMGL_GoldStreetCapitalCorpMember
Advances from Stockholders (Details Narrative) (USD $)
12 Months Ended 36 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Related Party Transactions [Abstract]      
Interest rate 5.00%us-gaap_RelatedPartyTransactionRate    
Interest expense - stockholders $ 7,598us-gaap_InterestExpenseRelatedParty $ 6,547us-gaap_InterestExpenseRelatedParty $ 14,145us-gaap_InterestExpenseRelatedParty
Income Taxes (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Income Tax Disclosure [Abstract]    
Net loss carryforward $ 1,779,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards $ 1,771,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards
Valuation allowance (1,779,000)us-gaap_OperatingLossCarryforwardsValuationAllowance (1,771,000)us-gaap_OperatingLossCarryforwardsValuationAllowance
Deferred tax assets      
Income Taxes (Details Narrative) (USD $)
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Net operating loss carryforward $ 5,000,000us-gaap_OperatingLossCarryforwards
Discontinued Operations (Details) (USD $)
36 Months Ended
Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Shares in exchange for the elimination of debt 5,000,000us-gaap_DebtConversionConvertedInstrumentSharesIssued1
Debt elimination $ 200,000us-gaap_ExtinguishmentOfDebtAmount
Discontinued operation: Loss on disposal of discontinued operations $ (6,458)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax