Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

(a)	Basis of Presentation

The accompanying financial statements conform with generally accepted accounting principles in the United States of America (“U.S. GAAP”).

Cash and Cash Equivalents

(b)	Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents.

Commitments and Contingencies

(c)	Commitments and Contingencies

Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated.

Income Taxes

(d)	Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss carryforwards. 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. Deferred tax assets are reduced by a valuation allowance to the amount that is more likely than not to be realized.

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.

Use of Estimates

(e)	Use of Estimates

The preparation of the financial statements in conformity with U.S. GAAP requires management of the Company to make of estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Actual results could differ significantly from those estimates.

Significant items subject to such estimates and assumptions include valuation allowance for deferred tax assets.

Foreign Currency Matters

(f)	Foreign Currency Matters

The Company uses the Euro as functional currency

All revenues and expenses associated with foreign currency transactions are converted at the rates of exchange prevailing when such transactions occur. Foreign currency receivables and payables are remeasured at the applicable exchange rates on the balance sheet date. The resulting exchange gains or losses are reflected in other income (expense) in the Statement of Operations.

Net Loss per Share

(g)	Net Loss per Share

Basic net loss per share has been computed by dividing net loss by the weighted-average number of ordinary shares outstanding.

Recent Accounting Pronouncements

(h)	Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (FASB) issued authoritative guidance that requires revenue recognition to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This new standard will supersede most current revenue recognition guidance, including industry-specific guidance. The guidance becomes effective for the Company in the first quarter of fiscal 2017, and can be applied either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Early adoption is prohibited. The Company is currently evaluating the effect of this new guidance on the Company’s ongoing financial reporting, including the selection of a transition method.

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

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- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

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ETERIS B.V. 10-K