5. Income Taxes
The Company has not recognized an income tax benefit for its operating
losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax
benefit for the periods presented is offset by a valuation allowance established against deferred tax assets arising from the net
operating losses and other temporary differences, the realization of which could not be considered more likely than not. In
future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts
to be more likely than not. As of September 30, 2012 the Company had a loss and for the period May 4, 2010 (date of
inception) through September 30, 2012. The net operating losses resulting from operating activities result in
deferred tax assets of approximately $100,295 at the effective statutory rates which will expire by the year 2031. The
deferred tax asset has been off-set by an equal valuation allowance.
There are no current or deferred income tax expense or benefit recognized
for the period ended September 30, 2012.