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v2.4.0.6
Income Taxes
9 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 4 - INCOME TAXES

 

 

As of September 30, 2012, the Company had a net operating loss carry forward of ($175,233) that may be available to reduce future years’ taxable income through 2031.

 

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences for the periods presented are as follows:

 

    As of
September 30, 2012
 
Deferred tax assets:        
Net operating tax carry-forwards   $ 175,233  
         
Gross deferred tax asset     175,233  
Valuation allowance     (175,233 )
         
Net deferred tax assets   $ -  

  

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.