Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - Solaris Power Cells, Inc.ex31_1.htm
EX-31.2 - EXHIBIT 31.2 - Solaris Power Cells, Inc.ex31_2.htm
EX-32.1 - EXHIBIT 32.1 - Solaris Power Cells, Inc.ex32_1.htm
EXCEL - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.Financial_Report.xls
10-Q - MAINBODY - Solaris Power Cells, Inc.mainbody.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R6.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R4.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R1.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R2.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R3.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R9.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R7.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R5.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R8.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R10.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R15.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R11.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R14.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R21.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R20.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R23.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R17.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R19.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R18.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R13.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R22.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R16.htm
XML - IDEA: XBRL DOCUMENT - Solaris Power Cells, Inc.R24.htm
v2.4.0.6
INCOME TAXES
3 Months Ended
Oct. 31, 2012
Income Tax Disclosure [Abstract]  
INCOME TAXES

 

As of July 31, 2012, the Company had net operating loss carry forwards of approximately $120,000 that may be available to reduce future years’ taxable income through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

 

The provision for Federal income tax consists of the following for the three months ended October 31, 2012 and 2011:

 

    2012   2011
Federal income tax benefit attributable to:                
Current operations   $ 680     $ 680  
Less: valuation allowance     (680 )     (680 )
Net provision for Federal income taxes   $ 0     $ 0  

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of October 31, 2012 and July 31, 2012:

 

    October 31, 2012   July 31, 2012
Deferred tax asset attributable to:                
Net operating loss carryover   $ 40,692     $ 40,012  
Less: valuation allowance     (40,692 )     (40,012 )
Net deferred tax asset   $ 0     $ 0  

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $119,685 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.