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EXCEL - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.Financial_Report.xls
10-K - PAN GLOBAL, CORP.form10k.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R1.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R8.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R9.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R6.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R3.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R7.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R4.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R2.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R5.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R10.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R25.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R14.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R22.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R19.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R15.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R20.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R17.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R11.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R26.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R16.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R18.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R21.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R24.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R23.htm
XML - IDEA: XBRL DOCUMENT - PAN GLOBAL, CORP.R13.htm
EX-10.2 - PAN GLOBAL, CORP.ex10-2.htm
EX-32.1 - CERTIFICATION PURSUANT TO - PAN GLOBAL, CORP.ex32-1.htm
EX-10.1 - PAN GLOBAL, CORP.ex10-1.htm
EX-31.1 - CERTIFICATION OF THE COMPANY S PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER - PAN GLOBAL, CORP.ex31-1.htm
v2.4.0.6
Income Taxes
12 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 6 − Income Taxes

 

The Company utilizes the asset and liability method for financial accounting and reporting accounting of income taxes. Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and the tax basis of assets and liabilities, and are measured by applying enacted rates and laws to taxable years in which such differences are expected to be recovered or settled. Any changes in tax rates or laws are recognized in the period when such changes are enacted.

 

As of September 30, 2012, the Company has $17,929 in gross deferred tax assets resulting from net operating loss carry-forwards. A valuation allowance has been recorded to fully offset these deferred tax assets because the Company’s management believer future realization of the related income tax benefits is uncertain. Accordingly, the net provision for income taxes is zero for the period April 30, 2010 (inception) to September 30, 2012. As of September 30, 2012, the Company has federal net operating loss carry forwards of $45,973 available to offset future taxable income through 2031, subject to the change in control provisions under the Internal Revenue Code.

 

The difference between the tax provision at the statutory federal income tax rate on September 30, 2012 and the tax provision attributable to loss before income taxes is as follows:

 

    For the period  
    April 30, 2010  
    (inception) through  
    September 30, 2012  
       
Statutory federal income taxes     34.0 %
State taxes, net of federal benefits     5.0 %
Valuation allowance     -39.0 %
Effective income tax rate     -  

 

As of September 30, 2012, the Company has tax reporting requirements to the Internal Revenue Service, the State of Nevada and to the State of New Jersey.