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v2.4.0.6
Income Tax Provision (Tables)
12 Months Ended
Jun. 30, 2012
Income Tax Disclosure [Abstract]  
Components of deferred tax assets and valuation allowance

Components of deferred tax assets and valuation allowance are as follows:

 

    June 30, 2012     June 30, 2011  
Net deferred tax assets – Non-current:                
                 
Expected income tax benefit from NOL carry-forwards   $ 682,395     $ 613,721  
                 
Less valuation allowance     (682,395 )     (613,721 )
             
Deferred tax assets, net of valuation allowance   $ -     $ -  
Effective income tax rate

A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows:

 

   

For the Fiscal Year Ended

June 30, 2012

   

For the Fiscal Year Ended

June 30, 2011

 
                 
Federal statutory income tax rate     34.0 %     34.0 %
                 
Change in valuation allowance on net operating loss carry-forwards     (34.0 )     (34.0 )
                 
Effective income tax rate     0.0 %     0.0 %