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EXCEL - IDEA: XBRL DOCUMENT - Volt Solar Systems, Inc.Financial_Report.xls
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EX-32.2 - Volt Solar Systems, Inc.ex32-2.htm
EX-32.1 - Volt Solar Systems, Inc.ex32-1.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - Volt Solar Systems, Inc.ex21-1.htm
EX-31.2 - Volt Solar Systems, Inc.ex31-2.htm
EX-10.5 - STOCK PURCHASE AGREEMENT (SEPTEMBER 20, 2012) WITH FIRST POWER & LIGHT LLC - Volt Solar Systems, Inc.ex10-5.htm
10-K - MAINSTREAM ENTERTAINMENT, INC. FORM 10-K FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2012 - Volt Solar Systems, Inc.mainstream10k093012.htm
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EX-10.6 - FIRST ADDENDUM TO STOCK PURCHASE AGREEMENT (JANUARY 4, 2013) WITH FIRST POWER & LIGHT, LLC - Volt Solar Systems, Inc.ex10-6.htm
v2.4.0.6
INCOME TAXES
12 Months Ended
Sep. 30, 2012
INCOME TAXES  
INCOME TAXES

NOTE 11 – INCOME TAXES

 

The Company has federal and state net operating loss carry forwards of $515,009 and $515,009, which expire in various years ending September 30, as indicated below:

 

 

 

Federal

 

 

Florida

 

2013

 

$

---

 

 

$

101,262

 

2014

 

 

---

 

 

 

250,251

 

2015

 

 

---

 

 

 

73,457

 

2016

 

 

---

 

 

 

70,856

 

2017

 

 

---

 

 

 

36,165

 

2023

 

 

101,262

 

 

 

---

 

2024

 

 

250,251

 

 

 

---

 

2025

 

 

73,457

 

 

 

---

 

2026

 

 

70,856

 

 

 

---

 

2027

 

 

36,165

 

 

 

---

 

Total

 

$

531,721

 

 

$

531,721

 

 

 

A full valuation allowance has been taken on the deferred tax assets based on the Company’s determination that they are unlikely to pay income taxes in the future.