Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCFinancial_Report.xls
10-K - FORM 10-K - BISON INSTRUMENTS INCbsoi_10k-103112.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR1.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR3.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR9.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR5.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR4.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR6.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR7.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR2.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR8.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR19.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR21.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR17.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR16.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR13.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR18.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR14.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR15.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR20.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR11.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR12.htm
EX-14 - EXHIBIT 14 - BISON INSTRUMENTS INCex14.htm
EX-32.1 - EXHIBIT 32.1 - BISON INSTRUMENTS INCex32-1.htm
EX-31.2 - EXHIBIT 31.2 - BISON INSTRUMENTS INCex31-2.htm
EX-31.1 - EXHIBIT 31.1 - BISON INSTRUMENTS INCex31-1.htm
EX-32.2 - EXHIBIT 32.2 - BISON INSTRUMENTS INCex32-2.htm
v2.4.0.6
Note 4. Income taxes
12 Months Ended
Oct. 31, 2012
Income Tax Disclosure [Text Block]
4.     Income taxes:

The Company’s statutory income tax rate is 38.4% (2011, 38.4%).

The tax effects of temporary differences, resulting from net operating loss carryforwards of approximately $1,240,500 (2011 - $1,996,500), that give rise to significant portions of deferred tax assets are approximately $476,000 (2011 - $767,000).  In 2012, the valuation allowance decreased approximately $291,000, composed of increases to allowances due to net operating loss carryforwards and to decreases due to expiration of net operating loss carryforwards.  The details at October 31, 2012 and 2011 are presented as follows:

             
   
2012
   
2011
 
             
Expected tax benefit using statutory rates
  $ (476,000 )   $ (767,000 )
Valuation allowance
    476,000       767,000  
                 
Deferred tax asset
  $ --     $ --  

The current year tax provision is as follows:

   
2012
   
2011
 
             
Expected tax benefit using statutory rates
  $ 27,000     $ 25,000  
Increase in valuation allowance
    (27,000 )     (25,000 )
                 
Current tax expense
  $ --     $ --  

Loss carry-forwards expire as follows:

2018
  $ 649,000  
2019
    2,000  
2020
    16,000  
2021
    47,000  
2022
    30,000  
2023
    33,000  
2024
    32,500  
2025
    60,000  
2026
    36,000  
2027
    44,000  
2028
    48,000  
2029
    53,000  
2030
    53,000  
2031
    66,000  
2032
    71,000  
    $ 1,240,500