Income Taxes

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 9 – INCOME TAXES

As of December 31, 2012, the Company had net operating loss carry forwards of $6,969,423 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 years ended December 31, 2012 and 2011:

	2012			2011
Federal income tax benefit attributable to:
Current operations	$	1,830,894		$	405,412
Less: valuation allowance		(1,830,894	)		(405,412	)
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 December 31, 2012 and 2011:

		2012		2011
Deferred tax asset attributable to:
Net operating loss carryover	$	2,369,603		$	538,709
Less: valuation allowance		(2,369,603	)		(538,709	)
Net deferred tax asset	$	0		$	0