INCOME TAXES

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 9 - INCOME TAXES

The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry forwards. For federal income tax purposes, the Company uses the accrual basis of accounting, the same that is used for financial reporting purposes.

The Company did not have taxable income during 2012 or 2011.

The Company’s deferred tax assets consisted of the following as of December 31, 2012 and 2011:

	2012			2011
Net operating loss	$	203,000		$	1,000
Valuation allowance		(203,000	)		(1,000	)
Net deferred tax asset	$	-		$	-

As of December 31, 2012, the company’s accumulated net operating loss carry forward was approximately $580,000 and will begin to expire in the year 2031.