Income Taxes

12 Months Ended

Mar. 31, 2012

Income Taxes:

Income Tax Disclosure

8. Income Taxes

The Company has accumulated net operating losses for federal income tax purposes of approximately $1,271,000, which may be carried forward and used to reduce taxable income of future years. These losses expire as follows:

2020	$	180,000
2021		117,000
2022		135,000
2023		141,000
2024		97,000
2025		109,000
2026		138,000
2027		29,000
2028		14,000
2029		119,000
2030		89,000
2031		103,000
	$	1,271,000

The potential future tax benefits of these losses have not been recognized in these financial statements due to uncertainty of their realization. When the future utilization of some portion of the carry forwards is determined not to be "more likely than not," a valuation allowance is provided to reduce the recorded tax benefits from such assets.