Note 5 - Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Text Block]

NOTE 5 – INCOME TAXES

The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate of 34% to income (loss) before income taxes. The sources of the difference follow:

	Three months ended March 31, 2013			Three months ended March 31, 2012			Cumulative during the development stage (February 27, 2004 to March 31, 2013)
Expected tax at 34%	$	(2,380	)	$	(2,380	)	$	(48,422	)
Increase in valuation allowance		2,380			2,380			48,422
Income tax provision	$	-		$	-		$	-

Significant components of the Company’s deferred income tax assets are as follows:

	March 31, 2013			December 31, 2012
Net operating loss carryforward	$	48,422		$	46,042
Less valuation allowance		(48,422	)		(46,042	)
Income tax provision	$	-		$	-

Based on management ‘s present assessment, the Company has not yet determined it to be more likely than not that a deferred tax asset of $48,422 attributable to the future utilization of the $142,419 net operating loss carryforward as of March 31, 2013 will be realized.  Accordingly, the Company has provided a 100% allowance against the deferred tax asset in the financial statements at March 31, 2013.  The Company will continue to review this valuation allowance and make adjustments as appropriate.  The net operating loss carryforward expires in years 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032  and 2033 in the amounts of $7,297, $12,450, $9,621, $20,306, $16,739, $15,325, $16,318, $18,203, $19,160 and $7,000, respectively.

Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs.  Therefore, the amount available to offset future taxable income may be limited.