Note 1 -- Organization and Summary of Significant Accounting Policies: Income Taxes (Policies)

9 Months Ended

Sep. 30, 2012

Policies

Income Taxes

Income Taxes - The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007.  As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits. 

The Company has no tax positions at September 30, 2012 and December 31, 2011 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.  During the nine month periods ended September 30, 2012 and 2011, the Company recognized no interest and penalties.  The Company had no accruals for interest and penalties at September 30, 2012 and December 31, 2011.  All tax years starting with 2008 are open for examination.