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Income Taxes
3 Months Ended
Sep. 30, 2011
Income Taxes {1} 
Income Tax Disclosure [Text Block]

NOTE 5.  INCOME TAXES

 

 

As of September 30, 2011

 

 

 

 

Deferred tax assets:

 

 

Net operating tax carryforward

   $          17,120

 

Tax rate

             34%

 

Gross deferred tax assets

        5,821

 

Valuation allowance

        (5,821)

 

 

 

 

Net deferred tax assets

   $             -0-

 

 

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.  As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

 

NOTE 7.  NET OPERATING LOSSES

 

As of September 30, 2011, the Company has a net operating loss carryforward of $17,120.  Net operating loss carryforward expires twenty years from the date the loss was incurred.