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Income Taxes
9 Months Ended
Mar. 31, 2012
Income Taxes {1}  
Income Tax Disclosure [Text Block]

NOTE 5 - INCOME TAXES

 

 

As of March 31, 2012

 

 

 

 

Deferred tax assets:

 

 

Net operating tax carryforward

   $          48,767

 

Tax rate

             34%

 

Gross deferred tax assets

        16,581

 

Valuation allowance

        (16,581)

 

 

 

 

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 6 - NET OPERATING LOSSES

 

As of March 31, 2012, the Company has a net operating loss carryforward of $48,767.  Net operating loss carryforward expires twenty years from the date the loss was incurred.