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INCOME TAXES

12 Months Ended

Jun. 30, 2014

NOTE 5. INCOME TAXES

	As of June 30, 2014

Deferred tax assets:
Net operating tax carryforward	$	468,696
Tax rate		34	%
Gross deferred tax assets		159,357
Valuation allowance		(159,357	)

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.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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