INCOME TAXES

3 Months Ended

Jul. 31, 2012

Income Tax Disclosure [Abstract]

INCOME TAXES

For the periods ended July 31, 2012 and 2011, Vortec has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $126,600 at July 31, 2012, and will begin to expire in the year 2027.

The provision for Federal income tax consists of the following for the three months ended July 31, 2012 and 2011:

	2012			2011
Federal income tax benefit attributable to:
Current operations	$	510		$	680
Less: valuation allowance		(510	)		(680	)
Net provision for Federal income taxes	$	0		$	0

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of July 31, 2012 and April 30, 2012:

	July 31, 2012			April 30, 2012
Deferred tax asset attributable to:
Net operating loss carryover	$	43,030		$	42,520
Less: valuation allowance		(43,030	)		(42,520	)
Net deferred tax asset	$	0		$	0

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $126,600 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.