NOTE B - INCOME TAXES -

6 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Text Block]

NOTE B - INCOME TAXES –

Net Loss Carryforward:

As of December 31, 2012, the Company has a net operating loss carryforward of approximately $180,000, which may be carried forward to 2032, to offset future taxable income.

Uncertain Tax Positions:

The Company’s income tax returns are subject to examination for years subsequent to June 30, 2009. The Company is not currently under any state or Federal tax exams.