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INCOME TAXES

3 Months Ended

Sep. 30, 2013

NOTE B	-	INCOME TAXES –

		Net Operating Loss Carryforward:

			As of September 30, 2013, the Company has a net operating loss carryforward of approximately $200,000, which may be carried forward to 2033, to offset future taxable income.

		Uncertain Tax Positions:

			The Company’s income tax returns are subject to examination for years subsequent to June 30, 2010. The Company is not currently under any state or Federal tax exams.

- 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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