2.4.0.8000120 - Disclosure - Note 7 - Income Taxestruefalsefalse1false falsefalseD120701_130630http://www.sec.gov/CIK0001407583duration2012-07-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureTextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes2false 2us-gaap_IncomeTaxDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Note 7 - Income Taxes   The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements.  This standard requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position.  If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.  As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10.     Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.   As of June 30, 2013, the Company had no accrued interest and penalties related to uncertain tax positions. The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rates of 34% to pretax income from continuing operations for the year ended June 30, 2013 and 34% for the year ended June 30, 2012 due to the following:   Deferred tax assets and the valuation account are as follows:   <table border="0" cellspacing="0" cellpadding="0" width="667" style='width:500.25pt;margin-left:4.65pt;border-collapse:collapse'> <tr style='height:13.95pt'> <td width="18" valign="bottom" style='width:13.6pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="293" valign="bottom" style='width:219.4pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="27" valign="bottom" style='width:20.55pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="329" colspan="3" valign="bottom" style='width:246.7pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> For the Years Ended </td> </tr> <tr style='height:13.95pt'> <td width="18" valign="bottom" style='width:13.6pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="293" valign="bottom" style='width:219.4pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="27" valign="bottom" style='width:20.55pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="329" colspan="3" valign="bottom" style='width:246.7pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> June 30, </td> </tr> <tr style='height:13.95pt'> <td width="18" valign="bottom" style='width:13.6pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="293" valign="bottom" style='width:219.4pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="27" valign="bottom" style='width:20.55pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="149" valign="bottom" style='width:111.7pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> 2013 </td> <td width="28" valign="bottom" style='width:20.65pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="152" valign="bottom" style='width:114.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> 2012 </td> </tr> <tr style='height:13.95pt'> <td width="311" colspan="2" valign="bottom" style='width:233.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> Deferred tax asset: </td> <td width="27" valign="bottom" style='width:20.55pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="149" valign="bottom" style='width:111.7pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="28" valign="bottom" style='width:20.65pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="152" valign="bottom" style='width:114.35pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> </tr> <tr style='height:13.95pt'> <td width="18" valign="bottom" style='width:13.6pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="293" valign="bottom" style='width:219.4pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> Net operating loss carry forward </td> <td width="27" valign="bottom" style='width:20.55pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> $ </td> <td width="149" valign="bottom" style='width:111.7pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> 3,073,962 </td> <td width="28" valign="bottom" style='width:20.65pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>  $ </td> <td width="152" valign="bottom" style='width:114.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> 1,958,897  </td> </tr> <tr style='height:13.95pt'> <td width="18" valign="bottom" style='width:13.6pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="293" valign="bottom" style='width:219.4pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> Valuation allowance </td> <td width="27" valign="bottom" style='width:20.55pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="149" valign="bottom" style='width:111.7pt;border:none;border-bottom:solid windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> (3,073,962) </td> <td width="28" valign="bottom" style='width:20.65pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>   </td> <td width="152" valign="bottom" style='width:114.35pt;border:none;border-bottom:solid windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'>       (1,958,897) </td> </tr> <tr style='height:14.65pt'> <td width="18" valign="bottom" style='width:13.6pt;padding:0in 5.4pt 0in 5.4pt;height:14.65pt'>   </td> <td width="293" valign="bottom" style='width:219.4pt;padding:0in 5.4pt 0in 5.4pt;height:14.65pt'> Deferred tax assets, net </td> <td width="27" valign="bottom" style='width:20.55pt;padding:0in 5.4pt 0in 5.4pt;height:14.65pt'> $ </td> <td width="149" valign="bottom" style='width:111.7pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:14.65pt'> 0   </td> <td width="28" valign="bottom" style='width:20.65pt;padding:0in 5.4pt 0in 5.4pt;height:14.65pt'>  $ </td> <td width="152" valign="bottom" style='width:114.35pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:14.65pt'> 0   </td> </tr> </table>   The components of income tax expense are as follows:   <table border="0" cellspacing="0" cellpadding="0" width="667" style='width:500.25pt;margin-left:4.65pt;border-collapse:collapse'> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="342" colspan="3" valign="bottom" style='width:256.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> For the Years Ended </td> </tr> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="342" colspan="3" valign="bottom" style='width:256.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> June 30, </td> </tr> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="162" valign="bottom" style='width:121.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 2013 </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="153" valign="bottom" style='width:114.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 2012 </td> </tr> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> Current Federal tax </td> <td width="27" valign="bottom" style='width:20.05pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> $ </td> <td width="162" valign="bottom" style='width:121.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 0 </td> <td width="27" valign="bottom" style='width:20.05pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>  $ </td> <td width="153" valign="bottom" style='width:114.95pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 0 </td> </tr> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> Current State tax </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="162" valign="bottom" style='width:121.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 0 </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="153" valign="bottom" style='width:114.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 0 </td> </tr> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> Change in NOL benefit </td> <td width="27" valign="bottom" style='width:20.05pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="162" valign="bottom" style='width:121.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 1,115,065 </td> <td width="27" valign="bottom" style='width:20.05pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="153" valign="bottom" style='width:114.95pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> 1,341,613 </td> </tr> <tr style='height:15.2pt'> <td width="18" valign="bottom" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> Change in valuation allowance </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="162" valign="bottom" style='width:121.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> (1,115,065) </td> <td width="27" valign="bottom" style='width:20.05pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'>   </td> <td width="153" valign="bottom" style='width:114.95pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.2pt'> (1,341,613) </td> </tr> <tr style='height:15.95pt'> <td width="18" valign="bottom" style='width:13.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.95pt'>   </td> <td width="280" valign="bottom" style='width:210.2pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.95pt'> Total </td> <td width="27" valign="bottom" style='width:20.05pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.95pt'> $ </td> <td width="162" valign="bottom" style='width:121.75pt;border:none;border-bottom:double windowtext 2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.95pt'> 0 </td> <td width="27" valign="bottom" style='width:20.05pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.95pt'>  $ </td> <td width="153" valign="bottom" style='width:114.95pt;border:none;border-bottom:double windowtext 2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.95pt'> 0 </td> </tr> </table>   The potential income tax benefit of these losses has been offset by a full valuation allowance.   As of June 30, 2013 and 2012, the Company has an unused net operating loss carry-forward balance of $9,041,066 and $5,761,462 that is available to offset future taxable income. This unused net operating loss carry-forward balance begins to expire in 2030.   A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:     <table border="0" cellspacing="0" cellpadding="0" width="678" style='width:508.5pt;margin-left:-8.1pt;border-collapse:collapse'> <tr style='height:15.0pt'> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="276" colspan="3" valign="bottom" style='width:206.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> Years Ended June 30, </td> </tr> <tr style='height:15.75pt'> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="132" valign="bottom" style='width:98.95pt;border:none;border-bottom:solid black 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> 2013 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="122" valign="bottom" style='width:91.25pt;border:none;border-bottom:solid black 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> 2012 </td> </tr> <tr style='height:15.75pt'> <td width="18" valign="top" style='width:13.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> Unrecognized tax benefits, beginning balance </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> $ </td> <td width="132" valign="bottom" style='width:98.95pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> 0 </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> $ </td> <td width="122" valign="bottom" style='width:91.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> 0 </td> </tr> <tr style='height:18.9pt'> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:18.9pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;padding:0in 5.4pt 0in 5.4pt;height:18.9pt'> Additions based on tax positions related to current year </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:18.9pt'>   </td> <td width="132" valign="bottom" style='width:98.95pt;padding:0in 5.4pt 0in 5.4pt;height:18.9pt'> 0 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:18.9pt'>   </td> <td width="122" valign="bottom" style='width:91.25pt;padding:0in 5.4pt 0in 5.4pt;height:18.9pt'> 0 </td> </tr> <tr style='height:15.0pt'> <td width="18" valign="top" style='width:13.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> Additions for tax positions of prior years </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="132" valign="bottom" style='width:98.95pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> 0 </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="122" valign="bottom" style='width:91.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> 0 </td> </tr> <tr style='height:15.0pt'> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> Reductions for tax positions of prior years </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="132" valign="bottom" style='width:98.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> 0 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>   </td> <td width="122" valign="bottom" style='width:91.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> 0 </td> </tr> <tr style='height:15.75pt'> <td width="18" valign="top" style='width:13.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> Reductions in benefit due to income tax expense </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="132" valign="bottom" style='width:98.95pt;border:none;border-bottom:solid black 1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> 0 </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>   </td> <td width="122" valign="bottom" style='width:91.25pt;border:none;border-bottom:solid black 1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> 0 </td> </tr> <tr style='height:16.5pt'> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'>   </td> <td width="362" valign="bottom" style='width:271.3pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> Unrecognized tax benefits, ending balance </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> $ </td> <td width="132" valign="bottom" style='width:98.95pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> 0 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> $ </td> <td width="122" valign="bottom" style='width:91.25pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> 0 </td> </tr> </table>   At June 30, 2013 and 2012, the Company had no unrecognized tax benefits that, if recognized, would affect the effective tax rate.   The Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months.    As of June 30, 2013 and 2012, the Company had no accrued interest or penalties related to uncertain tax positions.   The tax years that remain subject to examination by major taxing jurisdictions are those for the years ended June 30, 2013, 2012, 2011, 2010 and 2009.falsefalsefalsenonnum:textBlockItemTypenaThe 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 false0Note 7 - Income TaxesfalseNote 7 - Income TaxesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.libertysilvercorp.com/20130630/role/idr_DisclosureNote7IncomeTaxes12