Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Net deferred tax liability

The net deferred tax liability in the accompanying balance sheets includes the following amounts of deferred tax assets and liabilities:

	December 31, 2012		December 31, 2011
Deferred tax liability	$	-	$	-
Deferred tax asset
Accrued salary		107,368		20,910
Net operation loss carry forward		405,002		296,707
Valuation allowance		(512,370)		(317,617)
Net deferred tax asset		-		-
Net deferred tax liability		-		-

Income tax expense

The components of income tax expense related to continuing operations are as follows:

	December 31, 2012		December 31, 2011
Federal
Current	$	-	$	-
Deferred		-		-
		-		-
State and Local
Current	$	-	$	-
Deferred		-		-

Reconciliation of federal statutory income tax rate to our effective income tax rate

The Company’s income tax expense differed from the statutory rates (federal 34% and state 0%) as follows:

	December 31, 2012		December 31, 2011
Statutory rate applied to earnings before income taxes	$	(367,777)	$	(305,480)
Increase in income taxes resulting from:
Non-deductible expenses		173,024		53,863
Change in deferred tax asset valuation allowance		194,753		251,617
Income Tax expense	$	-	$	-