Income Taxes

3 Months Ended

Jun. 30, 2011

Income Taxes

Income Taxes

NOTE C – INCOME TAXES

Deferred income taxes result from temporary differences between the

basis of assets and liabilities recognized for differences between

the financial statements and tax basis thereon, and for the expected

future tax benefits to be derived from net operations losses and tax

credit carry-forwards. The Company has net operating losses and has

recorded a valuation allowance equal to the tax benefit of the

accumulated net operating losses, since it is uncertain that future

taxable income will be realized during the applicable carry-forward

periods. These benefits expire between 2025 and 2030.

13

The Company?s deferred tax assets were as follows:

June 30, December 31,

2011 2010

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(Unaudited)

Deferred tax asset $ 109,000 $ 64,000

Valuation allowance (109,000) (64,000)

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Net Deferred Tax Asset $ 0 $ 0

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