INCOME TAXES

9 Months Ended

Sep. 30, 2011

INCOME TAXES [Text Block]

NOTE 4 - INCOME TAXES

Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The Company had no uncertain tax positions.

The Company currently has net operating loss carryforwards aggregating $2,282,962, which expire through 2030.

The Company has deferred income tax assets, which have been fully reserved, as follows as of September 30, 2011 and December 31, 2010:

		2011			2010
Deferred tax assets	$	146,047		$	111,971
Valuation allowance for deferred tax assets		(146,047	)		(111,971	)
Net deferred tax assets	$	-		$	-