INCOME TAXES

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Note 12. INCOME TAXES

As of December 31, 2012 and 2011 the Company had net operating loss carry-forwards of approximately $700,012 and $359,243 respectively, which will expire beginning in 2030.  A valuation allowance has been provided for the deferred tax asset as it is uncertain whether the Company will have future taxable income. A reconciliation of the benefit for income taxes with amounts determined by applying the statutory federal income rate of (34%) to the loss before income taxes is as follows:

	2012			2011
Net Operating Loss	$	(535,290	)	$	(358,844	)
Benefit for income taxes computed using the statutory rate of 34%		182,000			122,007
Permanent Differences		(66,139	)		-
Change in valuation allowance		(115,861	)		(122,007	)
Provision for income taxes	$	-		$	-

Significant components of the Company's deferred tax liabilities and assets at December 31, 2012 and 2011 are as follows:

	2012			2011
Total deferred tax assets	$	238,004		$	122,143
Valuation allowance		(238,004	)		(122,143	)
	$	-		$	-