2.4.0.80016 - Disclosure - Income Taxestruefalsefalse1false falsefalseFrom2012-05-01to2013-04-30http://www.sec.gov/CIK0001492116duration2012-05-01T00:00:002013-04-30T00:00:001true 1us-gaap_IncomeTaxDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Income Tax Disclosure [Abstract]2false 2us-gaap_IncomeTaxDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Note 9 - Income taxes   The provision (benefit) for income taxes for the years ended April 30, 2013, and 2012 was as follows (assuming a 34 percent effective tax rate):   <table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="6" style="text-align: center; text-indent: 0pt">Year Ended April 30,</td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 2px solid"> </td> <td style="border-bottom: black 2px solid"> </td> <td colspan="2" style="border-bottom: black 2px solid; text-align: center; text-indent: 0pt">2013</td> <td nowrap="nowrap" style="border-bottom: black 2px solid; text-align: left"> </td> <td style="border-bottom: black 2px solid"> </td> <td colspan="2" style="border-bottom: black 2px solid; text-align: center; text-indent: 0pt">2012</td> <td nowrap="nowrap" style="border-bottom: black 2px solid; text-align: left"> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt">Current Tax Provision:</td> <td> </td> <td colspan="2"> </td> <td nowrap="nowrap" style="text-align: left"> </td> <td> </td> <td colspan="2"> </td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 56pt; text-indent: 0pt">Federal-</td> <td> </td> <td colspan="2"> </td> <td nowrap="nowrap" style="text-align: left"> </td> <td> </td> <td colspan="2"> </td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2px; text-indent: 0pt">  Taxable income</td> <td style="padding-bottom: 2px"> </td> <td style="border-bottom: black 2px solid; text-align: left">$</td> <td style="border-bottom: black 2px solid; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px"> </td> <td style="text-align: left; padding-bottom: 2px"> </td> <td style="border-bottom: black 2px solid; text-align: left">$</td> <td style="border-bottom: black 2px solid; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 4px; text-indent: 0pt">     Total current tax provision</td> <td style="padding-bottom: 4px"> </td> <td style="border-bottom: black 4px double; text-align: left">$</td> <td style="border-bottom: black 4px double; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px"> </td> <td style="padding-bottom: 4px"> </td> <td style="border-bottom: black 4px double; text-align: left">$</td> <td style="border-bottom: black 4px double; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px"> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt">Deferred Tax Provision:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td nowrap="nowrap" style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-left: 56pt; text-indent: 0pt">Federal-</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td nowrap="nowrap" style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt">  Loss carryforwards</td> <td style="text-align: right"> </td> <td style="text-align: left">$</td> <td style="text-align: right">20,101</td> <td nowrap="nowrap" style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">19,922</td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2px; padding-left: 54pt; text-indent: 0pt"> Change in valuation allowance</td> <td style="text-align: right; padding-bottom: 2px"> </td> <td style="border-bottom: black 2px solid; text-align: left">$</td> <td style="border-bottom: black 2px solid; text-align: right">(20,101</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px">)</td> <td style="padding-bottom: 2px"> </td> <td style="border-bottom: black 2px solid; text-align: left">$</td> <td style="border-bottom: black 2px solid; text-align: right">(19,922</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px">)</td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 4px; text-indent: 0pt">     Total deferred tax provision</td> <td style="text-align: right; padding-bottom: 4px"> </td> <td style="border-bottom: black 4px double; text-align: left">$</td> <td style="border-bottom: black 4px double; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px"> </td> <td style="text-align: right; padding-bottom: 4px"> </td> <td style="border-bottom: black 4px double; text-align: left">$</td> <td style="border-bottom: black 4px double; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px"> </td></tr> </table>    The Company had deferred income tax assets as of April 30, 2013, and 2012, as follows:   <table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="6" style="text-align: center; text-indent: 0pt">April 30,</td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 2px solid"> </td> <td style="border-bottom: black 2px solid"> </td> <td colspan="2" style="border-bottom: black 2px solid; text-align: center; text-indent: 0pt">2013</td> <td nowrap="nowrap" style="border-bottom: black 2px solid; text-align: left"> </td> <td style="border-bottom: black 2px solid"> </td> <td colspan="2" style="border-bottom: black 2px solid; text-align: center; text-indent: 0pt">2012</td> <td nowrap="nowrap" style="border-bottom: black 2px solid; text-align: left"> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; text-indent: 0pt">  Loss carryforwards</td> <td style="text-align: right"> </td> <td style="text-align: left">$</td> <td style="text-align: right">60, 845</td> <td nowrap="nowrap" style="text-align: left"> </td> <td style="text-align: left"> </td> <td style="text-align: left">$</td> <td style="text-align: right">40,744</td> <td nowrap="nowrap" style="text-align: left"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2px; text-indent: 0pt">  Less - Valuation allowance</td> <td style="text-align: right; padding-bottom: 2px"> </td> <td style="border-bottom: black 2px solid; text-align: left"> </td> <td style="border-bottom: black 2px solid; text-align: right">(60,845</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px">)</td> <td style="text-align: left; padding-bottom: 2px"> </td> <td style="border-bottom: black 2px solid; text-align: left"> </td> <td style="border-bottom: black 2px solid; text-align: right">(40,744</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px">)</td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 4px; text-indent: 0pt">     Total net deferred tax assets</td> <td style="padding-bottom: 4px"> </td> <td style="border-bottom: black 4px double; text-align: left">$</td> <td style="border-bottom: black 4px double; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px"> </td> <td style="padding-bottom: 4px"> </td> <td style="border-bottom: black 4px double; text-align: left">$</td> <td style="border-bottom: black 4px double; text-align: right">-</td> <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px"> </td></tr> </table>   The Company provided a valuation allowance equal to the deferred income tax assets for the fiscal year ended April 30, 2013 because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards. As of April 30, 2013, the Company had approximately $178,958 (April 30, 2012 - $119,837) in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and begin to expire in the year 2030.   The Company accounts for income taxes in accordance with ASC Topic No. 740, “Income Taxes.” This standard requires the Company to provide a net deferred tax asset or liability equal to the expected future tax benefit or expense of temporary reporting differences between book and tax accounting and any available operating loss or tax credit carryforwards.   The Company has no tax positions at April 30, 2013 or April 30, 2012 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.   The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the period ended April 30, 2013 the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at April 30, 2013 or April 30, 2012.   The tax returns for the years ended April 30, 2013, 2012 and 2011 are subject to examination by the Internal Revenue Service.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=6881521&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 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0Note 9 - Income TaxesfalseIncome TaxesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://FCPS/role/IncomeTaxes12