Income Taxes

6 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

(6)  Income Taxes

The provision (benefit) for income taxes for the periods ended June 30, 2012 and 2011, was as follows (assuming a 23% effective tax rate):

	2012			2011
Current Tax Provision:
Federal-
Taxable income	$	-		$	-
Total current tax provision	$	-		$	-
Deferred Tax Provision:
Federal-
Loss carryforwards	$	4,945		$	1,280
Change in valuation allowance		(4,945	)		(1,280	)
Total deferred tax provision	$	-		$	-

The Company had deferred income tax assets as of June 30, 2012 and December 31, 2011, as follows:

	2012			2011
Loss carryforwards	$	17,550		$	12,605
Less - Valuation allowance		(17,550	)		(12,605	)
Total net deferred tax assets	$	-		$	-

The Company provided a valuation allowance equal to the deferred income tax assets for the periods ended June 30, 2012 and December 31, 2011, because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.

As of June 30, 2012, the Company had approximately $76,300 in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and expire by the year 2032.

The Company did not identify any material uncertain tax positions.  The Company did not recognize any interest or penalties for unrecognized tax benefits.

The Company will file income tax returns in the United States. All tax years are closed by expiration of the statute of limitations.