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Income Taxes
9 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Income Taxes

 

Note 6: Income Taxes

 

Since inception the Company has been in a cumulative net loss position. The Company had net operating loss carry forwards at March 31, 2012 of $960,099 which expire beginning in 2030. The Company has provided a full valuation allowance for all deferred tax assets because of the uncertainty regarding the utilization of the net operating loss carryforwards.