Income Taxes

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Income Taxes

Note  3. Income Taxes

The Company uses the liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes.   Since its inception through September 30, 2011, the Company has incurred net losses and, therefore, has no tax liability.  The net deferred tax asset generated by the loss carry-forward has been fully reserved.  The cumulative net operating loss carry-forward is approximately $58,420 and will expire 20 years from the date the loss was incurred.

The Company did not identify any material uncertain tax positions on returns that have been filed or that will be filed.

The Company has filed income tax returns in the United States. All of the Company’s tax years remain open and subject to examination.