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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2014
Income Taxes [Abstract]  
Schedule of components of the company's deferred tax liabilities and assets

 

2013: 
Deferred tax assets:
    
Federal net operating loss $142,000 
State net operating loss  21,000 
Total deferred tax assets  163,000 
Less valuation allowance  (163,000)
  $-- 

 

2014: 
Deferred tax assets:
    
Federal net operating loss $457,000 
State net operating loss  67,000 
Total deferred tax assets  524,000 
Less valuation allowance  (524,000)
  $-- 
Schedule of reconciliation of the effective income tax rate to the federal statutory rate

 

Federal income tax rate  (34.0)%
State tax, net of federal benefit  (5.0)
Increase in valuation allowance  39.0 
Effective income tax rate  -%