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Note 5 - Income Taxes: Income tax provisions (Tables)
3 Months Ended
Mar. 31, 2014
Tables/Schedules  
Income tax provisions

 

The provision (benefit) for income taxes for the period ended March 31, 2014 was as follows (assuming a 15% effective tax rate):

 

 

 

 

Three Months Ended March 31, 2014

 

$

 

 

Current Tax Provision

 

  Federal-

 

    Taxable income

0

      Total current tax provision

0

 

 

Deferred Tax Provision

 

  Federal-

 

    Loss carry forwards

19

      Change in valuation allowance

(19)

        Total deferred tax provision

0

 

 

The Company had deferred income tax assets as of March 31, 2014 and December 31, 2013 as follows: