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Income Taxes

6 Months Ended

Sep. 30, 2014

7. Income Taxes

The income tax provision consists of the following for the three and six months ended September 30, 2014 and 2013:

		Three Months Ended						Six Months Ended
		September 30						September 30
		2014			2013			2014			2013
	Current income tax expense	$	-		$	-		$	-		$	-
	Deferred income tax expense (benefit)		9,478			(59,075	)		(7,903	)		(52,257	)
Total income tax provision:		$	9,478		$	(59,075	)	$	(7,903	)	$	(52,257	)

Effective tax rate			10	%		(44	%)		(8	%)		(33	%)

The change in our effective tax rate was primarily the result of a change in statutory depletion carryforward for the six months ended September 30, 2014.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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