Income Taxes

12 Months Ended

Jan. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 4. INCOME TAXES

The provision for income taxes consists of the following:

	Year ended January 31,
	2013			2012
Current
Federal	$	—		$	—
State	—			—
Deferred
Federal	(27,156		)	(18,523		)
State	(4,204		)	(2,867		)
Change in valuation allowance	31,360			21,390
	$	—		$	—

The Company’s income tax rate computed at the statutory federal rate of 34% differs from its effective tax rate primarily due to permanent items, state taxes and the change in the deferred tax asset valuation allowance.

	Year ended January 31,
	2013		2012
Income tax at statutory rate	34.00	%	34.00	%
State income taxes, net of federal benefit	3.30		3.30
Change in valuation allowance	(37.30	)	(37.30	)
Total	0.00	%	0.00	%

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and tax liabilities are as follows:

	January 31,
	2013			2012
Net operating loss	$	3,232,483		$	3,201,123
Gross deferred tax assets:	3,232,483			3,201,123
Less: valuation allowance	(3,232,483		)	(3,201,123		)
Net deferred tax asset	$	—		$	—

As of January 31, 2013 the Company had net operating loss carryforwards of approximately $8,573,000 which may be used to offset future taxable income and expire through the year 2033.  Due to changes in control the availability of the net operating loss carryforwards to offset future taxable income may be limited.