INCOME TAXES

3 Months Ended

Mar. 31, 2013

Notes

INCOME TAXES

NOTE 4 - INCOME TAXES

Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due.  Deferred taxes related to differences between the basis of assets and liabilities for financial and income tax reporting will either be taxable or deductible when the assets or liabilities are recovered or settled.  The difference between the basis of assets and liabilities for financial and income tax reporting are not material therefore, the provision for income taxes from operations consist of income taxes currently payable.

There was no provision for income tax for the six months ended March 31, 2013 and 2012.

Due to the uncertainty of utilizing the approximate $711,917 and $565,977 in net operating loss carryforwards for the six months ended March 31, 2013 and 2012 respectively, and realizing the deferred tax assets in the future, an offsetting valuation allowance has been established for the full amount of the deferred tax assets.

The losses are available to offset future taxable income through 2034.

	March 31, 2012	September 30, 2012
Deferred tax assets	$ 249,171	$ 198,092
Less: valuation allowance	(249,171)	(198,092)
Totals	$ --	$ --