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Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
6 Months Ended
Jun. 30, 2012
Schedule of Effective Income Tax Rate Reconciliation:  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

Period ended June 30,

 

 

2012

 

2011

 

 

 

 

 

U.S. statutory rate

 

34.00%

 

34.00%

 

 

 

 

 

Foreign income not recognized in the U.S.

 

-34.00%

 

-34.00%

Miscellaneous permanent differences

 

6.86%

 

2.14%

Hong Kong income tax rate

 

           16.50%  

 

16.50%                 

Provision for income tax

 

23.36%

 

18.64%