Income Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Income Tax Expense Benefit

Income tax benefit attributable to loss before income taxes differed from the amounts computed by applying the United States of America federal tax rate of 40% to loss before income taxes as a result of the following:

	June 30,			December 31,
	2012			2011
Current:
Federal	$	-		$	-
State		-			-
		-			-
Increase in valuation allowance		(1,480,000	)		(1,260,000	)
Benefit of operating loss carry forward		1,480,000			1,260,000
Provision for income taxes, net	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation

	June 30,			December 31,
	2012			2011
Statutory federal income tax rate		40.0	%		40.0	%
Increase in valuation allowance		(40.0	)%		(40.0	)%
Effective tax rate		0.0	%		0.0	%

Net Deferred Tax Assets And Liabilities

The net deferred tax assets and liabilities are comprised of the following:

	June 30,			December 31,
	2012			2011
Deferred tax assets:
Current	$	-		$	-
Non-current		6,640,000			5,160,000
		6,640,000			5,160,000
Less valuation allowance		(6,640,000	)		(5,160,000	)
Net deferred income tax asset	$	-		$	-