Taxes on Income

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 3 - Taxes on Income

Income tax expense is $-0- for both 2012 and 2011, including $-0- in current taxes and $-0- in deferred taxes for both 2012 and 2011.

A reconciliation of income tax expense recognized to income taxes at statutory rates is as follows:

	Year Ended December 31,
	2012			2011
Income tax at statutory rates		(34.0	)%		(34.0	)%
Change in valuation allowance		34.0	%		34.0	%
Total income tax expense rate		0.0	%		0.0	%

At December 31, 2012, the Company has net operating loss carryforwards (“NOLs”) of approximately $272,000 that can be used to offset future taxable income, and such NOLs result in a gross deferred tax asset of approximately $93,000 at that date. These NOLs expire in varying amounts through 2032. Realization of these NOLs is subject to annual limitations under current IRS regulations pursuant to change in control provisions and is dependent on the existence of future taxable income. At December 31, 2012 and 2011, a valuation allowance has been recognized for the entire amount of the Company's net deferred tax asset. The valuation allowance increased by $5,000 in 2012, increasing from $87,000 at December 31, 2011 to $92,000 at December 31, 2012.