INCOME TAXES

12 Months Ended

Dec. 31, 2014

NOTE 4 - INCOME TAXES

We have experienced losses since inception and have a net operating loss for federal income tax purposes of approximately $2,055,594. A net deferred tax asset resulting from this loss carry forward in the approximate amount of $699,000 has been offset by a valuation allowance in the same amount based upon our assessment of the probability of its realization.

Our net operating loss expires according to the following schedule:


Year Ending December 31,		Amount
2031	$	105,512
2032		29,533
2033		214,637
2034		1,705,912
Total	$	2,055,594

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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