v2.4.0.6
Income Taxes
 12 Months Ended
Dec. 31, 2011
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
NOTE 3.  INCOME TAXES
 
We did not provide any current or deferred U.S. federal income tax provision or benefit for the period presented because we have experienced operating losses since inception. Per authoritative guidance pursuant to accounting for income tax and uncertainty in income taxes, when it is more likely than not that a tax asset cannot be realized through future income, the Company must allow for this future tax benefit.  We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.
 
The components of the Company’s deferred tax asset are as follows as of December 31, 2011:
 
       
   
December 31, 2011
  
Net operating loss carry forward  at 35%
  
$
44,948
  
Valuation allowance
    
(44,948
)
Net deferred tax asset
  
$
-
  
  
A reconciliation of income taxes computed at the statutory rate to the income tax amount recorded is as follows:  
 
       
   
Since Inception
  
Tax at statutory rate (35%)
  
$
44,948
  
Increase in valuation allowance
    
(44,948
)
Net deferred tax asset
  
$
-
  
 
At the date of inception, the Company had no gross unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in future periods. At December 31, 2011, the amount of gross unrecognized tax benefits before valuation allowances and the amount that would favorably affect the effective income tax rate in future periods after valuation allowances were $0. The Company has not accrued any additional interest or penalties.  
  
The Company files income tax returns in the United States federal jurisdiction.  The Company will file its U.S. federal return for the year ended December 31, 2011 in 2012. Once filed, the 2011 U.S. federal return will be considered as open tax years.  No tax returns are currently under examination by any tax authorities.  The Company has not accrued any additional interest or penalties or the delinquency of our outstanding tax returns as we have incurred net losses in those periods still outstanding.