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Components Of Income Taxes As Follows (Tables)
12 Months Ended
Sep. 30, 2013
Components Of Income Taxes As Follows  
Deferred Tax Assets As Follows

Deferred Tax Asset

 

Balance

 

Tax

 

Rate

Federal loss carryforward (expires through 2033)

$

364,130

$

54,620

 

15%

State loss carryforward (expires through 2028)

$

364,130

$

18,207

 

5%

Valuation allowance

$

-

$

(72,827)

 

-

Deferred tax asset

$

-

$

-

 

-

Income before income taxes at the statutory rate as follows

Reported income tax expense is reconciled to the amount computed on the basis of income before income taxes at the statutory rate as follows:

 

 

 

For the years ended September 30,

 

 

2013

 

2012

Statutory Benefit (Expense)

 

(20%)

 

(20%)

Increase in Valuation Allowance

 

20%

 

20%

Reported provision for Income Taxes

 

-

 

-