v2.4.0.8

13) Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2012
Tables/Schedules |
Schedule of Deferred Tax Assets and Liabilities |
|  |  |  |  | December 31, 2012 |  | December 31, 2011
Deferred Tax Asset |  |  |  |  |  |  |
Net operating loss carryovers |  |  |  | $ 714,786 |  | $ 334,132
Derivative liability |  |  |  |  | 224,343 |  | 57,673
Fixed asset depreciation |  |  |  |  | 1,921 |  | 1,921
Total deferred tax asset |  |  |  |  | 941,050 |  | 393,726
Valuation allowance |  |  |  |  | (716,707) |  | (336,053)
Deferred tax asset, net of valuation allowance |  |  | $ 224,343 |  | $ 57,673
Deferred Tax Liabilities |  |  |  |  |  |  |
Convertible debt |  |  |  |  | $ (224,343) |  | $ (57,673)
Total deferred tax liabilities |  |  |  |  | (224,343) |  | (57,673)
Net deferred tax asset (liability) |  |  |  | $ - |  | $ -

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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