Quarterly report pursuant to sections 13 or 15(d)

Note 5 - Income Taxes

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Note 5 - Income Taxes
9 Months Ended
Jun. 30, 2012
Note 5 - Income Taxes:  
Note 5 - Income Taxes

Note 5 - Income Taxes

 

As of June 30, 2012 the Company had net operating loss carry forwards of approximately $(20,930) that may be available to reduce future years’ taxable income through 2017.  Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a full valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. 

 

The components of the deferred tax asset, the statutory tax rate, the effective tax rate and the elected amount of the valuation allowance are indicated below:

                                               

                                                 From September 16, 2009 (Inception)

                                                          To March 31, 2012

                                                                 

Net Operating Loss                                     $20,930

Statutory Tax Rate                                           34%

Deferred Tax Asset                                        7,100

Valuation Allowance                                    (7,100)

Net Deferred Tax Asset                                  $ --