INCOME TAXES

12 Months Ended

Dec. 31, 2011

INCOME TAXES

NOTE 4 - INCOME TAXES:

	December 31
	2011			2010
Deferred tax assets and liabilities consist of the following:
Deferred tax assets:
Net operating loss carry forwards	$	376,000		$	363,000
Less valuation allowance		(376,000	)		(363,000	)
	$	-		$	-

The provision for income taxes differs from the amount computed by applying the US statutory income tax rate as follows:

	December 31,
	2011			2010
Provision for expected federal statutory rate		(35	)%		(35	)%
Loss for which no benefit is available or a valuation allowance has been recorded		35	%		35	%
		—	%		—	%

At December 31, 2011, the Company had approximately $1,075,000 of net operating loss carry forwards (“NOL’s”) available which expires in various years beginning in 2030. The deferred tax asset and related valuation increased by $13,000 during 2011. The utilization of the net operating loss carryforward has been limited as to its use pursuant to the Internal Revenue Code Section 382 due to the recent change in ownership of the Company. The benefits of these NOL’s may be reduced in the future if the Company is successful in establishing a new business.