XML 29 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
10. Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Pretax income / losses from operations

The computed benefit / expense differed from the amounts computed by applying the United States of America federal income tax rate of 34 percent and various other rates for other jurisdictions to the pretax income / losses from operations as a result of the following:

 

    2012     2011  
Computed "expected" tax benefit   $ 15,720     $ 233,010  
Reduction in income taxes resulting from income taxes in other tax jurisdictions     (15,468 )     (235,986 )
Other     (33 )     (246 )
Change in taxation rates in other jurisdictions     57,679     (184 )
Change in exchange rates     3,112     (2,522 )
Change in valuation allowance     (62,018)       2,236  
    $ (1,008)   $ (3,692 )
Deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2012 and 2011 are presented below:

 

    2012     2011  
Deferred tax assets:            
   Net operating loss carry forwards   $ 79,681     $ 141,699  
                 
   Valuation Allowance     (79,681)     (141,699 )
    $ -     $ -