INCOME TAXES

3 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 4 - INCOME TAXES

The recognition of income tax expense related to uncertain tax positions is determined under the provisions of FASB ASC – 740-10.  As of September 30, 2012, the Company has not identified any uncertain tax positions requiring recognition in the condensed consolidated financial statements.  The income tax positions taken for open years are appropriately stated and supported for all open years.  The Company’s federal income tax returns for the fiscal years ended 2010, 2011 and 2012 are subject to examination by the IRS taxing authority.

As of September 30, 2012, the Company has unused contributions carryforward of $4,821 and a net operating loss carryforward of $121,691.  The unused contributions will expire in tax years ranging from 2012 through 2016.  The net operating loss carryforward is available to be used over the next twenty years.  A valuation allowance has not been provided against the deferred income tax asset for the net operating loss carryforward as management believes the Company will more likely than not be able to utilize the net operating loss carryforward prior to its expiration.