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Income Taxes

3 Months Ended

Jun. 30, 2014

7. Income Taxes

The income tax provision consists of the following for the three months ended June 30, 2014 and 2013:

	2014			2013

Current income tax expense	$	-		$	-
Deferred income tax (benefit) expense		(17,381	)		6,818
Total income tax provision	$	(17,381	)	$	6,818

This change in our effective tax rate was primarily the result of an increase in statutory depletion carryforward for the three months ended June 30, 2014.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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