4 Income Taxes

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Income Taxes

Note 4 — Income Taxes

The components of the net deferred income tax assets and liabilities at June 30, 2012 and June 30, 2011, are as follows:

		June 30, 2012		June 30, 2011
Deferred tax asset	$	14,177	$	8,506
Valuation allowance		(14,177)		(8,506)
Net deferred tax asset	$	-	$	-

Cumulative net operating loss carryforwards at June 30, 2012 and June 30, 2011 are $40,507 and $25,019, respectively and begin to expire in 2029.

Internal Revenue Code Section 382 limits the use of net operating losses in certain situations where changes occur in the stock ownership of a company. The availability and timing of net operating losses carried forward to offset future taxable income will be significantly limited due to the changes of ownership from the bankruptcy court actions.