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Income Taxes
6 Months Ended
Jun. 30, 2013
Income Taxes  
Note 3 - Income Taxes

At June 30, 2013, we had net operating loss carry-forwards for Federal income tax purposes of approximately $9,500,000 which were available to offset future Federal taxable income, if any, through 2031. These net operating loss carry forwards are subject to an annual limitation of approximately $1,000,000. Utilization of these loss carryforwards is subject to further limitation as a result of change in ownership of the Company, as defined by Federal tax law.

 

The Company’s income tax returns remain subject to examination for the years 2009 through 2012 for federal and state purposes.