Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2012
Income Taxes Tables  
Schedule Of Tax Assets

 

The Company has the following tax assets:

         
    December 31,   December 31,
    2011   2010
Net Operating Losses  

$

1,768,000 

 

$

1,836,000 

Depreciation and Other   (21,340)   93,840 
Valuation Allowance   (1,746,660)   (1,929,840)
   

$

 

$

Schedule Of Components Of Income Tax Expense Benefit

 


The provision for income taxes differ from the amount computed using the federal US statutory income tax rate as follows:

         
    December 31,   December 31,
    2011   2010
Provision (Benefit) at US Statutory Rate  

$

(52,200)

 

$

(213,000)

Net Operating Losses   80,240    (12,600)
Depreciation and Other   155,140    234,100 
Increase (Decrease) in Valuation Allowance   (183,180)   (8,500)
   

$

 

$