Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v2.4.0.6
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2012
INCOME TAXES [Abstract]  
Schedule of Income Tax Provision

   
9/30/2012
   
9/30/2011
 
FEDERAL
           
Current
 
$
0
   
$
0
 
Deferred
   
0
     
0
 
STATE
               
Current
   
0
     
100
 
Deferred
   
0
     
0
 
TOTAL PROVISION
 
$
0
   
$
100
 

Schedule of Deferred Income Tax Assets and Liabilities

   
9/30/2012
   
9/30/2011
 
DEFERRED TAX ASSETS
           
Current
 
$
0
   
$
0
 
Noncurrent
               
Net operating losses
   
336,029
     
28,923
 
Related party interest
   
0
     
0
 
Differences in book/tax depreciation
   
0
     
0
 
Total noncurrent
 
$
336,029
   
$
28,923
 
Valuation Allowance
   
(336,029
)
   
(28,923
)
NET DEFERRED TAX ASSET
   
0
     
0
 
DEFERRED TAX LIABILITIES
   
0
     
0
 
NET DEFERRED TAXES
 
$
0
   
$
0
 

Summary of Federal Net Operating Loss Carryforwards

Amount
 
Expiration
$
3,203
 
9/30/2024
 
7,695
 
9/30/2025
 
18,447
 
9/30/2026
 
16,876
 
9/30/2027
 
17,986
 
9/30/2028
 
8,596
 
9/30/2029
 
7, 713
 
9/30/2030
 
64,097
 
9/31/2031
 
1,535,757
 
9/31/2032
$
1,680,370
 
                              Total

Schedule of Effective Income Tax Rate Reconciliation

   
9/30/2012
   
9/30/2011
 
Expected provision (based on statutory rate)
 
$
(307,455
)
 
$
(12,146
)
Effect of:
               
Increasein valuation allowance
   
307,152
     
10,790
 
State minimum tax, net of federal benefit
   
0
     
85
 
Non-deductible expense
   
303
     
802
 
Temporary differences due to depreciation
   
0
     
0
 
Graduated rates
   
0
     
569
 
                 
Total actual provision
 
$
0
   
$
100