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Net Operating Loss Carryforwards
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9 Months Ended |
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Sep. 30, 2012
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| Notes to Financial Statements | |
| Note 3 - Net Operating Loss Carryforwards | At September 30, 2012, 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.
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