INCOME TAXES
 3 Months Ended
Jun. 30, 2012
Income Tax Disclosure [Abstract]  
INCOME TAXES

 

The Company had no income tax expense during the reported period due to net operating losses.

 

A reconciliation of income tax expense to the amount computed at the statutory rates is as follows:

 

    June 30,
    2012   2011
Loss for the 3 months ended June 30, 2012   $ (199,756 )   $ (61,020 )
Average statutory tax rate     35 %     35 %
                 
Expected income tax provision   $ (69,915 )   $ (21,357 )
Unrecognized tax losses     69,915       21,357  
                 
Income tax expense   $ —     $ —  

 

The Company has net operating losses carried forward of approximately $1,829,000 for tax purposes which will expire in 2027 through 2032 if not utilized beforehand.