NOTE 7 - INCOME TAXES (Details Narrative) (USD $)
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9 Months Ended | |
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Sep. 30, 2013
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Sep. 30, 2012
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Valuation allowance | $ 153,000 | $ 166,000 |
Unaudited
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Net operating loss carry forward | 1,579,000 | |
Deferred tax asset consist of a net operating loss calculated using federal and state effective tax rates equating to | $ 616,000 |
X | ||||||||||
- Definition
The amount of the valuation allowance recorded in a business combination against deductible temporary differences for which related tax benefits will be recorded as a reduction of the acquired entity's goodwill and other noncurrent intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The sum of domestic, foreign and state and local operating loss carryforwards, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of the change in the period in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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