NOTE 5. INCOME TAXES (Details Narrative) (USD $)
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12 Months Ended | |
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Dec. 31, 2012
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Dec. 31, 2011
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Note 5. Income Taxes Details Narrative | ||
Net operating loss carry forwards | $ 5,063,000 | $ 2,041,000 |
Carryforward expiration year | Begin to expire in 2031 | |
Deferred tax asset | 1,013,000 | 408,000 |
Rate of net operating losses offset by valuation allowance | 100.00% | |
Change in the valuation allowance | $ 605,000 | $ 199,000 |
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- Details
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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- Definition
The expiration date of each operating loss carryforward included in total operating loss carryforwards, or the applicable range of such expiration dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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