7. Income Taxes (Details 1) (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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Income Taxes Details 1 | ||
Income before taxes | $ 100,423 | $ 156,201 |
Income tax expense (benefit) on above amount at federal statutory rate | 34,100 | 53,100 |
State income tax expense (benefit), net of federal expense (benefit) | 4,000 | 6,200 |
Permanent differences | 7,600 | 5,600 |
Other | 14,600 | (800) |
Change in valuation allowance | (60,300) | (61,300) |
Provision for income taxes | $ 2,800 |
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- Definition
Custom Element. No definition available.
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Custom Element. No definition available.
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Custom Element. No definition available.
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Custom Element. No definition available.
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- Definition
Custom Element. No definition available.
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- Definition
Income before income taxes for oil and gas producing activities. 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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