7. Income Taxes (Details 1) (USD $)
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12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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Income Taxes Details 1 | ||
(Loss) income before taxes | $ (60,239) | $ 100,423 |
Income tax (benefit) expense on above amount at federal statutory rate | (20,500) | 34,100 |
State income tax expense (benefit), net of federal expense (benefit) | (2,400) | 4,000 |
Permanent differences | 9,300 | 7,600 |
Other | (15,000) | 14,600 |
Change in valuation allowance | 28,600 | (60,300) |
Provision for income taxes | $ 0 | $ 0 |
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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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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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