Annual report pursuant to Section 13 and 15(d)

Income taxes TransactionsAs Follows (Details)

Income taxes TransactionsAs Follows (Details) (USD $)	Dec. 31, 2012
Net-operating loss carry-forwards for Federal tax	$ 21,100,000
deferred tax asset of approximately	7,500,000
Federal and State Statutory Rate	40.00%
Effective tax rate	0.00%
Valuation allowance of approximately	$ 1,000,000

- Definition

The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset.

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- Definition

The amount of the valuation allowance recorded as of the balance sheet date pertaining to the specified deferred tax asset for which an assessment was made that it is more likely than not that all or a portion of such deferred tax asset will not be realized through related deductions on future tax returns.

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