|12 Months Ended
Oct. 31, 2011
|Income Tax [Text Block]
Income taxes vary from the amount that would be computed by applying the statutory federal income tax rate of 35%.
The tax effects of temporary differences that give rise to the Company’s deferred tax asset (liability) are as follows:
Changes in the valuation allowance relate primarily to net operating losses, resources expenditures and others which are not currently recognized. The Company has reviewed its net deferred tax assets and has not recognized potential tax benefits arising there from because at this time management believes it is more likely than not that the benefits will not be realized in future year.
For tax purpose, as of October 31, 2011, the Company has operating loss carry forwards of approximately $4,023,000 which expire in 2025 through 2031 as follow: