 |
| Attached files |
| File | Filename |
|---|
| 10-K - FORM 10-K - Innovative Wireless Technologies, Inc. | v309295_10k.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | Financial_Report.xls |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R5.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R4.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R3.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R8.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R7.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R6.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R9.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R2.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R1.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R16.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R11.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R12.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R15.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R10.htm |
| XML - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc. | R14.htm |
| EX-32.1 - EXHIBIT 32.1 - Innovative Wireless Technologies, Inc. | v309295_ex32-1.htm |
| EX-31.1 - EXHIBIT 31.1 - Innovative Wireless Technologies, Inc. | v309295_ex31-1.htm |
| EX-10.1 - EXHIBIT 10.1 - Innovative Wireless Technologies, Inc. | v309295_ex10-1.htm |
| EX-32.2 - EXHIBIT 32.2 - Innovative Wireless Technologies, Inc. | v309295_ex32-2.htm |
| EX-31.2 - EXHIBIT 31.2 - Innovative Wireless Technologies, Inc. | v309295_ex31-2.htm |
| EX-23.1 - EXHIBIT 23.1 - Innovative Wireless Technologies, Inc. | v309295_ex23-1.htm |
v2.4.0.6
|
INCOME TAX
|
12 Months Ended |
|
Dec. 31, 2011
|
| INCOME TAX |
NOTE
6. INCOME TAX
| At December 31, 2011, deferred tax
assets consist of: |
|
|
|
| Net operating loss
carry forward – net of tax |
|
$ |
181,305 |
|
| Start-up costs
capitalized for tax purposes |
|
|
-0- |
|
| Gross deferred tax assets |
|
|
181,305 |
|
| Valuation
allowance |
|
|
(181,305 |
) |
| Net deferred
tax assets |
|
$ |
- |
|
Realization of deferred tax assets is dependent upon sufficient
future taxable income during the period that deductible temporary
differences and net operating loss carry forwards are expected to
be available to reduce taxable income. As the achievement of
required future taxable income is uncertain, the Company recorded a
full valuation allowance. The Company’s valuation allowance
increased by $120,943 during 2011.
The difference between the statutory tax rate of 35% and the
effective tax rate of 0% is due to the valuation allowance for
deferred income tax assets.
|
| X |
- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319
Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319
Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690
+ Details
| Name: |
us-gaap_IncomeTaxDisclosureTextBlock |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
nonnum:textBlockItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
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