Note M - Income Taxes For the year ended August 31, 2013 the company has cumulative Federal NOL carry forwards available of $9,723,673 to be used against current and future taxable income. The net operating loss will be carried forward until 2026. Statutory federal income tax rate: 34% http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9663441 Go GLER!