INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of the Company’s deferred tax assets are as follows:

Net operating loss carryforward	$	187,101
Differences resulting from use of cash basis for tax purposes		-
Tax Rate		35	%
Total deferred tax assets		65,485
Less valuation allowance		(65,485	)

Net deferred tax assets	$	-

Summary of Operating Loss Carryforwards [Table Text Block]

The net operating losses expire as follows:
December 31, 2026	$	127,349
December 31, 2027		57,652
December 31, 2028		420
December 31, 2029		420
December 31, 2030		420
December 31, 2031		420
December 31, 2032		420
Net operating loss carryover	$	187,101

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation of the differences between the statutory tax rate and the effective tax rate is:

	December 31, 2012
Federal statutory tax rate		35.0	%
Effective tax rate		35.0	%
Valuation allowance		(35.0	)%
Net effective tax rate		0	%

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Reconciliation of net loss for income tax purposes to net loss per financial statement purposes:

Costs capitalized for tax purposes	$	(172,869,124	)
Delaware franchise taxes deductible on Company's tax return		187,101
Net loss for the period from inception (November 15, 2005) to December 31, 2012	$	(173,056,225	)

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

ARROW RESOURCES DEVELOPMENT INC 10-K/A