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INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2019
INCOME TAXES (Tables)  
Schedule of Deferred Tax Assets

Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 

2019:

 

Balance

 

Rate

 

Tax

 

Federal loss carryforward

 

$

644,648

 

21

%

 

$

135,376

 

Valuation allowance

 

(135,376

)

Deferred tax asset

 

$

-

 

2018:

 

Balance

 

Rate

 

Tax

 

Federal loss carryforward

 

$

626,094

 

21

%

 

$

131,480

 

Valuation allowance

 

(131,480

)

Deferred tax asset

 

$

-

 

Expected tax liability

A reconciliation between expected and actual tax liability is presented below.

 

 

2019

 

2018

 

Expected (Benefit) Federal rate 21%

 

$

(3,896

)

 

$

(12,765

)

 

Effect of:

 

Valuation allowance

 

3,896

 

12,765

 

Total Actual Provision

 

$

-

 

$

-