Note 5 - Income Taxes

3 Months Ended

Mar. 31, 2016

NOTE 5 – INCOME TAXES

The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate of 34% to income (loss) before income taxes. The sources of the difference are as follows:

	Three months Ended March 31, 2016			Three months Ended March 31, 2015

Expected tax at 34%	$	(2,427	)	$	(2,405	)

Increase in valuation allowance		2,427			2,405

Income tax provision	$	-		$	-

Significant components of the Company's deferred income tax assets are as follows:

	March 31, 2016			December 31, 2015

Net operating loss carryforward	$	69,057		$	66,630

Less valuation allowance		(69,057	)		(66,630	)

Income tax provision	$	-		$	-

Based on management‘s present assessment, the Company has not yet determined it to be more likely than not that a deferred tax asset of $69,057 attributable to the future utilization of the $203,109 net operating loss carryforward as of March 31, 2016 will be realized. Accordingly, the Company has maintained a 100% allowance against the deferred tax asset in the financial statements at March 31, 2016. The Company will continue to review this valuation allowance and make adjustments as appropriate. The net operating loss carryforward expires in years 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035 and 2036 in the amounts of $7,297, $12,450, $9,621, $20,306, $16,739, $15,325, $16,318, $18,203, $19,160, $20,410, $20,535, $19,605 and $7,140 respectively.

Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited.