Income taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income taxes

7.   Income taxes

The Company and its subsidiaries file separate income tax returns.

The Company is incorporated in the United States, and is subject to United States federal and state income taxes. The Company did not generate taxable income in the United States in 2015 and 2014.

The subsidiaries are incorporated in Hong Kong, and are subject to Hong Kong Profits Tax at 16.5% for the year ended December 31, 2015 and 2014.

Provision for Hong Kong profits tax has been made for the year presented as the subsidiaries have assessable profits during the year.

The following table accounts for the differences between the actual tax provision and the amounts obtained by applying the applicable statutory income tax rate of 16.5% to income before taxes for the year ended December 31, 2015 and 2014.

		Year Ended	Year Ended
		December 31, 2015	December 31, 2014
		$	$
(Loss)/income before taxes		(247,239)	(364,699)
	Computed tax benefit at Hong Kong
	income tax rate	-	-
	Valuation allowance adjustment	-	-
	Unrecognized tax losses	-	-
	Non-taxable items	-	-
	Non-deductible expenses	-	-
	Tax rebate	-	-
	Others	-	-
	Total	0	0

Deferred taxes are determined based on the temporary differences between the financial statement and income tax bases of assets and liabilities as measured by the enacted tax rates which will be in effect when these differences reverse. For the year ended December 31, 2015 and 2014, the Group has tax loss carrying-forwards, which does not recognize deferred tax assets as it is not probable that future taxable profits against which the losses can be utilized will be available in the relevant tax jurisdiction and entity.

The Company did not have U.S, taxable income due to operating in Hong Kong, SAR. The Company did not file the U.S. federal income tax returns.  The Company did not have uncertainty tax positions or events leading to uncertainty tax position within the next 12 months. No Hong Kong Corporations Profits Tax Return filings are subject to Hong Kong Inland Revenue Department examination.