Income Taxes

12 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

8. INCOME TAXES

A reconciliation of income tax expense to the amount computed at the statutory rate is as follows:

	2019			2018
Net loss for the year	$	(32,892	)	$	(36,342	)
Statutory tax rate		21.00	%		27.50	%
Computed expected (benefit) income taxes		(6,907	)		(9,994	)
Income tax benefit not recognized		6,907			9,994
	$	-		$	-

Significant components of deferred income tax assets are as follows:

	2019			2018
Operating losses carried forward	$	140,000		$	140,000
Valuation allowance		(140,000	)		(140,000	)
	$	-		$	-

The Company has incurred operating losses of approximately $689,000 which, if unutilized, will expire through to 2039. Future tax benefits, which may arise as a result of these losses, have not been recognized in these financial statements, and have been offset by a valuation allowance. The following table lists the fiscal year in which the loss was incurred and the expiration date of the operating loss carry forwards:

	Amount		Expiration Date
		37,000	2027
		68,000	2028
		22,000	2029
		13,000	2030
		88,000	2031
		107,000	2032
		125,000	2033
		54,000	2034
		57,000	2035
		30,000	2036
		19,000	2037
		36,000	2038
		33,000	2039
Total income tax operating loss carry forward		689,000