5. Income Taxes

The Company has a net operating loss carried forward of $3,345,317 available to offset taxable income in future years which commence expiring in fiscal 2027. The Company is subject to United States federal and state income taxes at an approximate rate of 34%. As at December 31, 2016 and 2015, the Company had no uncertain tax positions.


	2016		2015

Income tax recovery at statutory rate		-		-

Permanent differences and other		-		-
Valuation allowance change		-		-

Provision for income taxes		–		–

The significant components of deferred income tax assets and liabilities at December 31, 2016 and 2015 are as follows:


	2016			2015

Net operating loss carried forward		1,137,408			1,137,408

Valuation allowance		(1,137,408	)		(1,137,408	)

Net deferred income tax asset		–			–