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Income Tax Disclosure
12 Months Ended
Dec. 31, 2018
Notes  
Income Tax Disclosure As of December 31, 2018, we had a net operating loss carry-forward of approximately $(6,708,160) and a deferred tax asset of approximately $1,408,714 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years.  However, due to the uncertainty of future events

we have booked valuation allowance of $(1,708,714).  FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.  At September 30, 2018, the Company had not taken any tax positions that would require disclosure under FASB ASC 740.

 

 

 

 

 

December 31, 2018

December 31, 2017

Deferred Tax Asset

 $ 1,408,714 

 $ 670,103 

Valuation Allowance

  (1,408,714)

  (670,103)

Deferred Tax Asset (Net)

$                            -

$                            -

.

The Company is subject to tax in the U.S. federal and Washington jurisdictions. These filings are subject to a three-year statute of limitations unless the returns have not been filed at which point the statute of limitations becomes indefinite. No filings are currently under examination. No adjustments have been made to reduce the estimated income tax benefit at year end. Any valuations relating to these income tax provisions will comply with U.S. generally Accepted Accounting principles.