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Income Taxes
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 3 – INCOME TAXES

 

 

 

As of December 31, 2014, the Company had a net operating loss carry forward of $207,485 that may be available to reduce future years’ taxable income through 2034.

 

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences for the periods presented are as follows:

 

    December 31, 2014     December 31, 2013  
Deferred tax assets:     -       -  
Net operating tax carry-forwards   $ 207,485       186,993  
Gross deferred tax asset     207,485       186,993  
Valuation allowance     (207,485 )     (186,993 )
Net deferred tax assets   $ -       -  

 

    December 31, 2014     December 31, 2013  
             
Income tax benefit at U.S federal statutory rate   $ (80,919 )     (72,927 )
Change in valuation allowance     80,919       72,927  
Net deferred tax assets   $ -       -  

 

The Company files federal and California income tax returns subject to statutes of limitations. The years ended December 31, 2014 and 2013 are subject to examination by federal and state authorities.

 

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the realization of required future taxable income is uncertain, the Company recorded a valuation allowance.