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Income Taxes
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 3 –INCOME TAXES

 

 

 

As of December 31, 2016, the Company had a net operating loss carry forward of $222,165 that may be available to reduce future years’ taxable income through 2036.

 

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:

 

    As of
December 31, 2016
    As of
December 31, 2015
 
Deferred tax assets:                
Net operating tax carry-forwards   $ 222,165       213,475  
                 
Gross deferred tax asset     222,165       213,475  
Valuation allowance     (222,165 )     (213,475 )
Net deferred tax assets   $ -       -  

 

The Company files federal and California income tax returns subject to statutes of limitations.

 

A reconciliation of the statutory federal income tax rate for the year ended December 31, 2016 and 2015 to the effective tax rate is as follows:

 

    2016     2015  
Expected federal tax     34.00 %     34.00 %
Valuation allowance     (34.00 )%     (34.00 )%
                 
Total     - %     - %

 

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 achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.