Note 10 - Income Taxes

12 Months Ended

Dec. 31, 2015

Notes

Note 10 - Income Taxes

Note 10 - Income Taxes

Our net operating loss carry forward as of December 31, 2015 is $1,379,895, which may be used to offset future income taxes through 2036.  Our reconciliation between the expected federal income tax benefit computed by applying the federal statutory rate to our net loss and the actual benefit for taxes on net loss for 2015 and 2014 is as follows:

	Years Ended December 31,
	2015	2014
Expected federal income tax benefit at statutory rate	$96,824	$100,513
State taxes	9,967	10,347
Change in valuation allowance	(106,791)	(110,860)
Income tax benefit	$--	$--

Our deferred tax assets as of December 31, 2015 and 2014 were as follows:

	December 31,
	2015	2014
Net operating loss	$517,461	$410,689
Valuation allowance	(517,461)	(410,689
Deferred tax assets, net of allowance	$--	$--

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. We have provided a valuation allowance of 100% of our net deferred tax asset due to the uncertainty of generating future profits that would allow us to realize our deferred tax assets.