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INCOME TAXES
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES

2. INCOME TAXES

As of December 31, 2019, the Company had net operating loss carry forwards of approximately $127,311 that may be available to reduce future year's taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

 

The provision for federal income tax consists of the following for the years ended December 31:

 

  2019   2018
Current $ -   $ -
Deferred   -     -
Net provision for income taxes $ -   $ -
           

 

The difference between the effective rate reflected in the provision for income taxes on loss before taxes and the amounts determined by applicable statutory U.S. tax rate for the years ended December 31, 2019 and 2018 are analyzed below:

  2019   2018
U.S. federal statutory income tax rate 21%   21%
Provisional re-measurement of deferred taxes 0%   0%
Changes in valuation allowance (21)%   (21)%
Effective income tax rate 0%   0%

 

Significant components of the Company's deferred taxes as of December 31, 2019 and 2018 were as follows:

 

Deferred tax asset attributable to: December 31, 2019   December 31, 2018
Net operating loss carryover $ (26,735)   $ (18,104)
Less: valuation allowance   (26,735)     (18,104)
Net deferred tax asset $ -   $ -