XML 22 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
12 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
NOTE 6. INCOME TAXES

Net deferred tax assets are $0. 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 100% valuation allowance. Management believes it is likely that any deferred tax assets will not be realized.

 

     

March 31, 2016

 

March 31, 2015

 

         
Net loss before taxes             $ 15,564         $ 22,438
Statutory rate     35% 35%
         
Computed expected tax recovery                   5,447               7,853
Change in valuation allowance     (5,447) (7,853)
         
Income tax provision                        –                      –

 

 

The accumulated net loss before taxes is $89,504, resulting in an aggregate deferred tax asset/recovery of $31,326. The Company has recorded a 100% valuation allowance due to the uncertainty of realization.

 

The Company’s aggregate net operating losses of $89,504 expire as follows:

 

March 31, 2033 - $ 555

March 31, 2034 - 50,947

March 31, 2035 - 22,438

March 31, 2036- 15,564

$89,504