Due to the Company’s net loss from inception on April 20, 2013 to May 31, 2019, there was no provision for income taxes recorded. As a result of the Company’s losses to date, there exists doubt as to the ultimate realization of the deferred tax assets. Accordingly, a valuation allowance equal to the total deferred tax assets has been recorded at May 31, 2019.

The components of net deferred tax assets are as follows:

Income tax provision at the federal statutory rate	21%
Effect on operating losses	(21%)
	-

Changes in the net deferred tax assets consist of the following:

	May 31,			May 31,
	2019			2018
Net operating loss carry forward	$	35,192		$	27,031
Effect of change in the statutory rate		-			(10,812	)
Valuation allowance		(35,192	)		(16,219	)
Net deferred tax asset	$	-		$	-

A reconciliation of income taxes computed at the statutory rate is as follows:

	May 31,			May 31,
	2019			2018
Income tax (expense) benefit at statutory rate	$	8,161		$	3,516
Change in valuation allowance		(8,161	)		(3,516	)
Income tax expense	$	-		$	-

The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits.