Income Taxes (Tables)

6 Months Ended

Mar. 31, 2016

Income Taxes Tables

Summary of expected income tax expense (benefit) and the actual tax expense (benefit)

The difference between the expected income tax expense (benefit) and the actual tax expense (benefit) computed by using the Federal statutory rate of 34% is as follows:

	For the Six Months Ended
	March 31, 2016			March 31, 2015
Expected Income tax benefit at statutory rate of 34 %	$	139,800		$	17,500
Change in valuation allowance		(139,800	)		(17,500	)
Income tax expense (benefit)	$	-		$	-

Summary of Deferred tax assets and liabilities

Deferred tax assets and liabilities are provided for significant income and expense items recognized in different years for tax and financial reporting purposes. Temporary differences, which give rise to a net deferred tax asset, are as follows:

	March 31, 2016			Sept. 30, 2015
Deferred tax assets:
Tax benefit of net operating loss carry-forward	$	277,800		$	190,600
Book and tax difference for amortization of intangibles		37,900			35,200
Amortization of debt discount		49,900
Less: valuation allowance		(365,600	)		(225,800	)
Net deferred tax asset	$	-		$	-