Income Taxes (Tables)

9 Months Ended

Jun. 30, 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 Nine Months Ended June 30,
	2016			2015
Expected income tax benefit at statutory rate of 34%	$	245,400		$	31,800
Change in valuation allowance		(245,400	)		(31,800	)
Income tax expense (benefit)	$	0		$	0

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:

	June 30, 2016			September 30, 2015
Deferred tax assets:
Tax benefit of net operating loss carry-forward	$	295,100		$	190,600
Book and tax difference for amortization of intangibles		45,200			35,200
Amortization of debt discount		130,900			-
Less: valuation allowance		(471,200	)		(225,800	)
Net deferred tax asset	$	0		$	0