Note 7 - Income Taxes

12 Months Ended

Dec. 31, 2015

Notes

Note 7 - Income Taxes

NOTE 7 – INCOME TAXES

As of December 31, 2015 and August 31, 2015, the Company had net operating loss carry forwards of $70,128 and $265,874, respectively. These amounts may be available to reduce future years’ taxable income.

	As of December 31, 2015	As of August 31, 2015
Deferred tax assets:
Net operating tax carry-forwards	$                    24,545	$                93,056
Other	-	-
Gross deferred tax assets	24,545	93,056
Valuation allowance	(24,545)	(93,056)
Net deferred tax assets	$                                -	$                            -

Realization of deferred tax asset 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 valuation allowance.

Reconciliation between statutory rate and the effective tax rate for both periods and as of December 31, 2015 and August 31, 2015:

Federal statutory rate	(35)	%
State taxes, net of federal benefit	(0.00)	%
Change in valuation allowance	35	%
Effective tax rate	0.0	%

No provision was made for Federal income tax. The Company recorded minimum franchise tax due to the State of New York, that amount is $250.