At June 30, 2016 (unaudited), the Company had a net operating loss carryforward of $96,764, which begins to expire in 2034.

Components of net deferred tax asset, including a valuation allowance, are as follows at June 30, 2016 (unaudited):

	2016
Deferred tax asset:
Net operating loss carryforward	$	33,866
Total deferred tax asset		33,866
Less: Valuation allowance		(33,866)
Net deferred tax asset	$	-

Valuation allowance for deferred tax assets as of June 30, 2016 and December 31, 2015 was $33,866 and $41,125, respectively. In assessing the recovery of the deferred tax asset, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not deferred tax assets will not be realized as of June 30, 2016 and December 31, 2015 and recognized 100% valuation allowance for each period.

Reconciliation between statutory rate and the effective tax rate for both periods and as of June 30, 2016 (unaudited):

Federal statutory rate	(35.0)	%
State taxes, net of federal benefit	(0.00)	%
Change in valuation allowance	35.0	%
Effective tax rate	0.0	%