XML 24 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets

The cumulative deferred tax asset for 2018 and 2017 is $10,441 and $2,575, respectively, which is calculated by multiplying a 21% estimated tax rate by the cumulative net operating loss (NOL) adjusted for the following items:

 

For the year ended December 31,   2018     2017  
Book loss for the year   $ (38,161 )   $ (12,216 )
Permanent differences:                
Meals and entertainment     704       47  
Tax loss for the year     (37,457 )     (12,263 )
                 
Estimated effective tax rate     21 %     21 %
                 
Gross Deferred tax asset   $ 7,866     $ 2,575  
Valuation allowance     (7,866 )     (2,575 )
Total Deferred tax asset     —       —  
Schedule of Components of Income Tax Expense
For the years ended December 31,   2018     2017
Balance at beginning of year   $ 2,575     $ —
Additions     7,866       2,575
Deductions     —       —
Balance at end of year   $ 10,441     $ 2,575
Schedule of Effective Income Tax Rate Reconciliation

Rate Reconciliation:

 

For the years ended December 31,   2018     2017  
Federal income tax at stator rate   $ (8,014 )   $ (2,565 )
Permanent differences     148       9.87  
Change in Valuation Allowance     7,866       2,575  
    $ —     $ —