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Income Tax Provision (Tables)
6 Months Ended
Dec. 31, 2019
Income Tax Provision  
Schedule of Deferred Tax Assets

 

 

For the Reporting Period Ended

December 31,

2019

 

Net Deferred Tax Asset Non-Current:

 

Net Operating Loss Carry-Forward

 

$

40,516

 

Effective tax rate

 

21

%

Expected Income Tax Benefit from NOL Carry-Forward

 

8,508

 

Less: Valuation Allowance

 

(8,508

)

Deferred Tax Asset, Net of Valuation Allowance

 

$

-

 

Schedule of effective income tax rate reconciliation

 

 

For the Reporting Period Ended

December 31,

2019

 

Federal statutory income tax rate

 

21.0

%

Increase (reduction) in income tax provision resulting from:

 

Net Operating Loss (NOL) carry-forward

 

(21.0%)

 

Effective income tax rate

 

0.0

%