Income Taxes

6 Months Ended

Jun. 30, 2024

Income Taxes [Abstract]

Income Taxes

Note 4. Income Taxes

As of June 30, 2024 and December 31, 2023, the Company has $27,300 and $22,700 in gross deferred tax assets resulting from net operating loss carry-forwards of $130,100 and $108,100 respectively, available to offset future taxable income through 2041 subject to the change in ownership provisions under IRC 382. A valuation allowance has been recorded to fully offset these deferred tax assets because the Company’s management believes future realization of the related tax benefits is uncertain.

The difference between the tax provision at the statutory federal income tax rate on June 30, 2024, and December 31, 2023, and the tax provisions attributable to loss before income taxes is as follows:

	June 30, 2024			December 31, 2023
Statutory federal income taxes		21.0	%		21.0	%
Valuation allowance		(21.0	)%		(21.0	)%
Effective income tax rate, net		-	%		-	%