Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

8. Income Taxes

The tax effects of temporary differences that give rise to deferred tax assets at December 31, 2016 and 2015 are presented below:

	December 31,
		2016		2015
Net tax operating loss carryforwards	$	2,369,000	$	2,303,000
Valuation allowance for deferred tax asset		(2,369,000)		(2,303,000)
	$	-	$	-

The Company evaluates its valuation allowance requirements based on projected future operations. When circumstances change and this causes a change in management’s judgment about the recoverability of deferred tax assets, the impact of the change on the valuation allowance is reflected in current income.

At December 31, 2015, the Company has estimated accumulated net operating losses of approximately $6,768,000 (2015 - $6,580,000) which may be carried forward to reduce taxation income in future years. The non-operating losses expire from 2018 to 2034.