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Note 10 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

Six Months Ended

 

 

June 30, 2015

 

June 30, 2015

 

 

 

 

 

U.S. statutory rate

 

34.00%

 

34.00%

 

 

 

 

 

Foreign income not recognized in the U.S.

 

-34.00%

 

-34.00%

Effect of valuation allowance on deferred income tax assets

 

-27.32%

 

-22.52%

Hong Kong income tax rate

 

           16.50%  

 

           16.50%  

Provision for income tax

 

-10.82%

 

-6.02%