Taxes on Income

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 3 - Taxes on Income

Income tax expense is $-0- for both 2015 and 2014, including $-0- in current taxes and $-0- in deferred taxes for both 2015 and 2014.

A reconciliation of income tax expense recognized to income taxes at statutory rates is as follows:

	Year Ended December 31,
	2015			2014
Income tax at statutory rates		(34.0)	%		(34.0)	%
Change in valuation allowance		34.0	%		34.0	%
Total income tax expense rate		0.0	%		0.0	%

At December 31, 2015, the Company has net operating loss carryforwards (“NOLs”) of approximately $345,000 that can be used to offset future taxable income, and such NOLs result in a gross deferred tax asset of approximately $117,000 at that date. These NOLs expire in varying amounts through 2035. Realization of these NOLs is subject to annual limitations under current IRS regulations pursuant to change in control provisions and is dependent on the existence of future taxable income. At December 31, 2015 and 2014, a valuation allowance has been recognized for the entire amount of the Company's net deferred tax asset. The valuation allowance increased by $5,000 in 2015, increasing from $112,000 at December 31, 2014 to $117,000 at December 31, 2015.