NOTE 10 – INCOME TAXES

At December 31, 2016 and 2015, the Company had a net operating loss carryforward of $132,372 and $117,500, respectively, which begins to expire in 2034.

Components of net deferred tax asset, including a valuation allowance, are as follows at December 31, 2016 and 2015:

Valuation allowance for deferred tax assets as of December 31, 2016 and December 31, 2015 was $46,330 and $41,125, respectively. In assessing the recovery of the deferred tax asset, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not deferred tax assets will not be realized as of December 31, 2016 and December 31, 2015 and recognized a full valuation allowance for each period.

Reconciliation between statutory rate and the effective tax rate for both periods and as of December 31, 2016 and December 31, 2015: