NOTE 9 INCOME TAXES
The total net operating loss carryforward as of December 31, 2016 and 2015 was $366,297 and $169,204, respectively. The Company has recorded a full valuation allowance for its deferred tax assets as of December 31, 2016 & 2015.
Deferred taxes are calculated at a 34% rate:
|
|
| 2016 |
| 2015 |
| Deferred tax assets | $ | 124,541 | $ | 57,529 |
| Less: valuation allowance |
| (124,541) |
| (57,529) |
| Net deferred tax asset | $ | - | $ | - |