Note 4 - Income Taxes

All tax years are open for examination.

Any net loss carryforward may be subject to the 382 limitation upon a change in control as defined therein.

As of September 30, 2017 and 2016, the net loss carryforward for the Company was $46,582 and $15,347, respectively, of which $15,838 and $5,217, respectively is 34% and a full valuation allowance resulting in a $0 net deferred income tax asset, respectively. Our net loss carryforward will begin to expire in 2037.

We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Under ACS 740 "Income Taxes," when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit.  We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period.

The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the year ended September 30, 2017 or the period of December 29, 2015 (Inception) to September 30, 2016 applicable under ACS 740.  As a result of the adoption of ACS 740, we did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet.