(3) Income Taxes
| Deferred taxes consists of: | ||||||||
| December 31, | ||||||||
| 2017 | 2016 | |||||||
| Deferred tax assets (liabilities): | ||||||||
| Prepaid Expenses | $ | (353 | ) | $ | (316 | ) | ||
| Other Assets | 986 | 914 | ||||||
| Net operating loss and other carryforwards | 55,594 | 31,783 | ||||||
| Total deferred tax asset (liability) net | 56,227 | 32,381 | ||||||
| Total deferred tax assets (liabilities) | 56,227 | 32,381 | ||||||
| Valuation allowance | (56,227 | ) | (32,381 | ) | ||||
| Net deferred tax assets (liabilities) | $ | - | $ | - | ||||
| The expense or benefit for income taxes differs from the amount computed by applying the U.S. federal | ||||||||
| income tax rate of 15% to income or loss before income taxes as follows for the years ended: | ||||||||
| 2017 | 2016 | |||||||
| U.S. federal income tax expense (benefit) at statutory rates | $ | (8,553 | ) | $ | (7,929 | ) | ||
| State income tax expense (benefit), net of federal impact | (1,611 | ) | (1,604 | ) | ||||
| Impact of current period enactment of tax legislation | (13,682 | ) | ||||||
| Change in valuation allowance | 23,846 | 9,533 | ||||||
| Total | $ | - | $ | - | ||||