10.  INCOME TAX

As of September 30, 2017, and, 2016, there were no differences between financial reporting and tax bases of assets and liabilities. The Company will have tax losses available to be applied against future years' income as result of the losses incurred. However, due to the losses incurred in the period and expected future operating results, management determined that it is more likely than not that the deferred tax asset resulting from the tax losses available for carry forward will not be realized through the reduction of future income tax payments. Accordingly, a 100% valuation allowance has been recorded for deferred income tax assets. Cumulative net operating loss carry forward is $8,710,253 and $7,185,378 as of September 30, 2017 and 2016, respectively, and will begin expiring in 2033. The earliest tax year which remains subject to examination is 2013.

Deferred tax assets consisted of the following as of September 30, 2017 and 2016: