Entity information:
Note
3
– Income Taxes
 
The Company has
no
tax provision for any period presented due to its history of operating losses. As of
February 28, 2017,
the Company had deferred tax assets resulting from net operating loss (“NOL”) carry-forwards of approximately
$120,000,
which are available to offset future taxable income, if any, through
2037.
 
Components of the Company’s deferred tax assets as of
February 28, 2017
and
February
29,
2016
are as follows:
 
   
February 28,
2017
    
February 29,
2016
  
Net deferred tax assets – Non-current:
                
                 
Net operating loss carryforwards
   $
49,077
     $
35,328
  
                 
Less valuation allowance
    
(49,077
)
    
(35,328
)
                 
Deferred tax assets, net of valuation allowance
   $
-
     $
-
  
 
In assessing the potential realization of deferred tax assets, management considers whether it is more likely than
not
that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during the periods in which those temporary differences become deductible. As of
February 28, 2017,
and
February
29,
2016,
management was unable to determine if it is more likely than
not
that the Company’s deferred tax assets will be realized, and has therefore recorded an appropriate valuation allowance against deferred tax assets at such dates.
 
No
federal tax provision has been provided for the years ended
February 28, 2017
and
February
29,
2016
due to the losses incurred during such periods. Reconciled below is the difference between the income tax rate computed by applying the U.S. federal statutory rate and the effective tax rate for the years ended
February 28, 2017
and
February
29,
2016.
 
   
For the Year
Ended
February 28,
2017
    
For the Year
Ended
February 29,
2016
  
                 
U.S. Federal statutory income tax rate
    
34.0
%
    
34.0
%
                 
Change in valuation allowance
    
(34.0
)
    
(34.0
)
                 
Effective income tax rate
    
0.0
%
    
0.0
%
 
The Company adopted accounting rules which address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under these rules, the Company
may
recognize the tax benefit from an uncertain tax position only if it is more likely than
not
that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than
fifty
percent likelihood of being realized upon ultimate settlement. These accounting rules also provide guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of
February 28, 2017,
no
liability for unrecognized tax benefits was required to be recorded