Entity information:
Note
6
– Deferred Tax Assets and Income Tax Provision
 
Deferred Tax Assets
 
At
March 31, 2017,
the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of
$92,923
that
may
be offset against future taxable income through
2037.
No
tax benefit has been reported with respect to these net operating loss carry-forwards because the Company believes that the realization of the Company’s net deferred tax assets of approximately
$31,594
was
not
considered more likely than
not
and accordingly, the potential tax benefits of the net loss carry-forwards are offset by a full valuation allowance.
 
Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding the probability of its realization.  The valuation allowance increased approximately
$17,634
and
$13,426
for the year ended
March 31, 2017
and
2016,
respectively.
 
Components of deferred tax assets in the balance sheets are as follows:
 
   
March 31,
2017
    
March 31,
2016
  
Net deferred tax assets – non-current:
                
                 
Expected income tax benefit from NOL carry-forwards
   $
32,030
     $
13,960
  
                 
Less valuation allowance
    
(32,030
)
    
(13,960
)
                 
Deferred tax assets, net of valuation allowance
   $
-
     $
-
  
 
Income Tax Provision in the Statements of
Operations
 
A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income tax provision is as follows:
 
   
For the Year
ended March 31,
2017
    
For the Year
ended March 31,
2016
  
                 
Federal statutory income tax rate
    
34.0
%
    
34.0
%
                 
Change in valuation allowance on net operating loss carry-forwards
    
(34.0
)
    
(34.0
)
                 
Effective income tax rate
    
0.0
%
    
0.0
%