Entity information:

NOTE 8 – INCOME TAXES

 

For the year ended December 31, 2016, the cumulative net operating loss carry-forward from continuing operations is approximately $4,652,866 and will expire beginning in the year 2030.

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of December 31, 2016 and 2015:

 

    2016     2015  
Deferred tax asset attributable to:                
Net operating loss carryover   $ 1,623,745     $ 1,461,983  
Valuation allowance     (1,623,745 )     (1,461,983 )
Net deferred tax asset   $ —     $ —