NOTE 4 – INCOME TAXES

The Company has net operating loss carryforwards for income tax reporting purposes of approximately $64,,200 for the year ended March 31, 2017 and $46,300 for the year ended March 31, 2016 that may be used to offset against future taxable income through 2036. No tax benefit has been reported in the financial statements because the Company believes there is a 50% or greater change the carryforwards will expire unused. Accordingly, the potential tax benefits of the loss carry-forwards are offset by a valuation allowance of the same amount.

The deferred tax assets as of March 31, 2017 and March 31, 2016 consisted of the following:

Tax expense consists of the minimum state tax paid to the State of Utah of $100 for the tax years ended March 31, 2017 and 2016.

The income tax provision differs from the amount of income tax determined by applying the blended U.S. federal income tax and Utah state tax rate of 37.30% to pretax income from continuing operations for the years ended March 31, 2017 and 2016 due to the following:

The valuation allowance increased by $6,691 during the year ended March 31, 2017 and $9,182 during the year ended March 31, 2016.

Uncertain Tax Positions

The Company has evaluated its uncertain tax positions and determined that any required adjustments would not have a material impact on the Company's balance sheet, income statement, or statement of cash flows. All years prior to 2014 are closed by expiration of the statute of limitations. The years ended March 31, 2015, 2016 and 2017 are open for examination.