Our deferred tax assets consist of the benefit from net operating loss (“NOL”) carry-forwards.  The related deferred tax assets of approximately $546,100 and $458,900, respectively, have been fully offset by a valuation allowance.

The NOL carry-forwards begin to expire in 2029.

At December 31, 2016 and 2015, the Company had net operating loss carry-forwards of $1,560,392 and $1,311,030, respectively.