Note 5– Income Taxes
The Company follows Accounting Standards Codification 740, Accounting for Income Taxes.
The Company did not have taxable income for the period from January 1, 2015 through December 31, 2015. The Company’s deferred tax assets consisted of the following as of December 31:
| 2015 | 2014 | |||||||
| Net operating losses carried forward | $ | 326,561 | $ | 303,723 | ||||
| Valuation allowance | (326,561 | ) | (303,723 | ) | ||||
| Net deferred income tax asset | $ | 0 | $ | 0 | ||||
The Company has net operating losses carried forward of $326,561 available to offset taxable income in future years which begins expiring in 2023.