Entity information:

The provision for income taxes for the years ended December 31, 2016 and 2015, was as follows:

 

   Year Ended December 31,      
   2016  2015      
   Domestic  Foreign  Total  Domestic  Foreign    Total
Loss from continuing operations, before income taxes  $(195,199)  $(745,597)  $(940,796)  $(329,715)  $(2,686,382)  $ (3,016,097)
Income tax at statutory rate   (68,320)   (161,083)   (229,403)   (115,400)   (557,608)    (673,008)
Items not taxable for tax purposes   —      —      —      (7,365)   —       (7,365)
Items not deductible for tax purposes   29,400    —      29,400    20,128    207,830     227,958
Change in valuation allowance   38,920    161,083    200,003    102,637    349,778     452,415
Income tax expense  $—     $—     $—     $—     $—     $ — 
                                
Deferred income tax assets                               
                                
Loss carry-forwards  $223,907   $529,323   $753,230   $184,987   $368,240   $ 553,227
Less: valuation allowance   (223,907)   (529,323)   (753,230)   (184,987)   (368,240)    (553,227)
Total net deferred tax assets  $—     $—     $—     $ —    $—     $ — 

 

The Company provided a valuation allowance equal to the deferred income tax assets for period ended December 31, 2016 because it is not presently known whether future taxable income will be sufficient to utilize the loss carry-forwards.

 

As of December 31, 2016, the Company had approximately $3,753,400 in tax loss carry-forwards that can be utilized in future periods to reduce taxable income, and expire by the year 2035. The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits.

 

The federal income tax returns of the Company are subject to examination by the IRS, generally for three years after they are filed. The tax returns for the years ended December 31, 2016, 2015 and 2014 are still subject to examination by the taxing authorities.