Based on the available information and other factors, management believes it is more likely than not that the net deferred tax assets at September 30, 2017 and 2016 will not be fully realizable. Accordingly, management has recorded a full valuation allowance against its net deferred tax assets at September 30, 2017 and 2016. As of September 30, 2017 and 2016, the Company had federal net operating loss carry-forwards of approximately $2,973,000 and $2,605,000, respectively, expiring beginning in 2032.

Deferred tax assets consist of the following components:

The company has not filled income taxes for the tax years 2016 and 2017.