|12 Months Ended|
Dec. 31, 2015
|Income Tax Disclosure [Abstract]|
The income tax provision (benefit) consists of the following:
The Companys income is earned in Nevada, and is thus not subject to state income tax.
The expected tax benefit based on the statutory rate is reconciled with actual tax benefit as follows:
Deferred tax assets consist of the effects of temporary differences attributable to the following:
At December 31, 2015, the Company has net operating loss carryforwards in the amount of approximately $1,304,000, which expires between 2034 and 2035.
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
Reference 1: http://www.xbrl.org/2003/role/presentationRef