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Income Tax Provision
 1 Months Ended
Feb. 28, 2014
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
Note 6 – Income Tax Provision
 
Deferred Tax Assets
 
At February 28, 2014, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $14,741 that may be offset against future taxable income through 2034. No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying financial statements as the management of the Company believes that the realization of the Company’s net deferred tax assets of approximately $5,012 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance.
 
Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization.
 
Components of deferred tax assets are as follows:
 
 
 
February 28,
2014
 
Net deferred tax assets – Non-current:
 
 
 
 
 
 
 
 
 
Expected income tax benefit from NOL carry-forwards
 
$
5,012
 
 
 
 
 
 
Less valuation allowance
 
 
(5,012)
 
 
 
 
 
 
Deferred tax assets, net of valuation allowance
 
$
-
 
 
Income Tax Provision in the Statements of Operations
 
A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows:
 
 
 
For the Period
from January 23,
2014 (inception)
Through February
28, 2014
 
 
 
 
 
Federal statutory income tax rate
 
34.0
%
 
 
 
 
Increase (reduction) in income tax provision resulting from:
 
-
 
 
 
 
 
Net operating loss (“NOL”) carry-forwards
 
(34.0)
 
 
 
 
 
Effective income tax rate
 
0.0
%