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Schedule of Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Income Taxes:  
Schedule of Effective Income Tax Rate Reconciliation

The Company's income tax expense (benefit) for the years ended December 31, 2014 and 2013 varied from the statutory rate of 34% as follows:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2014

 

 

2013

 

Statutory rate applied to income before income taxes

 

$

(7,800

)

 

$

(4,200

)

Increase (decrease) in income taxes resulting from:

 

 

 

 

 

 

 

 

State income taxes

 

 

 

 

 

 

 

 

Other, including reserve for deferred tax asset and

application of net operating loss carryforward

 

 

7,800

 

 

 

4,200

 

Income tax expense

 

$

-

 

 

$

-

 

 

Schedule of Deferred Tax Assets and Liabilities

This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2014 and 2013, respectively:

 

 

 

 

December 31,

 

 

December 31,

 

Deferred tax assets

 

2014

 

 

2013

 

Net operating loss carryforwards

 

$

14,600

 

 

$

6,800

 

Less valuation allowance

 

 

(14,600

)

 

 

(6,800

)

Net Deferred Tax Asset

 

$

-

 

 

$

-