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Income Taxes (Tables)

3 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Reconciliation of the federal statutory income tax rate to income tax expense expense

	September 30, 2014				June 30, 2014
Tax expense (benefit) at U.S. statutory rate	$	(20,000	)		$	(109,400	)
State income tax expense (benefit), net of federal benefit		(2,900	)			(16,100	)
Effect of non-deductible expenses		—				—
Other		—				—
Change in valuation allowance		22,900				125,500
	$	—			$	—

Schedule of gross amounts of deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at September 30, 2014 are as follows:

Deferred tax assets (liability), noncurrent:
Net operating loss		$	155,300
Valuation allowance			(155,300	)
		$	—

Change in valuation allowance:

Balance, June 30, 2014		$	132,400
Increase in valuation allowance			22,900
Balance, September 30, 2014			155,300

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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