XML 32 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1

Income Taxes (Tables)

6 Months Ended

12 Months Ended

Dec. 31, 2016

Jun. 30, 2016

Income Tax Disclosure [Abstract]

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

		December 31, 2016				June 30, 2016
Tax expense (benefit) at U.S. statutory rate		$	(241,116	)		$	(111,343	)
State income tax expense (benefit), net of federal benefit			(35,458	)			(16,374	)
Effect of non-deductible expenses
Other
Change in valuation allowance			276,574				127,717
		$	—			$	—

		June 30, 2016				June 30, 2015
Tax expense (benefit) at US. statutory rate		$	(146,889	)		$	(79,200	)
State income tax expense (benefit): net of federal benefit		$	(21,659	)		$	(11,700	)
Effect of non-deductible expenses
Other
Change in valuation allowance		$	168,548			$	90,900
		$	—			$	—

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 December 31, 2016 were as follows:

Deferred tax assets (liability), noncurrent:
Net operating loss		$	668,422
Valuation allowance			(668,422	)
		$	—

Change in valuation allowance:

Balance, June 30, 2016		$	391,848
Increase in valuation allowance			276,574
Balance, December 31, 2016			668,422

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at June 30, 2016 are as follows:

Deferred tax assets (liability), noncurrent:
Net operating loss		$	431,923
Valuation allowance			(431,923	)
		$	—

Change in valuation allowance:

Balance, June 30, 2015		$	223,300
Increase in valuation allowance			168,548
Balance, June 30, 2016			391,848

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration