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Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of Effective Income Tax Rate Reconciliation (Tables):  
Schedule of Effective Income Tax Rate Reconciliation

The following table presents the principal reasons for the difference between the Company's effective

 

 

 

 

 

 

 

 

 

 

 

 

tax rate and the United States statutory income tax rate.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

2015

 

 

 

2014

 

Earned income tax at statutory rate

 

$

7

 

 

$

0

 

 

$

0

 

Net operating loss utilization

 

 

(7

)

 

 

0

 

 

 

0

 

Deferred tax asset from NOL carry forwards

 

 

3,263

 

 

 

3,270

 

 

 

2,927

 

Valuation allowance

 

 

(3,263

)

 

 

(3,270

)

 

 

(2,927

)

Reported income tax expense (benefit)

 

$

0

 

 

$

0

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%