Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of components of deferred taxes

The components of deferred taxes are as follows:

 

Deferred Tax Assets :

 

    2018   2017
         
Net operating loss carry-forward   $ 1,369,024     $ 1,438,243  
                 
Less: valuation allowance     (1,369,024 )     (1,438,243 )
                 
Net deferred tax asset   $ —       $ —    
Schedule of expected income tax expense (benefit)

The difference between the expected income tax expense (benefit) and the actual tax expense (benefit) computed by using the Federal statutory rate of 21% is as follows:

 

    Year Ended December 31,  
    2018     2017  
Expected income tax benefit (loss) at statutory rate of 21%   $ 44,303     $ 124,982  
State and local tax benefit, net of federal     14,979       26,099  
Change in valuation account     (59,282)       (151,081 )
                 
Income tax expense (benefit)   $ —     $ —