Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Taxes  
Summary of income tax provisions
    2015     2014  
Current tax expense            
Federal   $ -     $ 29,895  
State     -       2,347  
              32,242  
Deferred tax expense (benefit)                
Federal     (32,150 )     45,163  
State     -       3,546  
      (32,150 )     48,709  
Total   $ (32,150 )   $ 80,951  
Schedule of reconciliations of effective statutory federal income tax

  2015     2014  
Federal income taxes     34.00 %     34.00 %
State income taxes     3.63 %     3.63 %
Effective tax rate     37.63 %     37.63 %
Schedule of deferred tax assets and liabilities

  2015     2014  
Property and equipment   $ 21,512     $ 48,709  
Expenses paid by related party, not settled as of year end     (53,662 )     -  
Total Long term deferred tax liabilities   $ (32,150 )   $ 48,709