Annual report pursuant to Section 13 and 15(d)

3 Income Taxes

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3 Income Taxes
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

 

(3)  Income Taxes

 

Deferred taxes consists of:            
    December 31,  
    2017     2016  
Deferred tax assets (liabilities):            
             
   Prepaid Expenses   $ (353 )   $ (316 )
   Other Assets     986       914  
   Net operating loss and other carryforwards     55,594       31,783  
Total deferred tax asset (liability) net     56,227       32,381  
                 
Total deferred tax assets (liabilities)     56,227       32,381  
   Valuation allowance     (56,227 )     (32,381 )
Net deferred tax assets (liabilities)   $ -     $ -  
                 
The expense or benefit for income taxes differs from the amount computed by applying the U.S. federal          
income tax rate of 15% to income or loss before income taxes as follows for the years ended:                
                 
      2017       2016  
                 
U.S. federal income tax expense (benefit) at statutory rates   $ (8,553 )   $ (7,929 )
State income tax expense (benefit), net of federal impact     (1,611 )     (1,604 )
Impact of current period enactment of tax legislation     (13,682 )        
Change in valuation allowance     23,846       9,533  
 Total    $ -     $ -