INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes Tables

Summary of deferred tax assets

As of December 31, 2014 and 2013, the deferred tax assets related to the aforementioned carry-forwards have been fully offset by valuation allowances, since it is more likely than not that significant utilization of such amounts will not occur in the foreseeable future.

	2014			2013
Deferred tax assets and valuation allowances consist of:
Deferred tax assets:
Net operating loss carry forwards	$	367,000		$	304,000
Less valuation allowance		(367,000	)		(304,000	)
Net deferred tax assets	$	-		$	-

Summary of income tax (expense) benefits

The following is a reconciliation of the tax derived by applying the statutory rate to the earnings before income taxes, and comparing that to the recorded income tax (expense) benefits:

	Year ended
	December 31,
	2014			2013
Tax benefits (expense) at statutory rate		35	%		35	%
Unrecognized tax benefits (expense) of current period tax losses		(35	)%		(35	)%
Effective tax rate		-			-