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Schedule of effective tax rate (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of effective tax rate (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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

2014

 

 

2013

 

Earned income tax at statutory rate

 

$

0

 

 

$

0

 

 

$

149

 

Net operating loss utilization

 

 

0

 

 

 

0

 

 

 

(149

)

Deferred tax asset from NOL carry forwards

 

 

3,270

 

 

 

2,927

 

 

 

2,464

 

Valuation allowance

 

 

(3,270

)

 

 

(2,927

)

 

 

(2,464

)

Reported income tax expense (benefit)

 

$

0

 

 

$

0

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%