Income Tax Disclosure [Text Block]

12 Months Ended

Dec. 31, 2018

Notes

Income Tax Disclosure

6.  INCOME TAXES

The components of deferred tax assets at December 31, 2018 and 2017 are as follows:

	2018	2017
Net operating loss carry forwards	$108,058	$106,110
Accrued interest	2,542	1,408
	110,600	107,518
Less: Valuation allowance	(110,600)	(107,518)
Total	$-	$-

A 100% valuation allowance was provided at December 31, 2018 and 2017 as it is uncertain if the deferred tax assets would be utilized. The increase in the valuation allowance was a result from the increase in the Company’s net operating loss carry forward and accrued interest.

At December 31, 2018, the Company has unused federal net operating loss carry forwards of approximately $455,600 which can be carried forward indefinitely and unused New Jersey net operating loss carry forwards of approximately $211,600 expiring between 2030 and 2038.

The Company files its federal and New Jersey income tax returns under varying statutes of limitations. The 2015 through 2018 tax years generally remain subject to examination by the federal and New Jersey tax authorities.