16. INCOME TAXES (Tables)

7 Months Ended

9 Months Ended

Dec. 31, 2013

Sep. 30, 2014

Income Taxes Tables

Schedule of income tax reconciliation

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

	Inception (June 5, 2013) to December 31, 2013
Deferred tax attributed:
Net operating loss carryover	$	(241,727)
Less: change in valuation allowance	$	(241,727)
Net deferred tax asset	$	-

There was no significant difference between reportable income tax and statutory income tax.  A 100% valuation allowance has been established against the deferred tax asset, as the utilization of the loss carry-forwards cannot be reasonably assured. A reconciliation between the income taxes computed in the United States is as follows:

		September 30, 2014 (unaudited)
Deferred tax asset	$	1,321,359
Valuation allowance		(1,321,359)
	$	-
US federal income tax rate		34.00	%
Valuation allowance		(34.00)	%
Provision for income tax		0.00	%