XML 35 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Deferred Tax Assets and Income Tax Provision (Tables)
12 Months Ended
Feb. 28, 2015
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Components of deferred tax assets are as follows:
 
 
 
February 28,
2015
 
February 28,
2014
 
Net deferred tax assets – Non-current:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected income tax benefit from NOL carry-forwards
 
 
30,863
 
 
5,012
 
 
 
 
 
 
 
 
 
Less valuation allowance
 
 
(30.863)
 
 
(5,012)
 
 
 
 
 
 
 
 
 
Deferred tax assets, net of valuation allowance
 
$
-
 
$
-
 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows:
 
 
 
For the Fiscal Year Ended
February 28, 2015
 
 
For the Period from January 23, 2014
(inception) through
February 28, 2014
 
 
 
 
 
 
 
 
 
 
Federal statutory income tax rate
 
 
34.0
%
 
 
34.0
%
 
 
 
 
 
 
 
 
 
Change in valuation allowance on net operating loss carry-forwards
 
 
(34.0)
 
 
 
(34.0)
 
 
 
 
 
 
 
 
 
 
Effective income tax rate
 
 
0.0
%
 
 
0.0
%