Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Deferred Tax Assets and Liability


	March 31, 2018
Current Tax Liability	$	(220,145	)


Deferred Tax Asset:
Deferred general and administrative expenses	$	358,301
Valuation allowance at 21%		(358,301	)

Deferred Tax Asset, net	$	—

Components of Income Tax Expense (Benefit)

The total income taxes were different from the amount computed by applying the federal statutory income tax rate of 21% to income before income taxes as follows:


	Three months Ended March 31, 2018
Computed federal income tax expense at 21%	$	(200,126	)
Other		(2,807	)
Valuation allowance at 21%		(35,336	)

Total income tax (expense)	$	(238,269	)