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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Summary of Deferred Tax Assets and Liability


     June 30, 2018      December 31, 2017  

Current Tax Liability

   $ (8,770    $ (304,876

Deferred Tax Asset:

     

Deferred general and administrative expenses

   $ 472,974      $ 322,965  

Valuation allowance at 21%

     (472,974      (322,965

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
June 30,
2018
     Three months
Ended
June 30,
2017
     Six months
Ended
June 30,
2018
     Six months
Ended
June 30,
2017
 

Computed federal income tax expense at 21% (2018) and 34% (2017)

   $ (185,415    $ 191,393      $ (385,541    $ 191,393  

Permanent differences

     —          —          (2,807      —    

Valuation allowance at 21% (2018) and 34% (2017)

     (114,673      (361,742      (150,009      (361,742
  

 

 

    

 

 

    

 

 

    

 

 

 

Total income tax expense

   $ (300,088    $ (170,349    $ (538,357    $ (170,349