Income Taxes (Tables)

12 Months Ended

Oct. 31, 2019

Notes to Financial Statements

Income Taxes (Tables)

Significant components of the Company’s deferred tax assets and liabilities as of October 31, 2019 and 2018 after applying enacted corporate income tax rates, is net operating loss carryforward of $15,377 and $919, and a valuation allowance of $15,377 and $919, respectively, which is a total deferred tax asset of $0. The Company’s tax returns for 2018 and 2019 remain open to examination.

		October 31, 2019		October 31, 2018
Deferred tax asset, generated from NOL at statutory rates	$	15,377		$	919
Valuation allowance	$	(15,377	)		(919)
	$	-		$	-

The reconciliation of the effective income tax rate to the federal statutory rate is as follows:

Federal income tax rate	21.0	%
Increase in valuation allowance	(21.0)	%
Effective income tax rate	0.0	%