INCOME TAXES

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

7. INCOME TAXES

The composition of deferred tax assets at December 31, 2016 and 2015 were as follows:

	2016			2015
Deferred tax assets
Benefit from carryforward of net operating loss	$	2,917,000		$	2,748,000,
Less valuation allowance		(2,917,000	)		(2,748,000	)
Net deferred tax asset	$	-		$	-

The difference between the income tax benefit in the accompanying statement of operations and the amount that would result if the U.S. Federal statutory rate of 34% were applied to pre-tax loss for 2016 and 2015 is attributable to the valuation allowance.

At December 31, 2016, for federal income tax and alternative minimum tax reporting purposes, the Company has $8,581,000 in unused net operating losses available for carryforward to future years which will expire in various years through 2036.