Annual report pursuant to Section 13 and 15(d)

NOTE 5. INCOME TAXES (Tables)

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NOTE 5. INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2015
Note 5. Income Taxes Tables  
Summary of deferred tax assets

The effects of temporary differences that gives rise to significant portions of deferred tax assets at December 31, 2015 and 2014 are as follows:

 

    Dec. 31,
2015 		    Dec. 31,
2014 		 
             
Deferred tax asset            
Federal   $ 1,057,000     $ 958,000  
State     353,000       319,000  
                 
Valuation allowance     (1,410,000 )     (1,277,000 )
Net deferred tax asset   $ -     $ -