Annual report pursuant to Section 13 and 15(d)

NOTE 7. INCOME TAXES (Tables)

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NOTE 7. INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2016
Note 7. 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, 2016 and 2015 are as follows:

 

    Dec. 31,     Dec. 31,  
    2016     2015  
             
Deferred tax asset            
Federal   $ 1,095,000     $ 1,057,000  
State     365,000       353,000  
                 
Valuation allowance     (1,460,000 )     (1,410,000 )
Net deferred tax asset   $ -     $ -