Quarterly report pursuant to Section 13 or 15(d)

NOTE 5. INCOME TAXES

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NOTE 5. INCOME TAXES
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
NOTE 5. INCOME TAXES

Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.