Annual report pursuant to Section 13 and 15(d)

Deferred Tax Assets and Income Tax Provision (Tables)

v3.19.3
Deferred Tax Assets and Income Tax Provision (Tables)
12 Months Ended
Aug. 31, 2019
Deferred Tax Assets and Income Tax Provision  
Schedule of deferred tax assets

 

August 31,

2019

 

August 31,

2018

 

Net deferred tax assets – Non-current:

 

Expected income tax benefit from NOL carry-forwards

 

$

134,500

 

$

139,000

 

Less valuation allowance

 

(134,500

)

 

(139,000

)

 

Deferred tax assets, net of valuation allowance

 

$

-

 

$

-

 

Schedule of Income Tax Provision

 

For the year ended August 31,

2019

 

For the year ended August 31,

2018

 

Blended federal statutory income tax rate

 

21.00

%

 

25.33

%

 

Increase (reduction) in income tax provision resulting from:

 

Net operating loss (“NOL”) carry-forwards

 

(21.00

)

 

(25.33

)

 

Effective income tax rate

 

0.0

%

 

0.0

%