Annual report pursuant to Section 13 and 15(d)

Note 7 - Income Taxes

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Note 7 - Income Taxes
 12 Months Ended
May 31, 2014
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
Note 7 – Income Taxes

The Company’s provision for income taxes was $0 for the fiscal years ended May 31, 2014 and 2013 and the period from inception on March 31, 2011 through May 31, 2014 since the Company incurred net operating losses which have a full valuation allowance through May 31, 2014.

ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a full valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset is calculated by multiplying a 35% marginal tax rate by the cumulative Net Operating Loss (“NOL”) of $16,541 and $1,441 for the years ended May 31, 2014 and 2013. The total valuation allowance is equal to the total deferred tax asset.

The tax effects of significant items comprising the Company's net deferred taxes as of May 31, 2014 and 2013 are as follows: 

   
For the year ended
 
   
May 31,
 
   
2014
   
2013
 
             
Cumulative NOL
 
$
16,541
   
$
1,441
 
                 
Deferred Tax Assets
               
Net operating loss carry forwards
   
5,789
     
504
 
Less: valuation allowance
   
(5,789
)
   
(504
) 
Total Deferred Taxes
   
-
     
-