Samsara Luggage (SAML) 10-K 24 Oct 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jul. 31, 2014	Oct. 20, 2014	Jan. 31, 2014
Document And Entity Information	'	'	'
Entity Registrant Name	'Darkstar Ventures, Inc.	'	'
Entity Central Index Key	'0001530163	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Jul-14	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--07-31	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$0
Entity Common Stock, Shares Outstanding	'	107,145,000	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2014	'	'

BALANCE_SHEET

BALANCE SHEET (USD $)	Jul. 31, 2014	Jul. 31, 2013
Current Assets:	'	'
Cash and Cash Equivalents	$556	$776
Total Current Assets	556	776
Total Assets	556	776
Current Liabilities:	'	'
Accounts Payable	51,070	33,979
Note Payable	90,690	59,350
Total Current Liabilities	141,760	93,329
Commitments and Contingencies	'	'
Stockholders' Deficiency:	'	'
Preferred Stock, $.0001 par value; 5,000,000 shares authorized, none issued and outstanding	'	'
Common Stock, $.0001 par value; 500,000,000 shares authorized, 107,145,000 shares issued and outstanding at July 31, 2014 and July 31, 2013	10,714	10,714
Additional Paid-In Capital	24,936	24,936
Deficit Accumulated During the Development Stage	-176,854	-128,203
Total Stockholders' Deficiency	-141,204	-92,553
Total Liabilities and Stockholders' Deficiency	$556	$776

BALANCE_SHEET_Parenthetical

BALANCE SHEET (Parenthetical) (USD $)	Jul. 31, 2014	Jul. 31, 2013
Stockholders' Deficiency:	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, Authorized	5,000,000	5,000,000
Preferred stock, Issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, Authorized	500,000,000	500,000,000
Common stock, Issued	107,145,000	107,145,000
Common stock, outstanding	107,145,000	107,145,000

STATEMENT_OF_OPERATIONS

STATEMENT OF OPERATIONS (USD $)	12 Months Ended		87 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014
Statement Of Operations	'	'	'
Net Revenues	'	'	'
Costs and Expenses:	'	'	'
Professional Fees	27,408	40,500	109,274
Consulting Fees	10,000	10,000	29,167
Web Site Development	'	'	5,000
General and Administrative Expenses	2,325	9,784	19,620
Total Costs and Expenses	39,733	60,284	163,061
Operating Loss	-39,733	-60,284	-163,061
Other Income (Expense):	'	'	'
Interest Expense	-8,918	-4,733	-13,793
Total Other Income (Expense)	-8,918	-4,733	-13,793
Net Loss	($48,651)	($65,017)	($176,854)
Basic and Diluted Loss Per Common Share	$0	$0	'
Weighted Average Common Shares Outstanding	107,145,000	141,898,644	'

STATEMENT_OF_STOCKHOLDERS_EQUI

STATEMENT OF STOCKHOLDERS’ EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During the Development Stage	Total
Beginning Balance, Amount at Jul. 31, 2010	'	'	'	'
Beginning Balance, Shares at Jul. 31, 2010	'	'	'	'
Common Stock Issued to Founder at $.0000067 Per Share, May 1, 2011, Amount	9,750	-9,100	'	650
Common Stock Issued to Founder at $.0000067 Per Share, May 1, 2011, Shares	97,500,000	'	'	'
Common Stock Issued to Private Investors at $.00067 Per Share, June 28 , 2011, Amount	5,250	29,750	'	35,000
Common Stock Issued to Private Investors at $.00067 Per Share, June 28 , 2011, Shares	52,500,000	'	'	'
Net Loss	'	'	-17,323	-17,323
Ending Balance, Amount at Jul. 31, 2011	15,000	20,650	-17,323	18,327
Ending Balance, Shares at Jul. 31, 2011	150,000,000	'	'	'
Net Loss	'	'	-45,863	-45,863
Ending Balance, Amount at Jul. 31, 2012	15,000	20,650	-63,186	-27,536
Ending Balance, Shares at Jul. 31, 2012	150,000,000	'	'	'
Shares cancelled by Company CEO May 23, 2013, Amount	-4,286	4,286	'	'
Shares cancelled by Company CEO May 23, 2013, Shares	-42,855,000	'	'	'
Net Loss	'	'	-65,017	-65,017
Ending Balance, Amount at Jul. 31, 2013	10,714	24,936	-128,203	-92,553
Ending Balance, Shares at Jul. 31, 2013	107,145,000	'	'	'
Net Loss	'	'	-48,651	-48,651
Ending Balance, Amount at Jul. 31, 2014	$10,714	$24,936	($176,854)	($141,204)
Ending Balance, Shares at Jul. 31, 2014	107,145,000	'	'	'

STATEMENT_OF_CASH_FLOWS

STATEMENT OF CASH FLOWS (USD $)	12 Months Ended		87 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014
Cash Flows from Operating Activities:	'	'	'
Net Loss	($48,651)	($65,017)	($176,854)
Changes in Assets and Liabilities:	'	'	'
Increase in Accounts Payable	17,091	22,897	51,070
Net Cash (Used) in Operating Activities	-31,560	-42,120	-125,784
Cash Flows from Investing Activities:	'	'	'
Cash Flows from Financing Activities:	'	'	'
Proceeds from Borrowings	31,340	42,150	90,690
Proceeds from Sale of Common Stock	'	'	35,650
Net Cash Provided by Financing Activities	31,340	42,150	126,340
Increase (Decrease) in Cash	-220	30	556
Cash - Beginning of Period	776	746	'
Cash - End of Period	556	776	556
Supplemental Disclosures of Cash Flow Information:	'	'	'
Interest Paid	'	'	'
Income Taxes Paid	'	'	'

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 1 - Summary of Significant Accounting Policies	'
	Organization
	Darkstar Ventures, Inc. (“the Company” or “we”) was incorporated on May 8, 2007 under the laws of the State of Nevada.
	The Company has not generated revenues from planned principal operations and is considered a development stage company. The Company originally intended to market and sell eco-friendly health and wellness products to the general public via the internet. The Company was dormant from its inception to May 1, 2011. The Company has since abandoned its business plan and is now seeking an operating company with which to merge or to acquire. There can be no assurance that we will be able to identify a company and successfully effect such a business combination or merger.
	On November 20, 2012, we entered into a binding letter of intent (“LOI”) with Real Aesthetic, Inc., a Nevada corporation (“Real Aesthetic”), to acquire all of the issued and outstanding shares of common stock in exchange for common stock of the Company. The closing of the transactions contemplated by the LOI was subject to the completion of the due diligence investigation of both parties, execution and delivery of documentation for the transaction, consents from the respective boards of directors of both companies and any third parties and the delivery of audited financial statements by Real Aesthetic. Subsequently, we decided not to pursue the contemplated transaction with Real Aesthetic.
	Cash and Cash Equivalents
	The Company considers all highly-liquid investments purchased with a maturity of three months or less to be cash equivalents.
	Revenue Recognition
	For revenue from product sales, the Company will recognize revenue in accordance with Staff Accounting Bulletin No. 104, “Revenue Recognition” (SAB No. 104), which superseded Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” (SAB No. 101). SAB No. 104 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowance, and other adjustments will be provided for in the same period the related sales are recorded.
	Advertising Costs
	Advertising costs will be charged to operations when incurred. The Company did not incur any advertising costs during the year ended July 31, 2014 and for the period May 8, 2007 (inception) to July 31, 2014.
	Income Taxes
	The Company accounts for income taxes using the asset and liability method, the objective of which is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting and the tax bases of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	Website Development Costs
	The Company accounts for website development costs pursuant to FASB Accounting Standards Codification 350-50-25, Website Development Costs, which specifies the appropriate accounting for costs incurred in connection with the development and maintenance of websites. Under 350-50-25, costs related to certain website development activities are expensed as incurred (such as planning and operating stage activities). Costs relating to certain website application and infrastructure developments are generally capitalized, and are amortized over its estimated useful life of two (2) years. Website development costs totaling $5,000 were charged to expense during the year ended July 31, 2011.
	Loss Per Share
	The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented. Diluted loss per common share is the same as basic loss per common share as there are no potentially dilutive securities outstanding (options and warrants).
	Research and Development
	Research and development costs will be charged to expense in the period incurred. The Company did not incur any research and development costs during the year ended July 31, 2014 and the period May 8, 2007 (inception) to July 31, 2014.
	Accounting Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.
	Fair Value Measurements
	The authoritative guidance for fair value measurements defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact, and (iv) willing to transact. The guidance describes a fair value hierarchy based on the levels of inputs, or which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:
	Level 1: Quoted prices in active markets for identical assets or liabilities.
	Level 2: Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.
	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities.
	The Company's financial instruments include cash and equivalents, accounts payable and notes payable. These items are determined to be a Level 1 fair value measurement.
	The carrying amounts of cash and equivalents, accounts payable and notes payable approximate fair value because of the short maturity of these instruments.
	Recent Accounting Pronouncements
	On June 10, 2014, the Financial Accounting Standards Board (FASB) issued a new accounting standard that reduces some of the disclosure and reporting requirements for development stage entities. The change will be effective for interim and annual reporting periods beginning after December 15, 2014. As of such date, among other things, development stage entities will no longer be required to report inception-to date information.

Going_Concern

Going Concern	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 2 - Going Concern	'
	The Company is a development stage company and has not commenced planned principal operations. The Company had no revenues and incurred a net loss of $48,651 for the year ended July 31, 2014, and a net loss of $ 65,017 for the year ended July 31, 2013. In addition, the Company had a working capital and stockholders’ deficiency of $141,204 at July 31, 2014. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on the Company’s existing stockholders.
	The accompanying financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.
	The Company is attempting to address its lack of liquidity by raising additional funds, either in the form of debt or equity or some combination thereof. During the year ended July 31, 2014 the Company borrowed $31,340 on the Note Payable to First Line (see Note 3). There can be no assurances that the Company will be able to raise the additional funds it requires.

Note_Payable

Note Payable	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 3 - Note Payable	'
	Note payable, First Line Capital, LLC, bears interest at 8% per annum and is due March 31, 2015. The note allows the Company to borrow any amount in increments of up to $50,000. Accrued interest on this note included in Accounts Payable was $13,793 and $4,875 as of July 31, 2014 and July 31, 2013, respectively.
	For the period April 1, 2014 to June 9, 2014, the Note was in default and interest was accrued at the default rate of 15%. On June 10, 2014, the Note Payable to First Line Capital LLC was extended to March 31, 2015. As of such date, it is no longer in default.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 4 - Commitments and Contingencies	'
	On September 1, 2011 the Company entered into a one-year consulting agreement with First Line Capital, LLC (“First Line”) under which First Line will provide certain business and corporate development services to the Company for an annual consulting fee of $10,000 payable on each August 31 during the term of the agreement beginning on August 31, 2012. The agreement will automatically renew for successive one-year terms unless terminated by either party at least 10 days prior to the end of the then current term. As of July 31, 2014 and July 31, 2013 accrued consulting fees included in Accounts Payable amounted to $29,167 and $19,167, respectively. On October 14, 2014, the parties entered into an amendment to the consulting agreement providing that the agreement will terminate July 31, 2015. Compensation terms under the amended agreement remained the same (See Note 8).

Income_Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 5 - Income Taxes	'
	At July 31, 2014 the Company had available net-operating loss carryforwards for Federal tax purposes of approximately $177,000, which may be applied against future taxable income, if any, through 2033. Certain significant changes in ownership of the Company may restrict the future utilization of these tax loss carryforwards.
	At July 31, 2014 the Company had a deferred tax asset of approximately $60,000 representing the benefit of its net operating loss carryforwards. The Company has not recognized the tax benefit because realization of the tax benefit is uncertain and thus a valuation allowance has been fully provided against the deferred tax asset. The difference between the Federal Statutory Rate of 34% and the Company’s effective tax rate of 0% is due to an increase in the valuation allowance of approximately $16,000 for the year ended July 31, 2014.

Common_Stock

Common Stock	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 6 - Common Stock	'
	On May 1, 2011 the Company sold 97,500,000 shares of common stock for $650 to the Founder of the Company.
	On June 28, 2011 the Company sold 52,500,000 shares of common stock for $35,000 to private investors.
	On May 23, 2013 the Company’s CEO returned 42,855,000 shares of common stock as additional paid in capital.
	On June 28, 2013 FINRA confirmed a 15 for 1 forward split of the Company’s common stock to stockholders of record on July 8, 2013 as authorized by the Company’s Board of Directors. All share and per share data have been retroactively restated to reflect this recapitalization.

Preferred_Stock

Preferred Stock	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 7 - Preferred Stock	'
	The Company’s Board of Directors may issue authorized but unissued shares of preferred stock in series and at the time of issuance, determine the rights, preferences and limitation of each series. The holders of preferred stock may be entitled to receive a preference payment in the event of any liquidation, dissolution or winding-up of the Company before any payment is made to the holders of the common stock. Furthermore, the board of directors could issue preferred stock with voting and other rights that could adversely affect the voting power of the holders of the common stock.

Subsequent_events

Subsequent events	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
NOTE 8 - Subsequent events	'
	On September 17, 2014, the Company borrowed an additional $5,480 on the Note Payable to First Line Capital, increasing the balance owed to $96,170 (See Note 3).
	On October 14, 2014, the parties entered into an amendment to the consulting agreement providing that the agreement will terminate July 31, 2015. Compensation terms under the amended agreement remained the same (See Note 4).

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2014
Notes to Financial Statements	'
Organization	'
	Darkstar Ventures, Inc. (“the Company” or “we”) was incorporated on May 8, 2007 under the laws of the State of Nevada.
	The Company has not generated revenues from planned principal operations and is considered a development stage company. The Company originally intended to market and sell eco-friendly health and wellness products to the general public via the internet. The Company was dormant from its inception to May 1, 2011. The Company has since abandoned its business plan and is now seeking an operating company with which to merge or to acquire. There can be no assurance that we will be able to identify a company and successfully effect such a business combination or merger.
	On November 20, 2012, we entered into a binding letter of intent (“LOI”) with Real Aesthetic, Inc., a Nevada corporation (“Real Aesthetic”), to acquire all of the issued and outstanding shares of common stock in exchange for common stock of the Company. The closing of the transactions contemplated by the LOI was subject to the completion of the due diligence investigation of both parties, execution and delivery of documentation for the transaction, consents from the respective boards of directors of both companies and any third parties and the delivery of audited financial statements by Real Aesthetic. Subsequently, we decided not to pursue the contemplated transaction with Real Aesthetic.
Cash and Cash Equivalents	'
	The Company considers all highly-liquid investments purchased with a maturity of three months or less to be cash equivalents.
Revenue Recognition	'
	For revenue from product sales, the Company will recognize revenue in accordance with Staff Accounting Bulletin No. 104, “Revenue Recognition” (SAB No. 104), which superseded Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements” (SAB No. 101). SAB No. 104 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowance, and other adjustments will be provided for in the same period the related sales are recorded.
Advertising Costs	'
	Advertising costs will be charged to operations when incurred. The Company did not incur any advertising costs during the year ended July 31, 2014 and for the period May 8, 2007 (inception) to July 31, 2014.
Income Taxes	'
	The Company accounts for income taxes using the asset and liability method, the objective of which is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting and the tax bases of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Website Development Costs	'
	The Company accounts for website development costs pursuant to FASB Accounting Standards Codification 350-50-25, Website Development Costs, which specifies the appropriate accounting for costs incurred in connection with the development and maintenance of websites. Under 350-50-25, costs related to certain website development activities are expensed as incurred (such as planning and operating stage activities). Costs relating to certain website application and infrastructure developments are generally capitalized, and are amortized over its estimated useful life of two (2) years. Website development costs totaling $5,000 were charged to expense during the year ended July 31, 2011.
Loss Per Share	'
	The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented. Diluted loss per common share is the same as basic loss per common share as there are no potentially dilutive securities outstanding (options and warrants).
Research and Development	'
	Research and development costs will be charged to expense in the period incurred. The Company did not incur any research and development costs during the year ended July 31, 2014 and the period May 8, 2007 (inception) to July 31, 2014.
Accounting Estimates	'
	The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.
Fair Value Measurements	'
	The authoritative guidance for fair value measurements defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or the most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact, and (iv) willing to transact. The guidance describes a fair value hierarchy based on the levels of inputs, or which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:
	Level 1: Quoted prices in active markets for identical assets or liabilities.
	Level 2: Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities.
	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities.
	The Company's financial instruments include cash and equivalents, accounts payable and notes payable. These items are determined to be a Level 1 fair value measurement.
	The carrying amounts of cash and equivalents, accounts payable and notes payable approximate fair value because of the short maturity of these instruments.
Recent Accounting Pronouncements	'
	On June 10, 2014, the Financial Accounting Standards Board (FASB) issued a new accounting standard that reduces some of the disclosure and reporting requirements for development stage entities. The change will be effective for interim and annual reporting periods beginning after December 15, 2014. As of such date, among other things, development stage entities will no longer be required to report inception-to date information.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details Narrative) (USD $)	12 Months Ended			87 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2011	Jul. 31, 2014
Organization And Basis Of Presentation Details Narrative	'	'	'	'
Date of incorporation	8-May-07	'	'	'
State of incorporation	'State of Nevada	'	'	'
Web Site Development	'	'	$5,000	$5,000

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	12 Months Ended		87 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014
Going Concern Details Narrative	'	'	'
Net loss	$48,651	$65,017	$176,854
Stockholders deficiency	141,204	'	141,204
Proceeds from borrowing	$31,340	$42,150	$90,690

Note_Payable_Details_Narrative

Note Payable (Details Narrative) (USD $)	Jul. 31, 2014	Jul. 31, 2013
Note Payable Details Narrative	'	'
Bearing interest	8.00%	'
Default rate	15.00%	'
Maximum borrowings	$50,000	'
Accrued interest on First Line Capital, LLC	$13,793	$4,875

Commitments_and_Contingencies_

Commitments and Contingencies (Details Narrative) (USD $)	Jul. 31, 2014	Jul. 31, 2013
Commitments And Contingencies Details Narrative	'	'
Accrued consulting Fees	$29,167	$19,167

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	12 Months Ended
	Jul. 31, 2014
Income Taxes Details Narrative	'
Net-operating loss carryforwards	$177,000
Deferred tax asset	60,000
Federal statutory tax rate	34.00%
Valuation allowance	$16,000
Effective tax rate	0.00%