Document and Entity Information
Document and Entity Information | 6 Months Ended |
Jun. 30, 2017shares | |
Document And Entity Information | |
Entity Registrant Name | Tech Central, Inc. |
Entity Central Index Key | 1,639,874 |
Document Type | 10-Q |
Document Period End Date | Jun. 30, 2017 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
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 Common Stock, Shares Outstanding | 8,836,250 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2,017 |
Balance Sheet (Unaudited)
Balance Sheet (Unaudited) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Current Assets | ||
Cash | $ 35,006 | $ 41,592 |
Accounts receivable | 23,500 | 52,500 |
Total Current Assets | 58,506 | 94,092 |
Other Assets | ||
Film Equipment Net | 14,733 | 17,022 |
Total Other Assets | 14,733 | 17,022 |
Total Assets | 73,239 | 111,114 |
Current Liabilities | ||
Accounts payable | 0 | 1,359 |
Income Tax | 1,864 | 7,341 |
Total Current Liabilities | 1,864 | 8,700 |
Total Liabilities | 1,864 | 8,700 |
Commitments & Contingencies | 0 | 0 |
Stockholders' Equity (Deficit) | ||
Common stock $0.001 par value 75,000,000 shares authorized 8,836,250 shares issued and outstanding at June 30, 2017 and December 31, 2016 | 8,837 | 8,837 |
Paid in Capital | 51,988 | 51,988 |
Retained Earnings | 10,550 | 41,589 |
Total Stockholders' Equity (Deficit) | 71,375 | 102,414 |
Total Liabilities and Stockholders' Equity (Deficit) | $ 73,239 | $ 111,114 |
Balance Sheet (Unaudited) (Pare
Balance Sheet (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common stock par value | $ 0.001 | $ 0.001 |
Common stock shares authorized | 75,000,000 | 75,000,000 |
Common stock shares issued | 8,836,250 | 8,836,250 |
Common stock shares outstanding | 8,836,250 | 8,836,250 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Revenue | ||||
Sales | $ 15,500 | $ 7,200 | $ 25,500 | $ 26,700 |
Total Revenue | 15,500 | 7,200 | 25,500 | 26,700 |
Cost of Goods Sold | 0 | 0 | 0 | 0 |
Gross Profit | 15,500 | 7,200 | 25,500 | 26,700 |
Operating Expenses | ||||
Depreciation and amortization | 1,144 | 1,144 | 2,288 | 2,288 |
Computer and Internet Expense | 0 | 0 | 849 | 867 |
Production Expense | 21,100 | 110 | 27,000 | 810 |
Photography-Flyers-printing | 1,199 | 0 | 1,199 | 0 |
Set Building Expense | 1,877 | 0 | 1,877 | 0 |
Consulting Fees | 2,500 | 0 | 7,500 | 0 |
Professional Fees | 4,547 | 5,100 | 13,378 | 5,300 |
Rent Expense | 2,100 | 0 | 2,100 | 0 |
Marketing Expense | 225 | 0 | 375 | 0 |
General & Administrative | 2,864 | 246 | 5,449 | 725 |
Total Expenses | 37,556 | 6,600 | 62,015 | 9,990 |
Other Income/Expense | ||||
Income taxes | (3,308) | 90 | (5,477) | 2,507 |
Total other income/Expense | 3,308 | (90) | 5,477 | (2,507) |
Net Income | $ (18,748) | $ 510 | $ (31,038) | $ 14,203 |
Basic and Diluted Loss Per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Shares Basic & Diluted Outstanding | 8,836,250 | 8,836,250 | 8,836,250 | 8,836,250 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash Flows from Operating Activities | ||
Net Income (loss) | $ (31,038) | $ 14,203 |
Adjustments to Reconcile Net Loss To Net Cash Provided by (Used In) Operating Activities: | ||
Accounts receivable | 29,000 | 0 |
Accounts payable | (1,359) | 0 |
Income Tax Payable | (5,477) | 2,507 |
Film Equipment Depreciation Expense | 2,288 | 2,288 |
Net Cash Provided by (Used In) Operating Activities | (6,586) | 18,998 |
Cash Flows From Investing Activities | ||
Net Cash Provided by Investing Activities | 0 | 0 |
Cash Flows from Financing Activities | ||
Net Cash Provided by Financing Activities | 0 | 0 |
Increase (Decrease) in Cash | (6,586) | 18,998 |
Cash at Beginning of Period | 41,592 | 74,799 |
Cash at End of Period | 35,006 | 93,797 |
Cash paid for Interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2017 | |
Summary Of Significant Accounting Policies | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of the significant accounting policies applied in the preparation of the accompanying financial statements follows. BUSINESS AND BASIS OF PRESENTATION Tech Central, Inc. ("TCI") was incorporated under the laws of the State of Wyoming on April 30, 2014. TCI was formed as a Media Company engaging in online video and photography content development and distribution; and website and mobile app technology integration design and development. BASIS OF PRESENTATION The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of June 30, 2017. ESTIMATES The preparation of the financial statement in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts. Accordingly, actual results could differ from those estimates. CASH AND CASH EQUIVALENTS The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2017 and December 31, 2016. PROPERTY AND EQUIPMENT The Company values its investment in property and equipment at cost less accumulated depreciation. Depreciation is computed primarily by the straight line method over the estimated useful lives of the assets ranging from three to five years. INVENTORY Inventory is recorded at lower of cost or market; cost is computed on a first-in first-out basis. ACCOUNTS RECEIVABLE Trade receivables are carried at original invoice amount. We recognize revenue from sales or services rendered when the following four criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable, and collectability is reasonably assured. Receivables past due for more than 120 days are considered delinquent. Management determines uncollectible accounts by regularly evaluating individual customer receivables and considering a customer's financial condition, credit history, and current economic conditions and by using historical experience applied to an aging of accounts. Recoveries of trade receivables previously written off are recorded when received. FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS We have adopted Accounting Standards Codification regarding Disclosure About Derivative Financial Instruments and Fair Value of Financial Instruments. The carrying amounts of cash, accounts payable, accrued expenses, and other current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments in the management of foreign exchange, commodity price or interest rate market risks. FEDERAL INCOME TAXES Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with Accounting Standards Codification regarding Accounting for Income Taxes, which requires the use of the asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred taxes are provided for the estimated future tax effects attributable to temporary differences and carryforwards when realization is more likely than not. REVENUE RECOGNITION The Company recognizes revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 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) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. NET INCOME PER SHARE OF COMMON STOCK We have adopted Accounting Standards Codification regarding Earnings per Share, which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings per share of common stock is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. We do not have a complex capital structure requiring the computation of diluted earnings per share. IMPAIRMENT OF LONG-LIVED ASSETS The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed. STOCK BASED COMPENSATION The Company recognizes stock-based compensation in accordance with ASC Topic 718 "Stock Compensation", which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values. For non-employee stock-based compensation, we have adopted ASC Topic 505 "Equity-Based Payments to Non-Employees", which requires stock-based compensation related to non-employees to be accounted for based on the fair value of the related stock or options or the fair value of the services on the grant date, whichever is more readily determinable in accordance with ASC Topic 718. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS As of June 30, 2017, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations. |
Uncertainty, Going Concern
Uncertainty, Going Concern | 6 Months Ended |
Jun. 30, 2017 | |
Uncertainty Going Concern | |
Uncertainty, going concern: | Note 2 - Uncertainty, going concern: The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs to allow it to continue as a going concern. As of June 30, 2017 the Company had retained earnings of $10,550. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations, which raises substantial doubt about the Company’s ability to continue as a going concern. In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
Equipment
Equipment | 6 Months Ended |
Jun. 30, 2017 | |
Property, Plant and Equipment [Abstract] | |
Equipment | Note 3- Equipment Equipment June 30, 2017 December 31, 2016 Equipment $ 22,884 $ 22,884 Accumulated Depreciation (8,151 ) (5,862 ) Net Equipment $ 14,733 $ 17,022 The Company purchased film equipment for $22,884, which is comprised of video, lighting and editing equipment. The depreciation expense for quarter ended June 30, 2017 was $1,144 and for quarter ended June 30, 2016 was $1,144. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Commitments And Contingencies | |
Commitments and Contingencies | Note-4 - Commitments and Contingencies We have an employment agreement with our President Joe Lewis whereby he has agreed to take a salary when he has determined the Company has enough capital to pay a salary. No salary was paid in the quarter ended June 30, 2017. We do not anticipate beginning to pay salaries until we have adequate funds to do so. There are no stock option plans, retirement, pension, or profit sharing plans for the benefit of our officer and director. At June 30, 2017 there was no accrual of salaries. |
Common Stock
Common Stock | 6 Months Ended |
Jun. 30, 2017 | |
Equity [Abstract] | |
Common Stock | Note 5– Common Stock There were no share issuances during the year ended 2016 or for the six months ended June 30, 2017. At the year ended December 31, 2016 and at the quarter ended June 30, 2017 the Company had 8,836,250 shares issued. |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Income Taxes | |
Income Taxes | N ote 6 – Income Taxes We account for income taxes in accordance with FASB ASC 740, Income Taxes As such we had taxes payable of $1,864 at the quarter ended June 30, 2017 as compared to taxes payable of $7,341 at the year ended December 31, 2016. Tax Year Net Profit Tax Rate Tax Expense Accrued Liability Six Months Ended June 30, 2017 $ (31,038 ) 15 % $ (5,477 ) $ 1,854 December 31,2016 $ 3,358 15 % $ 505 $ 7,341 The tax years from 2014 through 2017 are open to the IRS for inspection. The Company is subject to both the federal and Wyoming tax jurisdictions. As such for the three months ended June 30, 2017 and June 30, 2016 we had tax expenses of ($3,308) and $90 and for the six months ended June 30, 2017 and June 30, 2016 we had tax expenses of ($5,477) and $2,507. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 7 – Subsequent Events Management has reviewed events between June 30, 2017 to the date that the financials were available to be issued, and there were no significant events identified for disclosure. |
SUMMARY OF SIGNIFICANT ACCOUN13
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
Summary Of Significant Accounting Policies Policies | |
BUSINESS AND BASIS OF PRESENTATION | BUSINESS AND BASIS OF PRESENTATION Tech Central, Inc. ("TCI") was incorporated under the laws of the State of Wyoming on April 30, 2014. TCI was formed as a Media Company engaging in online video and photography content development and distribution; and website and mobile app technology integration design and development. |
BASIS OF PRESENTATION | BASIS OF PRESENTATION The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of June 30, 2017. |
ESTIMATES | ESTIMATES The preparation of the financial statement in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts. Accordingly, actual results could differ from those estimates. |
CASH AND CASH EQUIVALENTS | CASH AND CASH EQUIVALENTS The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2017 and December 31, 2016. |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT The Company values its investment in property and equipment at cost less accumulated depreciation. Depreciation is computed primarily by the straight line method over the estimated useful lives of the assets ranging from three to five years. |
INVENTORY | INVENTORY Inventory is recorded at lower of cost or market; cost is computed on a first-in first-out basis. |
ACCOUNTS RECEIVABLE | ACCOUNTS RECEIVABLE Trade receivables are carried at original invoice amount. We recognize revenue from sales or services rendered when the following four criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable, and collectability is reasonably assured. Receivables past due for more than 120 days are considered delinquent. Management determines uncollectible accounts by regularly evaluating individual customer receivables and considering a customer's financial condition, credit history, and current economic conditions and by using historical experience applied to an aging of accounts. Recoveries of trade receivables previously written off are recorded when received. |
FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS | FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS We have adopted Accounting Standards Codification regarding Disclosure About Derivative Financial Instruments and Fair Value of Financial Instruments. The carrying amounts of cash, accounts payable, accrued expenses, and other current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments in the management of foreign exchange, commodity price or interest rate market risks. |
FEDERAL INCOME TAXES | FEDERAL INCOME TAXES Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with Accounting Standards Codification regarding Accounting for Income Taxes, which requires the use of the asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred taxes are provided for the estimated future tax effects attributable to temporary differences and carryforwards when realization is more likely than not. |
REVENUE RECOGNITION | REVENUE RECOGNITION The Company recognizes revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 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) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. |
NET INCOME PER SHARE OF COMMON STOCK | NET INCOME PER SHARE OF COMMON STOCK We have adopted Accounting Standards Codification regarding Earnings per Share, which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings per share of common stock is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. We do not have a complex capital structure requiring the computation of diluted earnings per share. |
IMPAIRMENT OF LONG-LIVED ASSETS | IMPAIRMENT OF LONG-LIVED ASSETS The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed. |
STOCK BASED COMPENSATION | STOCK BASED COMPENSATION The Company recognizes stock-based compensation in accordance with ASC Topic 718 "Stock Compensation", which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values. For non-employee stock-based compensation, we have adopted ASC Topic 505 "Equity-Based Payments to Non-Employees", which requires stock-based compensation related to non-employees to be accounted for based on the fair value of the related stock or options or the fair value of the services on the grant date, whichever is more readily determinable in accordance with ASC Topic 718. |
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS As of June 30, 2017, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations. |
Equipment (Tables)
Equipment (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equipment Tables | |
Equipment | Equipment June 30, 2017 December 31, 2016 Equipment $ 22,884 $ 22,884 Accumulated Depreciation (8,151 ) (5,862 ) Net Equipment $ 14,733 $ 17,022 |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Income Taxes | |
Income Taxes | As such we had taxes payable of $1,864 at the quarter ended June 30, 2017 as compared to taxes payable of $7,341 at the year ended December 31, 2016. Tax Year Net Profit Tax Rate Tax Expense Accrued Liability Six Months Ended June 30, 2017 $ (31,038 ) 15 % $ (5,477 ) $ 1,854 December 31,2016 $ 3,358 15 % $ 505 $ 7,341 |
Uncertainty, Going Concern (Det
Uncertainty, Going Concern (Details Narrative) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Uncertainty Going Concern | ||
Retained earnings | $ 10,550 | $ 41,589 |
Equipment (Details Narrative )
Equipment (Details Narrative ) - USD ($) | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 1,144 | $ 1,144 |
Equipment (Details)
Equipment (Details) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Property, Plant and Equipment [Abstract] | ||
Equipment | $ 22,884 | $ 22,884 |
Accumulated Depreciation | (8,151) | (5,862) |
Net Equipment | $ 14,733 | $ 17,022 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Common Stock Details Narrative | ||
Common Stock Shares Issued for services | 0 | 0 |
Common stock shares issued | 8,836,250 | 8,836,250 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Income Taxes | ||
Net Profit | $ (31,038) | $ 3,358 |
Tax Rate | 15.00% | 15.00% |
Tax Expense | $ (5,477) | $ 505 |
Accrued Liability | $ 1,854 | $ 7,341 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Income Taxes | |||||
Taxes payable | $ 1,864 | $ 7,341 | |||
Tax expenses | $ (3,308) | $ 90 | $ (5,477) | $ 2,507 |