7. Income Taxes (Details 1) - USD ($) |
12 Months Ended | |
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Dec. 31, 2016 |
Dec. 31, 2015 |
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Income Taxes Details 1 | ||
Loss before taxes | $ (553,681) | $ 78,330 |
Income tax benefit on above amount at federal statutory rate | (188,300) | 26,600 |
State income tax (benefit) expense, net of federal (benefit) expense | (22,100) | 3,100 |
Permanent differences | 6,000 | 6,600 |
Other | 49,600 | (6,800) |
Change in valuation allowance | 154,800 | (29,500) |
Provision for income taxes | $ 0 | $ 0 |
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- Definition Custom Element. No definition available.
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- References No definition available.
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- Definition Custom Element. No definition available.
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- Definition Custom Element. No definition available.
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- Definition Custom Element. No definition available.
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- Definition Custom Element. No definition available.
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- Definition Income before income taxes for oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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