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FORM 10-K
EXHIBIT 10.13
EXHIBIT 31.1
EXHIBIT 32.1
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]
Reconciliation between the federal and actual tax rate
Year Ended June 30,
2015
2014
Federal statutory tax rate
35
%
35
%
State tax, net of federal benefit
6
%
6
%
Total tax rate
40
%
40
%
Allowance
(40)
%
(40)
%
Effective tax rate
-
%
-
%
Deferred tax assets
June 30,
2015
2014
Net operating loss carryforwards
$
4,224,000
4,021,600
Valuation allowance
(4,224,000
)
(4,021,600
)
Net deferred tax asset
$
—
$
—