Note 5 - Income Taxes |
9 Months Ended |
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Mar. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] |
NOTE
5 -
INCOME TAXES There are
no nine months ended March 31, 2018, due to the Company's loss position. The Company has fully reserved for any benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statement and income tax purposes are recognized as appropriate. Realization of the future tax benefits related to the deferred tax assets is dependent on many factors, including the Company's ability to generate taxable income within the net operating loss carry-forward period. Management has considered these factors in reaching its conclusion to provide a full valuation allowance for financial reporting purposes. |