General form of registration statement for all companies including face-amount certificate companies

Income Taxes (Tables) (OWP Ventures, Inc.)

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Income Taxes (Tables) (OWP Ventures, Inc.) - OWP Ventures, Inc. [Member]
9 Months Ended
Dec. 31, 2018
Schedule of Effective Income Tax Rate

The effective income tax rate for the year ended December 31, 2018 consisted of the following:

 

    December 31,  
    2018  
Federal statutory income tax rate     21 %
State income taxes     - % 
Change in valuation allowance     (21 )%
Net effective income tax rate     -  
Schedule of Components of Deferred Tax Asset

The components of the Company’s deferred tax asset are as follows:

 

    December 31,  
    2018  
Deferred tax assets:        
Net operating loss carry forwards   $ 1,506,000  
         
Net deferred tax assets before valuation allowance   $ 316,260  
Less: Valuation allowance     (316,260 )
Net deferred tax assets   $ -