The provision (benefit) for income taxes consisted of the following for the years ended June 30, 2019 and 2018: Deferred tax assets (liabilities) are comprised of the following: June 30, 2020 June 30, 2019 Net operating loss carryforwards $ 30,813 $ 30,813 Valuation allowance (30,813) (30,813) Net deferred tax assets $ - $ - The following table reconciles the effective income tax rates with the statutory rates for the years ended June 30: June 30, 2020 June 30, 2019 Total assets $ - $ - Total liabilities (18,357) (18,357) Working capital deficiency $ (18,357) $ (18,357) Deferred tax assets consist primarily of the tax effect of NOL carry-forwards.