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, 2019 June 30, 2018 Net operating loss carryforwards $ 30,813 $ 32,433 Valuation allowance (30,813) (32,433) Net deferred tax assets $ - $ - The following table reconciles the effective income tax rates with the statutory rates for the years ended June 30: Deferred tax assets consist primarily of the tax effect of NOL carry-forwards.