INCOME TAX

6 Months Ended

Jun. 30, 2017

The Company provides for income taxes under ASC 740, "Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. The Company provided a full valuation allowance for the deferred tax asset.

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the following reasons:

	Six Months Ended
	June 30,
	2017			2016
Federal income tax benefit attributable to:
Current operations	$	7,279		$	8,985
Less: valuation allowance		(7,279	)		(8,985	)
Net provision for Federal income taxes	$	-		$	-

Net deferred tax assets consist of the following components as of:

	June 30,			December 31,
	2017			2016
Deferred tax asset attributable to:
Net operating loss carry over	$	26,033		$	18,754
Less: valuation allowance		(26,033	)		(18,754	)
Net deferred tax asset	$	-		$	-

TRON Group Inc. 10-Q