It's shows that the CEO has invested in a good CPA to get the full benefits of any adjustments possible. The huge loss for 2014 was off course mainly down to the inherited situation when the shell was bought part way through 2014.

Also, the Annual Report shows how - subject to IRS regulations: "On an interim basis, the Company has a net operating loss carryover of approximately $335,265 available to offset future income for income tax reporting purposes, which will expire in various years through 2032, if not previously utilized."

That will greatly reduce tax liabilities as the company grows for years to come.