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EX-32.1 - CERTIFICATION - Skkynet Cloud Systems, Inc.skkynet_ex321.htm
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EX-31.1 - CERTIFICATION - Skkynet Cloud Systems, Inc.skkynet_ex311.htm
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v2.4.0.6
INCOME TAXES (Tables)
12 Months Ended
Oct. 31, 2012
Income Taxes Tables  
Deferred tax assets

The Company’s deferred tax assets consisted of the following as of October 31, 2012 and 2011:

 

    2012     2011  
Net operating loss   $ 519,482     $ 411,155  
Valuation allowance     (519,482)     (411,155)
Net deferred tax asset   $ -     $ -  

 

Reconciliation of income taxes at the federal statutory rate

A reconciliation of income taxes at the federal statutory rate to amounts provided for the years ended October 31, 2012 and 2011 is as follows:

 

    2012     2011  
U.S. federal statutory rate     34 %     34 %
Net operating loss     (34 %)     (34 %)
Effective tax rate     - %     - %