XML 32 R21.htm IDEA: XBRL DOCUMENT v3.22.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
INCOME TAXES  
Schedule for provision (benefit) for income taxes

 

 

December 31,

 

 

 

2021

 

 

2020

 

Federal

 

$-

 

 

$-

 

State

 

 

-

 

 

 

-

 

Deferred

 

 

-

 

 

 

-

 

Total

 

$-

 

 

$-

 

Actual income tax rate versus the tax computed at the Federal Statutory rate

 

 

December 31,

 

 

 

2021

 

 

2020

 

Federal rate

 

 

21%

 

 

21%

Change in tax rate

 

 

-

 

 

 

-

 

State net of federal

 

 

4%

 

 

4%

Return to provision and deferred adjustments

 

 

0%

 

 

10%

Valuation allowance

 

 

(25)%

 

 

(35)%

Effective income tax rate

 

 

0%

 

 

0%
Sechdule of Federal income tax provision difference

 

 

December 31,

 

 

 

2021

 

 

2020

 

Salaries and wages

 

$45,621

 

 

$82,878

 

Interest expense, related party

 

 

11,905

 

 

 

26,011

 

Selling, general and administrative

 

 

6,247

 

 

 

6,622

 

Professional and legal fees

 

 

30,981

 

 

 

3,817

 

Stock compensation

 

 

-

 

 

 

224,021

 

Loss on impairment

 

 

-

 

 

 

12,455

 

Net operating loss

 

 

580,253

 

 

 

224,449

 

Total

 

 

675,007

 

 

 

580,253

 

Valuation allowance

 

 

(675,007)

 

 

(580,253)

Deferred tax asset, net

 

$-

 

 

$-