Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Schedule of Income before Income Tax, Domestic and Foreign

	2021			2020
Domestic	$	1,853,423		$	564,424
Foreign		(1,913,892	)		(3,851,228	)
Total	$	(60,469	)	$	(3,286,804	)

Schedule of Effective Income Tax Rate Reconciliation

	2021			2020
Tax benefit at federal statutory rate	$	(13,000	)		(690,000	)
State income tax effect		(2,000	)		(121,000	)
Foreign income tax effect		(127,000	)		(279,000	)
Non-deductible items		-			-
Non-taxable item - gain on CARES Act loan		(93,000	)		-
Percentage depletion		(20,000	)		(28,000	)
Adj for prior year tax estimate to actual-domestic		44,000			581,000
Adj for prior year tax estimate to actual-foreign		1,431,000			(138,000	)
Impact on change in foreign exchange rate		35,000			76,000
Change in valuation allowance - Domestic		(212,000	)		(393,000	)
Change in valuation allowance - Foreign		(1,043,000	)		992,000
Total	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities

	2021			2020
Deferred tax asset:
Domestic net operating loss carry forward	$	485,000		$	688,000
Foreign net operating loss carry forward		1,573,000			2,616,000
Deferred tax asset		2,058,000			3,304,000
Valuation allowance (domestic)		(416,000	)		(628,000	)
Valuation allowance (foreign)		(1,573,000	)		(2,616,000	)
Total deferred tax asset		69,000			60,000
Deferred tax liability:
Property, plant, and equipment		(68,000	)		(58,000	)
Other		(1,000	)		(2,000	)
Total deferred tax liability		(69,000	)		(60,000	)
Net deferred tax asset	$	-		$	-