XML 46 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

Income tax benefit on losses differed from the amounts computed by applying the recently enacted U.S. federal income tax rate of 21% to pretax losses as a result of the following:

 

   2020   2019 
Income tax expense (benefit)  $462,557   $(319,823)
Nondeductible expenses   77,152    62,627 
State taxes net of federal benefit   101,782    (84,813)
Change in valuation allowance   (641,491)   342,009 
   $—     $—   

 

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets (liabilities) as of December 31, 2020 and 2019 are presented below:

 

   2020   2019 
Deferred income tax asset  $—     $—   
Net operating loss carryforward   8,025,989    7,964,739 
Valuation allowance   (7,771,135)   (7,754,496)
Total deferred income tax asset   254,854    210,243 
Deferred income tax liability - depreciation   (254,854)   (210,243)
Deferred tax asset (liability)  $—     $—