INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION FOR INCOME TAX EXPENSE (BENEFIT)

The provision for income tax expense (benefit) is comprised of the following:

	2021		2020
Current tax, federal	$	1,309,503	$	739,113
Current tax, state		592,394		334,361
Current tax, foreign		91,285		124,414
Current tax, total		1,993,182		1,197,888
Deferred income tax, federal		250,153		158,308
Deferred income tax, state		113,164		71,616
Deferred income tax, foreign		-		179,629
Deferred income tax, total		363,317		409,553
Total	$	2,356,499	$	1,607,441

SCHEDULE OF RECONCILIATION OF INCOME TAXES

The following table reconciles the income tax expense at the U.S. Federal statutory rate to income tax expense at the Company’s effective tax rates.

	2021			2020
Income before tax	$	6,650,756		$	5,190,975
US statutory tax rates		30.50	%		30.50	%
Expected income tax		2,028,481			1,583,247
Non-deductible items		(29,508	)		(60,470	)
Change in estimates and other		(65,027	)		603,422
Change in enacted tax rate		337,961			-
Foreign tax rate difference		(86,696	)		(120,372	)
Change in valuation allowance		171,288			(398,386	)
Total income taxes		2,356,499			1,607,441
Current income tax expense		1,993,182			1,197,888
Deferred tax expense (recovery)		363,317			409,553
Total income tax expense	$	2,356,499		$	1,607,441

SCHEDULE OF DEFERRED TAX ASSETS (LIABILITIES)

	2021			2020
Canada
Non capital loss carryforwards	$	1,443,371		$	1,638,357
Intangible assets		19,849			18,863
Property, equipment and leaseholds		587,408			624,016
Financial instruments		-			26,690
		2,050,628			2,307,926
Valuation allowance		(2,050,628	)		(2,307,926	)
Net deferred tax asset	$	-		$	-
US
		2021			2020
Net operating loss carryforwards	$	-		$	-
Intangible assets		-			-
Investments		(241,880	)		(167,635	)
Property, equipment and leaseholds		(68,282	)		(66,116	)
Property, equipment and leaseholds		12,697			201,393
Financial instruments		-			98,210
Deferred tax asset not recognized		-			-
Net deferred tax asset (liability)	$	(297,465	)	$	65,852

SCHEDULE OF NON OPERATING LOSS CARRYFORWARDS

`	Loss
2029		891,014
2030		1,081,844
2031		1,245,577
2037		2,238,533
2038		372,149
2039		72,378
2040		166,494
2041		207,537
Total		6,275,526