INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION FOR INCOME TAX EXPENSE (BENEFIT)

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

	2022			2021
Current tax, federal	$	1,017,059		$	1,309,503
Current tax, state		460,098			592,394
Current tax, foreign		216,082			91,285
Current tax		1,693,239			1,993,182
Income tax recovery		(1,476,088	)		-
Current tax, total		217,151			1,993,182
Deferred income tax, federal		(49,088	)		250,153
Deferred income tax, state		(22,207	)		113,164
Deferred income tax, foreign		-			-
Deferred income tax, total		(71,295	)		363,317
Total	$	145,856		$	2,356,499

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.

	2022			2021
Income before tax	$	7,859,085		$	6,650,756
US statutory tax rates		30.50	%		30.50	%
Expected income tax		2,397,021			2,028,481
Non-deductible items		(243,167	)		(29,508	)
Change in estimates and other		(2,004,041	)		(65,027	)
Change in enacted tax rate		-			337,961
Foreign tax rate difference		(226,611	)		(86,696	)
Change in valuation allowance		222,654			(171,288	)
Total income taxes		145,856			2,356,499
Current income tax expense		217,151			1,993,182
Deferred tax expense (recovery)		(71,295	)		363,317
Total income tax expense	$	145,856		$	2,356,499

SCHEDULE OF DEFERRED TAX ASSETS (LIABILITIES)

Deferred taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes. Deferred tax assets (liabilities) at December 31, 2022 and 2021 are comprised of the following:

	2022			2021
Canada
Non capital loss carryforwards	$	891,954		$	1,443,371
Intangible assets		-			19,849
Property, equipment and leaseholds		47,279			587,408
		939,230			2,050,628
Valuation allowance		(939,230	)		(2,050,628	)
Net deferred tax asset	$	-		$	-
US
		2022			2021
Net operating loss carryforwards	$	-		$	-
Intangible assets		(6,070	)		-
Investments		(7,676	)		(241,880	)
Property, equipment and leaseholds		(486,713	)		(68,282	)
Property, equipment and leaseholds		274,289			12,697
Financial instruments		-			-
Deferred tax asset not recognized		-			-
Net deferred tax asset (liability)	$	(226,170	)	$	(297,465	)

SCHEDULE OF NON OPERATING LOSS CARRYFORWARDS

	Loss
2030		645,781
2031		919,683
2032		601,379
2037		1,652,709
2039		46,917
2040		11,591
Total		3,878,060