Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 9 – Income Taxes

Income tax benefits attributable to losses from operations in the United States of America was $nil for the years ended December 31, 2022, and 2021, and differed from the amounts computed by applying the United States of America combined federal and state tax rate of 24.91% to pretax losses from operations as a result of the following:

	2022			2021
Loss for the year before income taxes	$	(151,396	)	$	12,116,448
Computed expected tax benefit		(37,714	)		(3,018,268	)
Non-deductible expenses		3,737			3,102,197
True-up of prior-year provision to statutory tax returns		(4,938	)		23,150
Change in valuation allowance		38,915			(107,079	)
Income tax expense		—			—

Deferred tax assets that have not been recognized are as follows:

Start-up costs	$	235,321		$	196,402
Valuation allowance		(235,321	)		(196,402	)
Deferred tax assets (liabilities)	$	—		$	—

A full valuation allowance has been provided as the Company has a history of losses as evidenced by its accumulated deficit. At December 31, 2022, and December 31, 2021, the Company had net operating loss carry forwards of $939,825 and $788,429, respectively.