INCOME TAXES

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 13 – INCOME TAXES

The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21%

	December 31, 2022			December 31, 2021
Tax expenses at statutory rate	$	60,595		$	31,019
Tax effect of valuation allowance		(60,595	)		(31,019	)
Tax expenses, net	$	—		$	—

The Company has current net operating loss carryforwards in excess of $2,767,000 as of December 31, 2022, to offset future taxable income, which expire beginning 2035.

	December 31, 2022			December 31, 2021
NOL carryforwards	$	641,566		$	580,972
Valuation allowance		(641,566	)		(580,972	)
Deferred tax asset, net	$	—		$	—

At December 31, 2022, the Company provided a full valuation allowance for the deferred tax asset because it could not be determined whether it was more likely than not that the deferred tax asset would be realized.

In this case the larger numbers at the bottom are determined by the accumulated deficit times 21% and the top number is the current year loss times 21%. The net operating loss amount in the narrative would be the accumulated deficit at December 31, 2022.