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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Taxes  
Schedule of components of deferred tax assets

 

 

2023

 

 

2022

 

Deferred tax asset:

 

 

 

 

 

 

Net operating loss carryforwards

 

$4,198,000

 

 

$3,981,000

 

Intangibles and goodwill

 

 

1,004,000

 

 

 

1,036,000

 

Investments

 

 

34,000

 

 

 

66,000

 

Other

 

 

(6,000 )

 

 

(3,000)

Total deferred tax assets

 

 

5,230,000

 

 

 

5,080,000

 

Valuation allowance

 

 

(5,230,000 )

 

 

(5,080,000 )

Net deferred tax assets

 

$-

 

 

$-

 

Schedule of Effective Income Tax Rate Reconciliation

 

 

2023

 

 

2022

 

Provision (benefit) computed using the statutory rate:

 

$(265,000)

 

$(247,000)

Permanent differences

 

 

(15,000

)

 

 

10,000

 

Change in estimate

 

 

130,000

 

 

 

18,000

 

Change in valuation allowance

 

 

150,000

 

 

 

219,000

 

Total income tax provision (benefit)

 

$

 

 

$