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4. Income Taxes
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
4. Income Taxes

4. Income Taxes  

 

The Company has a net operating loss carried forward of approximately $3,702,218 available to offset taxable income in future years which commence expiring in fiscal 2027.  The Company is subject to United States federal and state income taxes at an approximate rate of 21%.  

 

There was no income tax expense for the years ended December 31, 2021 and 2020. The reconciliation and the tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at the U.S. statutory rate of 21% at December 31, 2021 & 2020 are as follows:

 

       
       
Deferred tax assets          
Net operating losses   (3,702,218)  $(3,553,580)
 Deferred tax liability          
Net deferred tax assets   777,466    746,252 
Less valuation allowance   (777,466)   (746,252)
Deferred tax asset - net valuation allowance        $