4. Income Taxes

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

4. Income Taxes

4. Income Taxes

The Company has a net operating loss carried forward of approximately $3,812,565 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 period ended September 30, 2023 and December 31, 2022. 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 September 30, 2023 and December 31, 2022 are as follows:

	September 30, 2023			December 31, 2022
Deferred tax assets
Net operating losses		(3,812,565	)	$	(3,788,168	)
Deferred tax liability
Net deferred tax assets		800,639			795,515
Less valuation allowance		(800,639	)		(795,515	)
Deferred tax asset - net valuation allowance		—		$	—