4. Income Taxes

The Company has a net operating loss carried forward of approximately $3,469,000 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%. As of December 31, 2019, and 2018, the Company had no uncertain tax positions.


	2019	2018

Income tax recovery at statutory rate	16,019	-

Permanent differences and other	-	-
Valuation allowance change	(16,019)	(-)

Provision for income taxes	–	–

The significant components of deferred income tax assets and liabilities at December 31, 2019 and 2018 are as follows:


	2018	2018

Net operating loss carried forward	728,500	712,481

Valuation allowance	(728,500)	(712,481)

Net deferred income tax asset	–	–