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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2020
INCOME TAXES  
Schedule of components of income tax expense

 

 

2020

 

 

2019

 

Federal tax statutory rate

 

 

21.0%

 

 

21.0%

Permanent differences

 

 

(0.0 )%

 

 

(11.6 )%

Valuation allowance

 

 

21.0%

 

 

(9.4 )%

Effective rate

 

 

0%

 

 

0%
Schedule of deferred tax assets and liabilities

 

 

2020

 

 

2019

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforwards

 

$2,024,000

 

 

$1,238,000

 

Temporary differences

 

 

457,000

 

 

 

1,334,000

 

 

 

 

 

 

 

 

 

 

Total deferred tax asset

 

 

2,481,000

 

 

 

2,572,000

 

 

 

 

 

 

 

 

 

 

Valuation allowance

 

 

(2,481,000)

 

 

(2,572,000)