Income Taxes

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes  

The Company has a net operating loss carried forward of $5,339,247 available to offset taxable income in future years until the end of the fiscal year of 2030.

The significant components of deferred income tax assets and liabilities at March 31, 2024 and 2023 are as follows:

	2024			2023
Net Operating Loss Carryforward	$	1,117,700		$	1,121,242
Valuation allowance	$	(1,117,700	)	$	(1,121,242	)
Net Deferred Tax Asset	$	-		$	-

The income tax benefit has been computed by applying the weighted average income tax rates of the United States (federal and state rates) of 21% to a net loss before income taxes calculated for each jurisdiction. The tax effects of significant temporary differences, which comprise future tax assets and liabilities, are as follows:

	2024		2023
Income tax recovery at statutory rate	$		$	77,941
Valuation allowance change			$	(77,941	)
Provision for income taxes	$	-	$	-