Provision for Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Effective Income Tax Rate Reconciliation

The following table summarizes the significant differences between the U.S. Federal statutory tax rate and the Company’s effective tax rate for financial statement purposes for the years ended December 31, 2020 and 2019:

	2020			2019
Federal income taxes at statutory rate		21.00	%		21.00	%
State income taxes at statutory rate		7.50	%		7.50	%
Temporary differences		0.38	%		(0.82	)%
Permanent differences		(0.98	)%		(7.41	)%
Change in valuation allowance		(27.90	)%		(20.27	)%
Totals		0.00	%		0.00	%

Schedule of Deferred Tax Assets

As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

	As of			As of
	December 31, 2020			December 31, 2019
Deferred tax assets:
Net operating losses before non-deductible items	$	747,748		$	579,118
Stock-based compensation		28,174			-
Depreciation		(1,616	)		(1,616	)
Total deferred tax assets		774,306			577,502
Less: Valuation allowance		(774,306	)		(577,502	)
Net deferred tax assets	$	-		$	-

India Based Entity [Member]

Schedule of Deferred Tax Assets

Significant components of deferred tax liabilities as at December 31, 2020 and 2019 (was acquired May 2019):

	As of			As of
	December 31, 2020			December 31, 2019
Deferred Tax Assets:
Difference between book and tax base of fixed assets	$	43,868		$	56,696
Provision for gratuity		27,189			22,253
Provision for leave encashment		11,030			8,598
Operating lease		5,170			2,339
NOL carryforward (based on last tax return filed per Indian Income Tax laws)		43,140			11,404
Timing difference on TDS under 40a(ia)		9,002			-
MAT credit		8,644			8,860
Deferred Tax Assets		148,043			110,150
Net Deferred Tax Assets		148,043			110,150
Less: Valuation allowance		(148,043	)		(110,150	)
Net Deferred Tax Asset	$	-		$	-