INCOME TAXES

12 Months Ended

Dec. 31, 2022

INCOME TAXES

INCOME TAXES

NOTE 10 - INCOME TAXES

The Company is subject to United States federal income taxes at an approximate rate of 21%. The components of the income tax provision on the consolidated statements of operations is as follows:

	Year Ended		Year Ended
	December 31, 2022		December 31, 2021
Current tax expense	$	-	$	-
Deferred tax expense (benefit)		-		(1,314	)
Provision for income taxes, total	$	-	$	(1,314	)

The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	Year Ended			Year Ended
	December 31, 2022			December 31, 2021
Income tax benefit computed at the statutory rate	$	(889,215	)	$	(399,307	)
Permanent differences		235,561			161,286
Net operating loss carryforwards		653,654			238,021
Temporary differences		-			-
penalties and interest		-			-
Provision for income taxes, current	$	-		$	-
Temporary differences		-			(1,314	)
Deferred tax provision (benefit)	$	-		$	(1,314	)

The Company has the following operating loss carry forwards.

	As of			As of
	December 31, 2022			December 31, 2021
Net Operating loss carry forwards	$	918,400		$	238,021
Valuation allowance		(918,400	)		(238,021	)
Deferred tax assets	$	-		$	-