Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Note 4. Income Taxes

As of December 31, 2021 and 2020, the Company has approximately $15,300 and $3,800, respectively, in gross deferred tax assets resulting from net operating loss carry-forwards of $72,689 and $18,062, respectively, available to offset future taxable income through 2040 subject to the change in ownership provisions under IRC 382. A valuation allowance has been recorded to fully offset these deferred tax assets because the Company’s management believes future realization of the related tax benefits is uncertain.

The difference between the tax provision at the statutory federal income tax rate on December 31, 2021 and 2020 and the tax provisions attributable to loss before income taxes is as follows:

	December 31,
		2021		2020
Statutory federal income taxes		21.0	%	21.0	%
Valuation allowance		(21.0	)%	(21.0	)%
Effective income tax rate, net		-		-