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4. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2019
Tables/Schedules  
Schedule of Deferred Tax Assets and Liabilities

 

 

 

December 31,

 

 

2019

2018

Deferred tax assets:

 

 

 

  Net operating loss carryforwards

 

$      214,200

$      175,000

  Accrued liabilities

 

2,400

2,400

  Inventories

 

15,600

16,400

  Other

 

300

1,400

Federal income tax credits

 

66,000

66,000

    Total deferred tax assets

 

298,500

261,200

 

 

 

 

Deferred tax liability:

 

 

 

  Property and equipment

 

(2,000)

-

 

 

 

 

Deferred tax assets, net

 

296,500

261,200

Less valuation allowance

 

(296,500)

(261,200)

Total deferred tax assets, net

 

$                  -

$                  -