General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v3.22.2.2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Effective Income Tax Rate

 

    2021     2020  
    December 31,  
    2021     2020  
Federal statutory income tax rate     21 %     21 %
State income taxes     - %     - %
Change in valuation allowance     (21 )%     (21 )%
Net effective income tax rate     -       -  
Schedule of Deferred Tax Asset

The components of the Company’s deferred tax asset are as follows:

 

    2021     2020  
    December 31,  
    2021     2020  
Deferred tax assets:                
Net operating loss carry forwards   $ 1,535,000     $ 1,302,000  
                 
Net deferred tax assets before valuation allowance   $ 1,535,000     $ 1,302,000  
Less: Valuation allowance     (1,535,000 )     (1,302,000 )
Net deferred tax assets   $ -     $ -