Annual report pursuant to Section 13 and 15(d)

Income Tax (Tables)

v3.23.1
Income Tax (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate

    2022     2021  
    December 31,  
    2022     2021  
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:

 

    2022     2021  
    December 31,  
    2022     2021  
Deferred tax assets:                
Net operating loss carry forwards   $ 1,950,000     $ 1,535,000  
                 
Net deferred tax assets before valuation allowance   $ 1,950,000     $ 1,535,000  
Less: Valuation allowance     (1,950,000 )     (1,535,000 )
Net deferred tax assets   $ -     $ -