INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

INCOME TAXES

Summary of Effective tax rate

In Thousands of US Dollars
Description	2022			2021			2020
Net loss for the year, before income taxes	$	(6,576	)	$	(12,537	)	$	(11,738	)
Net loss attributable to the Bahamas		(5,914	)		(11,781	)		(11,012	)
Net loss attributable the United States		(662	)		(756	)		(725	)
Domestic tax rate applicable to the Corporation		21	%		21	%		21	%
Income taxes at domestic tax statutory rate		(139	)		(159	)		(152	)
Change in valuation allowance		139			159			152
Deferred tax provision (recovery)	$	-		$	-		$	-

Summary of Unrecognized deferred tax assets

In Thousands of US Dollars
Description	2022		2021		2020
Tax loss carry forward	$	1,433	$	1,404	$	1,386
Patents capitalized and amortized for tax purposes		-		0		-
Unrecognized deferred tax assets	$	1,433	$	1,404	$	1,386