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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
INCOME TAXES  
Schedule of deferred tax assets

 

 

 

 

 

 

 

 

 

December 31,

2021

 

 

December 31,

2020

 

Deferred tax assets and valuation allowances consist of:

 

 

 

 

 

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carry forwards

 

$315,000

 

 

$310,000

 

Less valuation allowance

 

 

(315,000 )

 

 

(310,000 )

Net deferred tax assets

 

$-

 

 

$-

 

Schedule of income tax (expense) benefits

 

 

Year ended

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Tax benefits (expense) at statutory rate

 

 

25%

 

 

25%

Unrecognized tax benefits (expense) of current period tax losses

 

 

(25 )%

 

 

(25 )%

Effective tax rate

 

 

-

 

 

 

-