Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes Tables Abstract

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are as follows:

	Year ended
	December 31, 2020			December 31, 2019
Net (loss) per financial statements which approximates net income (loss) per income tax returns	$	(1,112,802	)		(1,238,976	)
Income tax expense (benefit) applying prevailing
Federal and state income tax rates		(312,715	)		(359,303	)
Less NOL carry forward and valuation allowance		(312,715	)		(359,303	)
Net income tax expense (benefit)	$	-		$	-

Schedule of Income Tax Effective Tax Rate

The U.S. Federal statutory rate is reconciled to the effective tax rate as follows:

	Year Ended December 31,
	2020			2019
U.S. Federal Statutory Rate		21	%		21	%
State income taxes		8	%		8	%

Schedule of Effective Reconciliation Income Tax Provision Benefit

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal years ended

December 31, 2020 and December 31, 2019:

	December 31, 2020			December 31, 2019
Federal Statutory Rate	$	(234,000	)	$	(260,000	)
Valuation Allowance		234,000			260,000
		-			-

Schedule of Net Deferred Tax Asset and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal year December 31, 2020 and December 31, 2019:

	December 31, 2020			December 31, 2019
Deferred Tax Asset:
Net Operating Loss Carry Forwards	$	8,534,000		$	8,300,000
Total Deferred Tax Assets		8,534,000			8,300,000
Deferred Tax Liabilities:
Depreciation		-			-
Deferred Revenue		-			-
Total Deferred Tax Liabilities		-			-
Net Deferred Tax Assets:		8,534,000			8,300,000
Less Valuation Allowance		(8,534,000	)		(8,300,000	)
Net Deferred Tax Assets (Liabilities)	$	-		$	-