Income tax (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

The provision (benefit) for income taxes for the years ended December 31, 2021 and 2020 consist of the following:

	2021			2020
Current:
Federal	$	-		$	(1,500	)
State		9,780			11,550
		9,780			10,050
Deferred:
Federal		(500,400	)		(292,000	)
State		(150,000	)		(105,100	)
Change in valuation		650,400			397,100
Total provision (benefit)	$	9,780		$	10,050

Schedule of income tax rate reconciliation

	2021			2020
Net income (loss) before taxes	$	(246,686	)	$	(667,491	)
US federal income tax rate		21	%		21	%
Computed expected tax provision (benefit)		(51,804	)		(140,173	)
Permanent differences and other		702,204			537,273
Change in valuation		(650,400	)		(397,100	)
Federal income tax provision	$	-		$	-

Schedule of deferred tax assets

The significant components of deferred income tax assets as of December 31, 2021 and 2020 after applying enacted corporate income tax rates are as follows:

	2021			2020
Net Operating Losses carried forward	$	2,409,400		$	2,249,900
Capital Losses carried forward		577,000
Deferred officer bonus and other		2,300			88,400
Valuation allowance		(2,988,700	)		(2,338,300	)
	$	-		$	-