Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Reconciliation of the statutory federal income tax rates

	2021						2020
	($ in thousands)
				Percent of						Percent of
	Amount of tax			Pre-tax Loss			Amount of tax			Pre-tax Loss
Expected tax credit	$	(297	)		21.0	%	$	(234	)		21.0	%
State income taxes, net of
federal tax benefits		(56	)		4.0	%		(45	)		4.0	%
Decrease in environmental
liability		-			0.0	%		-			0.0	%
Increase (decrease) in valuation
allowance		353			25.0	%		279			25.0	%
	$	-			0.0	%	$	-			0.0	%

Deferred tax assets/liabilities

	2021			2020
	($ in thousands)
Deferred tax asset:
Net operating loss carryover	$	18,154		$	17,801
Expenses capitalized under IRC 263(a)		37			37
Tax credits (AMT)		57			57
Valuation allowance		(18,248	)		(17,895	)
Net deferred tax asset	$	-		$	-