Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 5. Income Taxes

There is no income tax benefit for the losses for the three months ended March 31, 2022 because our Company has determined that the realization of the net deferred tax asset is not assured. Our Company has created a valuation allowance for the entire amount of such benefits. There is no provision for federal income taxes for the three months ended March 31, 2021 due to the availability of net operating loss carryforwards.

The components for state income tax expense resulting from the limitation on the use of net operating losses are:

	Three Months ended March 31,
	2022		2021
Current state taxes	$	—	$	7,300
Deferred state taxes		—		—
Income tax expense (benefit)	$	—	$	7,300

There was no change in unrecognized tax benefits during the period ended March 31, 2022 and there was no accrual for uncertain tax positions as of March 31, 2022.

Tax years from 2018 through 2021 remain subject to examination by U.S. federal and state jurisdictions.