Income Taxes

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 6. Income Taxes

There is no provision for federal income taxes for the three months ended September 30, 2022 due to the availability of net operating loss carryforwards. There is no income tax benefit for the losses for the nine months ended September 30, 2022 because our Company has determined that the realization of the next deferred tax asset is not assured. There is no provision for federal income taxes for the three and nine months ended September 30, 2021 due to the availability of net operating loss carryforwards. Our Company has established a valuation allowance for the entire amount of benefits resulting from our Company’s net operating loss carryforwards because our Company has determined that the realization of the net deferred tax asset is not assured.

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

	Three months ended					Nine months ended
	September 30					September 30
	2022		2021			2022		2021
Current state taxes	$	—	$	(10,200	)	$	—	$	1,700
Deferred state taxes		—		—			—		—
	$	—	$	(10,200	)	$	—	$	1,700

There was no change in unrecognized tax benefits during the period ended September 30, 2022 and there was no accrual for uncertain tax positions as of September 30, 2022.

Tax years from 2019 through 2021 remain subject to examination by U.S. federal and state jurisdictions.