INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAXES

Effective income tax rate reconciliation

	Year Ended December 31, 2021			Year Ended December 31, 2020
Tax expense at federal statutory rate	(21		%)	(21		%)
State tax expense, net of federal tax effect		0	%		0	%
Permanent differences	(12		%)		-
Expired NOL		119	%		42	%
Deferred income tax asset valuation allowance	(86		%)	(21		%)
Effective income tax rate	(0		%)	(0		%)

Deferred tax assets and liabilities

Significant components of the Company’s deferred income tax assets are as follows:

	December 31, 2021			December 31, 2020
Inventory capitalization	$	8,000		$	8,000
Inventory allowance		72,000			73,000
Allowance for doubtful accounts		1,000			6,000
Accrued compensation		18,000			18,000
Stock based compensation		160,000			162,000
Deferred wages payable		21,000			36,000
Depreciation – property, plant and equipment		(24,000	)		(5,000	)
Research and development credits		24,000			22,000
Net operating loss carry-forward		2,631,000			3,123,000
Total gross deferred income tax assets		2,911,000			3,443,000
Less deferred income tax assets valuation allowance		(2,911,000	)		(3,443,000	)
Net deferred income tax assets	$	0		$	0