INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2022

INCOME TAXES

Effective income tax rate reconciliation

	Quarter Ended March 31, 2022			Quarter Ended March 31, 2021
Tax expense at federal statutory rate		(21	)%		(21	)%
State tax expense, net of federal tax effect		0	%		0	%
Increase in valuation allowance		21	%		21	%
Effective income tax rate		(0	)%		(0	)%

Deferred tax assets and liabilities

	March 31, 2022			December 31, 2021
Inventory capitalization	$	8,000		$	8,000
Inventory allowance		68,000			72,000
Allowance for doubtful accounts		1,000			1,000
Accrued compensation		18,000			18,000
Stock based compensation		159,000			160,000
Deferred wages payable		18,000			21,000
Depreciation – Property, Plant & Equipment		(24,000	)		(24,000	)
Research and development credits		24,000			24,000
Net operating loss carry-forwards		2,730,000			2,631,000
Total deferred income tax assets, net		3,002,000			2,911,000
Less: valuation allowance		(3,002,000	)		(2,911,000	)
Net deferred income tax assets	$	0			0