Income Taxes (Tables)

9 Months Ended

Sep. 30, 2022

Income Taxes

Effective income tax rate reconciliation

	Quarter Ended September 30, 2022			Quarter Ended September 30, 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

	September 30, 2022			December 31, 2021
Inventory capitalization	$	0		$	8,000
Inventory allowance		66,000			72,000
Allowance for doubtful accounts		1,000			1,000
Accrued compensation		18,000			18,000
Stock based compensation		149,000			160,000
Deferred wages payable		19,000			21,000
Depreciation – Property, Plant & Equipment		(19,000	)		(24,000	)
Research and development credits		24,000			24,000
Net operating loss carry-forwards		2,916,000			2,631,000
Total deferred income tax assets, net		3,174,000			2,911,000
Less: valuation allowance		(3,174,000			(2,911,000	)
Net deferred income tax assets	$	0		$	0