Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Taxes

Effective income tax rate reconciliation

	Quarter Ended March 31, 2023			Quarter Ended March 31, 2022
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, 2023			December 31, 2022
					13,
Inventory allowance	$	0		$	61,000
Allowance for doubtful accounts		1,000			1,000
Stock based compensation		138,000			149,000
Deferred wages payable		30,000			21,000
Depreciation – Property, Plant & Equipment		0			(19,000	)
Research and development credits		26,000			24,000
Net operating loss carry-forward		2,482,000			2,972,000
Total gross deferred income tax assets		2,677,000			3,209,000
Less deferred income tax assets valuation allowance		(2,677,000	)		(3,209,000	)
Net deferred income tax assets	$	0			0