Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 7 – INCOME TAXES

For the year ended December 31, 2019, the cumulative net operating loss carry-forward from continuing operations is approximately $19,065,529 and will expire beginning in the year 2030.

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows as of December 31, 2019 and 2018:

	2019			2018
Deferred tax asset attributable to:
Net operating loss carryover	$	4,003,761		$	2,597,027
Valuation allowance		(4,003,761	)		(2,587,027	)
Net deferred tax asset	$	-		$	-

Due to the enactment of the Tax Reform Act of 2017, the corporate tax rate for those tax years beginning with 2018 has been reduced to 21%.