Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.24.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Taxes [Abstract]  
Schedule of Income Taxes at the Effective Statutory Rate The items accounting for the difference between income taxes at the effective statutory rate and the provision for income taxes for the years ended December 31, 2023 and 2022 were as follows:
    2023     2022  
Income tax expense (benefit) at U.S. statutory rate   $ 396,229     $ (1,081,240 )
Non-deductible expenses     (64,617 )     506,677  
Change in valuation allowance     (331,612 )     574,563  
Total provision for income tax   $
-
    $
-
 
Schedule of Company’s Approximate Net Deferred Tax Asset The Company’s approximate net deferred tax asset as of December 31, 2023 and 2022 was as follows:

 

Deferred Tax Asset:

  December 31,
2023
    December 31,
2022
 
Net operating loss carryforward   $ 2,176,983     $ 2,512,665  
Allowance for bad debt     4,070      
-
 
Total deferred tax asset before valuation allowance     2,181,053       2,512,665  
Valuation allowance     (2,181,053 )     (2,512,665 )
Net deferred tax asset   $
-
    $
-