Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.23.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
SCHEDULE OF RECONCILIATION OF STATUTORY INCOME TAX RATES AND EFFECTIVE TAX RATE

A reconciliation of the statutory income tax rates and the effective tax rate is as follows:

    December 31,  
    2022     2021  
             
Statutory U.S. federal rate     21.0 %     21.0 %
State income tax, net of federal benefit     7.0 %     7.0 %
Permanent differences     (7.5 )%     (4.0 )%
Valuation allowance     (20.5 )%     (24.0 )%
                 
Provision for income taxes     0.0 %     0.0 %
SCHEDULE OF DEFERRED TAX ASSETS

The tax effects of the temporary differences and carry forwards that give rise to deferred tax assets consist of the following:

    2022     2021  
    December 31,  
    2022     2021  
             
Deferred tax assets:                
Net operating loss carry forwards   $ 1,674,531     $ 1,073,527  
Valuation allowance     (1,674,531 )     (1,073,527 )
                 
Total   $ -     $ -