Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets
    December 31,
2021
 
Deferred tax assets:      
    Amortization   $ 11,000  
Net operation loss carryforwards     920,000  
Total deferred tax asset     931,000  
Valuation allowance     (931,000 )
    $
-
 

 

Schedule of federal income tax rate
    December 31,
2021
 
       
Statutory federal income tax rate     21.0 %
State taxes, net of federal tax benefit     7.0 %
Stock-based compensation     (6.1 )%
Shares issued for services     (9.7 )%
Change in fair value of warrant liabilities     30.1 %
Change in valuation allowance     (42.3 )%
Income tax provision    
%