Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets

Deferred tax assets are comprised of the following:

 

    2019     2018  
Deferred tax assets:                
NOL carryover   $ 3,038,600     $ 2,105,600  
Depreciation     (800 )     18,100  
Valuation allowance     (3,037,800 )     (2,123,700 )
Net deferred tax asset   $ -     $ -  

Schedule of Reconciliation of the Provision for Income Taxes

    2019     2018  
Book Loss   $ (1,327,400 )   $ (1,170,600 )
Depreciation     19,000       13,400  
Meals & Entertainment     167,420       2,600  
Stock Compensation     1,900       242,730  
Loss on Asset Disposal     -       7,714  
Change in valuation allowance     1,139,080       904,156  
Provision for Income Taxes   $ -     $ -