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 Deferred Tax Assets and Liabilities [Table Text Block]
                 
    Year Ended December 31,
    2022   2021
Deferred tax assets:                
Net operating loss carry forwards     2,368,000       1,752,000  
Other     163,000       316,000  
Total deferred tax assets     2,531,000       2,068,000  
Deferred tax liabilities:                
 Property and equipment     (211,000)         
Intangibles     (1,180,000 )     (91,000
Other     (63,000 )     (308,000 )
Total deferred tax liabilities     (1,454,000 )     (399,000 )
                 
Valuation Allowance     (1,077,000 )     (1,669,000 )
                 
Net deferred tax liabilities            
Schedule of expected income tax expense (benefit)
               
    2022   2021
U.S. Federal Statutory Rate     21.0 %     21.0 %
State Taxes     7.1 %     7.1 %
                 
Valuation allowance     (28.1 )%     (12.2 )%
Income tax provision     %     (12.9) %