General form of registration statement for all companies including face-amount certificate companies

INCOME TAXES (Tables)

v3.22.4
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Difference between income taxes at effective statutory rate and provision for income taxes
           
    Years Ended December 31,  
    2021     2020  
Income tax benefit at U.S. statutory rate of 21%   $ (1,261,869 )   $ (1,416,961 )
State income taxes     (216,321 )     (242,908 )
Non-deductible expenses     64,553       135,152  
Change in valuation allowance     1,413,637       1,524,717  
Total provision for income tax   $     $  
Net deferred tax assets
           
    December 31,  
    2021     2020  
Deferred Tax Assets:                
Net operating loss carryforward   $ 8,247,427     $ 6,807,482  
Intangible assets     5,553       31,841  
Allowance for bad debt            
      8,252,960       6,839,323  
Valuation allowance     (8,252,960 )     (6,839,323 )
Net deferred tax assets   $     $