Annual report pursuant to Section 13 and 15(d)

Note 22 - Income Tax: Schedule of Components of Income Tax Expense (Benefit) (Tables)

v3.21.1
Note 22 - Income Tax: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

 

 

2020

 

2019

Current:

 

 

 

 

Federal

$

(1,500)

$

-

State

 

11,550

 

14,828

 

 

10,050

 

14,828

Deferred:

 

 

 

 

Federal

 

(292,000)

 

727,900

State

 

(105,100)

 

391,600

Change in valuation

 

397,100

 

(1,119,500)

 

Total provision (benefit)

$

10,050

$

14,828