Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.24.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets

The tax effect of the carry forwards that give rise to deferred tax assets at December 31, 2023 consists of the following:

 

    2023     2022  
Deferred tax assets:                
Net operating loss   $ 724,000     $ 319,000  
Total deferred tax assets     724,000     $ 319,000  
Valuation allowance     (724,000 )     (319,000 )
Deferred tax asset, net of allowance   $ -     $ -  
Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory income tax rate and the Company’s effective tax rate is as follows:

 

    2023     2022  
Statutory U.S. federal rate     21.0 %     21.0 %
Book to tax differences     (9.0 )%     (6.0 )%
Valuation allowance     (12.0 )%     (15.0 )%
Effective tax rate     0.0 %     0.0 %