The following table sets forth a reconciliation of the statutory federal income tax for the nine months ended December 31, 2022 and year ended March 31, 2022:

		December 31, 2022			March 31, 2022

Income tax benefit computed at federal statutory rates	$	(4,516,175	)	$	(6,579,200	)
Non-deductible expenses		20,911			28,794
Non-deductible stock-based compensation		209,213			-
Change in valuation allowance		1,704,445			1,810,449
Other		256,450			(945,478	)
Total current income tax expense and deferred tax benefit - net	$	(2,325,156	)	$	(5,685,435	)

The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets or liabilities. Significant components of the deferred tax assets and the related valuation allowance are set out below.

Management has established a valuation allowance on certain deferred tax assets because of the underlying the deferred tax benefit may not be realized.

Significant components of our deferred tax assets and liabilities as of December 31, 2022, and March 31, 2022 are as follows:

		December 31, 2022			March 31, 2022
Deferred tax assets:
Net operating losses	$	7,123,439		$	5,228,305
Net capital losses		-			36,685
Stock-based compensation		2,147,387			2,607,150
Total		9,270,826			7,872,140
Less: valuation allowance		(3,514,894	)		(1,810,449	)
Total deferred tax assets		5,755,932			6,061,691

Deferred tax liability:
Property and equipment		(25,460	)		(47,384	)
Mineral properties		(7,079,154	)		(9,727,330	)
Other		16,562			-
Total deferred tax liabilities		(7,088,050	)		(9,774,714	)

Net deferred tax liability	$	(1,332,118	)	$	(3,713,023	)

Of a total of approximately $34 million of net operating loss carry forward, approximately $8.5 million will begin to expire in 2027, as they were incurred prior to 2018. As a result of the merger, DTRC's net operating losses prior to the merger date may be, by law, partially or entirely unavailable to offset future taxable income.

We follow the provisions of ASC 740 relating to uncertain tax provisions and have commenced analyzing filing positions in all of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. There are no unrecognized tax benefits as of December 31, 2022, and March 31, 2022. We file income tax returns in the United States federally and in one state jurisdiction and in Canada. The Company has not been subjected to tax examinations for any year and the statute of limitations has not expired. The Company's tax returns remain open for examination by the applicable authorities, generally 3 years for federal and 4 years for state.