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Income Tax (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The components of income taxes provision (benefit) are as follows:

Schedule of Effective Income Tax Rate Reconciliation

		June 30,				December 31,
		2022				2021
Federal rate			21.02	%			21.00	%
Blended state tax rate			3.81	%			4.05	%
Effective tax rate			24.83	%			25.05	%

Schedule of Components of Income Tax Provision (Benefit)

Schedule of Components of Income Tax Provision (Benefit)

		Current				Deferred				Total
		income tax				income tax				income tax
Tax Expense Summary		expense (benefit)				benefit				benefit
Federal			-				(236,678	)			(236,678	)
State			-				(42,864	)			(42,864	)
Total Tax Expense			-				(279,542	)			(279,542	)

Schedule of Deferred Tax Assets and Liabilities

Schedule of Deferred Tax Assets and Liabilities

		Deferred Tax				Deferred Tax
		Assets				Assets
Deferred Tax Assets summary		June 30, 2022				December 31, 2021
Federal			274,815				38,137
State			50,215				7,351
Total Net DTA (DTL)			325,030				45,488

		Deferred Tax				Deferred Tax
		Assets				Assets
DTA/(DTL) Summary		June 30, 2022				December 31, 2021
ROU			(780	)			(780	)
Inventories Allowance			93,583				46,268
Net Loss			232,227				-
Total Net DTA (DTL)			325,030				45,488

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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