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NOTE 12 - PROVISION FOR INCOME TAXES: Schedule of deferred tax asset and reconciliation of income taxes (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of deferred tax asset and reconciliation of income taxes

 

 

 

December 31,

 

December 31,

 

 

2020

 

2019

Net Operating loss carryforward

$

8,601,999

$

4,378,894

Effective tax rate

 

21%

 

21%

Deferred tax asset

 

1,806,420

 

919,568

Foreign taxes

 

(5,112)

 

-

Less: valuation allowance

 

(1,341,272)

 

(499,049)

Net deferred tax asset

$

460,036

$

420,519