Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes  
Schedule of income tax (benefit) provision

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For The Years Ended

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​

December 31

​

    

2021

    

2020

Federal:

 

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​

  

Current

​

$

—

​

$

—

Deferred

​

 

—

​

 

—

State and local:

​

 

  

​

 

  

Current

​

 

—

​

 

—

Deferred

​

 

—

​

 

—

Income tax provision

​

$

—

​

$

—

​

Schedule of expected tax benefit based on the statutory rate reconciled

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​

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For The Years Ended December 31, 

 

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2021

    

2020

 

U.S. federal statutory rate

 

21.0

%  

21.0

%

State tax rate, net of federal benefit

 

5.3

%  

5.3

%

Permanent differences

 

  

 

  

​

 Non-deductible expenses

 

(10.5)

%

(1.3)

%

State tax change

 

0.0

%  

0.0

%

Timing differences

​

0.6

%  

0.0

%

Change in valuation allowance

 

(16.4)

%

(25.0)

%

Income tax provision

 

0.0

%  

0.0

%

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Schedule of deferred tax assets consisted of the effects of temporary differences

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As of December 31, 

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2021

    

2020

Deferred tax assets:

 

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​

  

Net operating loss carryforwards

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$

3,165

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$

2,494

Intangible Assets

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—

​

 

—

Other

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4

​

 

3

Total deferred tax assets

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3,169

​

 

2,497

Valuation allowance

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(3,169)

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(2,382)

Deferred tax assets, net of valuation allowance

​

$

—

​

$

115

Deferred tax liabilities:

​

 

​

​

 

  

Property and equipment, net

​

 

—

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(115)

Total deferred tax liabilities

​

 

—

​

 

(115)

Net deferred tax liabilities

​

$

—

​

$

—

​