Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Taxes on Income (Tables)

v3.22.2
Taxes on Income (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets
    December 31,  
    2021     2020  
Deferred tax assets            
Operating loss carry forward   $ 10,204,294     $ 9,730,590  
Temporary differences     126,150       136,070  
      10,330,444       9,866,660  
Deferred tax liability                
Beneficial conversion feature     (99,790 )     (99,790 )
                 
Total deferred tax, net     10,230,654       9,766,870  
                 
Valuation allowance     (10,230,654 )     (9,766,870 )
                 
Net deferred tax assets   $
    $
 

 

Schedule of reconciliation of tax benefit
    Year ended December 31,  
    2021     2020     2019  
                   
Loss before tax benefit   $ (2,518,864 )   $ (12,543,737 )   $ (3,953,005 )
                         
Statutory tax rate     23 %     23 %     23 %
                         
Income tax benefit     579,339       2,885,060       909,191  
Effect of:                        
Losses and timing differences for which valuation allowance was provided, net     (463,784 )     (329,578 )     (478,812 )
Non-deductible expenses and other permanent differences     (196,980 )     (2,526,808 )     (332,799 )
Beneficial conversion feature                 (99,790 )
Other     81,425       (28,674 )     2,210  
                         
Income tax expense recognized in profit or loss   $     $     $