General form of registration statement for all companies including face-amount certificate companies

Income Taxes - Summary of Effective Tax Rate and Statutory Federal Rate (Details)

v3.21.1
Income Taxes - Summary of Effective Tax Rate and Statutory Federal Rate (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Net income tax expense/(benefit) $ 747
Effective tax rate 25.00% 25.00%
Federal [Member]    
Federal income tax provision (benefit) at statutory rate $ (580,309) $ (289,749)
State tax expense net of federal tax benefit 35,833 22,210
Non-Deductible Expenses 56,545
Foreign taxes at rate different than US Taxes 236 618
Other True-ups 1,267,030
Change in valuation allowance (775,772) 267,668
Net income tax expense/(benefit) $ 3,563 $ (747)
Federal income tax provision (benefit) at statutory rate 21.00% 21.00%
State tax expense net of federal tax benefit (1.29%) (1.61%)
Non-Deductible Expenses (2.05%)
Foreign taxes at rate different than US Taxes (0.01%) (0.05%)
Other True-ups (45.85%)
Change in valuation allowance 28.07% (19.29%)
Effective tax rate (0.13%) 0.05%