Quarterly report pursuant to Section 13 or 15(d)

Employee Retention Credit (???ERC???) (Details Narrative)

Employee Retention Credit (“ERC”) (Details Narrative)
3 Months Ended
Sep. 30, 2021
USD ($)
Employee Retention Credit  
Employee retention credits, description Company’s share of certain payroll taxes equal to 70% of the qualified wages paid to employees between July 1, 2021 and September 30, 2021. Qualified wages are limited to $10,000 per employee per calendar quarter in 2021 for a maximum allowable ERC per employee of $7,000 per calendar quarter in 2021. For purposes of the amended ERC, an eligible employer is defined as having experienced a significant (20% or more) decline in gross receipts during one or more of the first three 2021 calendar quarters when compared to 2019.
Employer shares percentage 70.00%
Qualified wages limitation under the ERC program $ 10,000
Maximum ERC per employee 7,000
Employee retention credit $ 1,975,000