v3.25.1
TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF RECONCILIATION OF STATUTORY FEDERAL INCOME TAX

The following table sets forth a reconciliation of the statutory federal income tax for the years ended December 31, 2024 and 2023.

  

   2024   2023 
         
Income (loss) before income taxes  $(8,216,112)  $(3,211,277)
           
Income tax expense (benefit) computed at statutory rates  $(1,725,727)  $(674,368)
Permanent differences, nondeductible expenses   28    9 
Increase (decrease) in valuation allowance   1,807,535    710,336)
Expiration of options   32,060    - 
RTA True-Ups   (227,729)   (10,919)
Deferred True-Up   113,833    (25,088)
Tax provision  $-   $- 
           
Total provision          
Foreign  $-   $- 
Total provision (benefit)  $-   $- 
SIGNIFICANT COMPONENTS OF DEFERRED TAX ASSET AND LIABILITY

  

   2024   2023 
Non-Current Deferred tax assets:          
Net operating loss carry forward   12,729,620   $12,355,137 
Foreign tax credit carry forward   18,865    18,865 
Deferred state tax   -    - 
Stock compensation   460,368    470,816 
Book in excess of tax depreciation, depletion and capitalization methods on oil and gas properties   1,497,253    53,720 
Other   -    - 
ASC 842 lease standard - building lease   248    281 
Pass-through investment   -    - 
Total Non-Current Deferred tax assets   14,706,354    12,898,819 
Valuation Allowance   (14,706,354)   (12,898,819)
Net deferred tax asset   -   $-