v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Provision for Income Taxes

The provision for income taxes for the years ended December 31, 2024 and 2023 consisted of the following:

 

   December 31,
2024
   December 31,
2023
 
Income Tax Expense        
Current federal tax expense          
Federal  $
-
   $
-
 
State   5,100    2,421 
Deferred tax          
Federal   
-
    162,048 
State   
-
    53,889 
Total  $5,100   $218,358 
Schedule of Reconciliations of Statutory Income Tax Rate The following is a reconciliation of income tax expenses at the effective rate to income tax at the calculated statutory rates:
   December 31,
2024
   December 31,
2023
 
Statutory tax rate          
Federal   21.00%   21.00%
State of California   6.90%   6.81%
Permanent difference   (0.11)%   (4.19)%
Change in valuation allowance   (27.83)%   (26.69)%
Effective tax rate   (0.04)%   (3.07)%
Schedule of Net Deferred Taxes

The significant components that comprised the Company’s net deferred taxes are as follows:

 

   As of
December 31,
2024
   As of
December 31,
2023
 
Deferred tax assets/(liabilities)          
Property, plant and equipment   (70,758)   (70,758)
Right of use asset   66,063    17,283 
Allowance for credit loss   441,890    327,557 
Inventory impairment   1,003,122    355,243 
Net operating loss – federal   

4,237,504

    1,243,813 
Less: valuation allowance   (5,677,821)   (1,873,138)
Total deferred tax assets/(liabilities)   
-
    
-