v3.25.2
Income taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Rate Reconciliation

Federal income tax expense differs from the statutory federal rates of 21% for the years ended December 31, 2024 and December 31, 2023 due to the following:

 

Rate Reconciliation  December 31, 2024       December 31, 2023     
                 
Provision/(Benefit) at statutory rate  $

(2,620,482

)    

(21.00

)%   $(851,925)   (21.00)%
State tax Provision/(Benefit) net of federal benefit   

(429,933

)   3.45%    (206,832)   5.10%
Permanent book/tax differences   252,817     (2.03)%   (237,419)   5.85%
Change in valuation allowance   2,934,868     (23.52)%   74,848    (1.85)%
Other   (137,271)    1.10%   1,221,327    (30.11)%
Income Tax Provision/(Benefit)   -    -    -    - 
Schedule of Deferred Income Tax Asset

The components of the net deferred tax asset at December 31, 2024 and 2023, are as follows:

 

   December 31,
2024
   December 31,
2023
 
Deferred Tax Assets          
Allowance for bad debt   $9,774    $5,797 
Fixed assets   171,728    136,208 
Inventory reserve   356,290    - 
Net operating loss carryovers   5,932,995    3,626,165 
Non-capital Losses   727,316    511,340 
Other   99,962    83,687 
Net Deferred Tax Asset/(Liability)   7,298,065    4,363,197 
Valuation Allowance   (7,298,065)    (4,363,197)
Net Deferred Tax Asset/(Liability)  $-      $-