v3.25.2
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX EXPENSE (BENEFIT)

The Company did not have expected tax expense (benefit) at the U.S. statutory rate 21% to the actual tax expense (benefit) reflected in the accompanying statement of operations:

 

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
         
U.S. federal statutory rate  $

(946,354

)  (2,085,850)
State tax benefit net of federal benefit   

(243,330

)   (557,568)
Change in valuation allowance   

1,358,776

    2,496,515 
True-Up & Deferred Adjustment   

(32,683

)   (73,814)
Other permanent items   

(119,803

)   209,444 
Change in tax rate   

(16,606

)   11,273 

Income tax provision/(benefit)

  $-   $- 
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

As of December 31, 2024 and 2023, the Company’s deferred tax assets and liabilities consisted of the effects of temporary differences attributable to the following:

 

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
Deferred tax assets:          
NOL carryforward  $3,129,808   $2,449,401 
Intangible assets   1,958,875    1,995,960 
Warrant liability   498,740    - 
Interest expense   227,272    - 
ASC 842 - Lease Accounting   89,309    65,172 
Charitable contributions   30,336    3,586 
UNICAP 263a Adjustment   (3,823)   53,284 
Allowances   7,485    - 
Total deferred tax assets   5,938,002    4,567,403 
           
Deferred tax liabilities:          
Net book value of fixed assets   (32,905)   (21,083)
Total deferred tax liabilities   (32,905)   (21,083)
           
Net deferred tax assets   5,905,097    4,546,320 
Valuation allowance   (5,905,097)   (4,546,320)
Net deferred tax assets  $-   $-