v3.25.2
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Reconciliation of Income Tax Expense Computed at the U.S. Federal Statutory Rate to the Income Tax Provision

The reconciliation of income tax expense computed at the U.S. federal statutory rate to the income tax provision for the years ended December 31, 2024 and 2023 is as follows:

 

   Year ended
December 31, 		 
   2024   2023   
Income before income taxes   $(5,775,951)  $(3,567,883)
Taxes under statutory US tax rates   (1,212,950)   (749,255)
Foreign Rate Differential    (105,152)   (85,538)
Acquisitions    
-
    (7,163,604)
Prior period adjustments    (61,760)   
-
 
Expired net operating loss    3,651    118,215 
Other permanent items    109    (53,837)
Increase (decrease) in valuation allowance    1,376,102    7,934,019 
Income tax expense   $
-
   $
-
 
Schedule of Significant Components of the Company’s Deferred Tax Assets and Liabilities Significant components of the Company’s deferred tax assets and liabilities consist of the following:
   December 31, 
   2024   2023 
Deferred tax assets:        
Net loss carryforwards  $9,877,997   $9,235,425 
Capital loss carryforwards   66,837    66,063 
Stock-based compensation   1,034,960    518,372 
Research and development   317,681    131,690 
Accruals   30,177    
-
 
Deferred asset before valuation allowance   11,327,652    9,951,550 
Valuation allowance   (11,327,652)   (9,951,550)
Net deferred tax asset  $
-
   $
-