v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Taxes [Abstract]  
INCOME TAXES

11. INCOME TAXES

 

Income tax (benefit) expense for the three and six months ended June 30, 2025 were $23,627 and $23,627, respectively, and were $(110,894) and $(110,894) for the three and six months ended June 30, 2024, respectively.

 

Deferred tax assets (liability) as of June 30, 2025 and December 31, 2024 consist approximately of:

 

   June 30,   December 31, 
   2025   2024 
Loss on impairment of assets  $713,223   $713,223 
Net operating loss carryforwards   6,048,501    5,677,413 
Operating lease liabilities   139,991    178,014 
Operating lease assets   (139,991)   (178,014)
Deferred tax assets, gross   6,761,724    6,390,636 
Valuation allowance   (6,761,724)   (6,390,636)
Deferred tax assets, net  $
-
   $
-