| Schedule of Effective Income Tax Rate Reconciliation |
Income
tax expense differed from the expected expense computed by applying the U.S. Federal income tax rate as follows:
Schedule of Effective Income Tax Rate Reconciliation
| | |
Three Months Ended June 30, 2025 | | |
Three Months Ended June 30, 2024 | | |
Six Months Ended
June 30, 2025 | | |
Six Months Ended
June 30, 2024 | |
| Federal income tax benefit at statutory rate | |
$ | (1,004,778 | ) | |
$ | (709,986 | ) | |
$ | (1,803,354 | ) | |
$ | (1,298,252 | ) |
| State income tax benefit | |
| (245,082 | ) | |
| (191,142 | ) | |
| (439,546 | ) | |
| (346,052 | ) |
| Permanent differences | |
| 3,346 | | |
| 2,420 | | |
| 6,650 | | |
| 6,074 | |
| Change in valuation allowance | |
| 1,247,371 | | |
| 897,439 | | |
| 2,237,364 | | |
| 1,667,878 | |
| Other | |
| (857 | ) | |
| 1,269 | | |
| (1,114 | ) | |
| (29,648 | ) |
| Total income tax expense | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
|