v3.25.2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Loss from Operations Before Provision (Benefit) for Income Taxes and Associated Tax Provision (Benefit)

Loss from operations before provision (benefit) for income taxes and associated tax provision (benefit) are summarized in the following table:

 

-      
   Years ended December 31, 
Net Income (Loss)  2024   2023 
Domestic  $(4,306,918)  $(2,384,802)
Net Income (Loss)  $(4,306,918)  $(2,384,802)
           
Current          
Federal  $-   $- 
State   -    - 
Total Current  $-   $- 
           
Deferred          
Federal  $(998,912)  $(590,371)
State   (190,269)   (112,452)
Total Deferred   (1,189,181)   (702,823)
Less Increase in Allowance   1,189,181    702,823 
Net Deferred  $-   $- 
           
Total Income Tax Provision (Benefit)  $-   $- 
Schedule of Deferred Tax Assets and Liabilities

The significant components of the deferred tax assets and liabilities are summarized below:

 

       
   Years ended December 31, 
   2024   2023 
Deferred Tax Assets (Liabilities):          
Net Operating Loss Carry-Forwards  $5,350,576   $4,273,846 
Depreciable and Amortizable Assets   (20,520)   (20,520)
Stock Based Compensation   134,725    118,228 
Loss Reserve   457    457 
Accrued Compensation   133,163    37,326 
Other   32,481    32,364 
Total   5,630,882    4,441,701 
Less Valuation Allowance   (5,630,882)   (4,441,701)
Net Deferred Tax Assets (Liabilities)  $-   $- 
Schedule of Reconciliation of Income Tax Provision

A reconciliation of the income tax provision using the statutory U.S. income tax rate compared with the actual income tax provision reported on the consolidated statements of operations is summarized in the following table:

 

   Years ended December 31, 
   2024   2023 
Statutory United States federal rate   21.00%   21.00%
State income tax, net of federal benefit   4.00    4.00 
Change in valuation allowance   (27.61)   (29.47)
Stock based compensation   0.38    2.13 
Permanent differences   0.00    0.04 
Other   2.23    2.30 
Effective tax rate benefit (provision)   (2.23)%   (2.30)%