v3.25.4
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of Components of Income Tax Expense (Benefit)

 

 

2025

 

 

2024

 

Current tax provision

 

$

 

 

$

 

Deferred tax (expense)

 

 

(10,705)

 

 

(8,030)

Total tax (expense)

 

$(10,705)

 

$(8,030)
Schedule of Effective Income Tax Rate Reconciliation

 

 

2025

 

 

2024

 

Federal statutory rate

 

 

21%

 

$(1,067,811)

 

 

21%

 

$(1,209,978)

State income tax rate, net of federal benefit

 

— 

%

 

 

9,222

 

 

 

(3)%

 

 

195,223

 

Nontaxable and nondeductible items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share-based payment awards

 

6

%

 

 

(312,772)

 

 

(6)%

 

 

322,930

 

ERC Income

 

 5

 

 

 (255,467

 

 

 —

 

 

 —

 

Others

 

 —

 

 

 22,408

 

 

 

 —

 

 

 19,142

 

Change in valuation allowance

 

(32

)%

 

 

1,615,125

 

 

(12

)%

 

 

680,713

 

 

 

 

$10,705

 

 

— 

%

 

$8,030

 

Schedule of Deferred Tax Assets and Liabilities

 

 

2025

 

 

2024

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carry forward

 

$42,022,464

 

 

$40,482,038

 

Intangible assets

 

 

841,600

 

 

 

972,200

 

Accrued liabilities

 

 

166,800

 

 

 

247,800

 

Allowance for credit losses

 

 

27,700

 

 

 

40,500

 

Stock compensation expense

 

 

346,500

 

 

 

237,200

 

Interest expense

 

 

510,200

 

 

 

437,400

 

Other

 

 

40,076

 

 

 

40,300

 

Subtotal

 

 

43,955,340

 

 

 

42,457,438

 

Less valuation allowance

 

 

(42,565,811)

 

 

(41,477,681)

Total

 

 

1,386,853

 

 

 

979,757

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

Prepaids

 

 

58,400

 

 

 

62,300

 

Intangible assets and property and equipment

 

 

758,100

 

 

 

410,123

 

Amortization of Goodwill and trade name

 

 

681,000

 

 

 

604,600

 

Total

 

 

1,497,500

 

 

 

1,077,023

 

Net deferred tax liabilities

 

$(107,971)

 

$(97,266)