| Schedule of effective income tax rate reconciliation |
| Schedule of effective income tax rate reconciliation |
|
|
|
| |
| |
|
|
|
|
| |
| |
|
2025 | |
|
2024 | |
| U.S. federal statutory rate |
|
$ |
(1,615,571 |
) | |
21.0% | |
|
$ |
(1,831,628 |
) |
21.0% | |
| Effects of: |
|
|
|
| |
| |
|
|
|
|
| |
| State and local taxes, net of federal benefit |
|
|
(32,356 |
) | |
0.4% | |
|
|
(337,994 |
) |
3.9% | |
| Prior year true-ups |
|
|
(1,090,658 |
) | |
14.2% | |
|
|
(596,910 |
) |
6.8% | |
| Other |
|
|
29,214 |
| |
(0.4)% | |
|
|
166,141 |
|
(1.9)% | |
| Change in valuation allowance |
|
|
2,545,572 |
| |
(33.1)% | |
|
|
2,600,424 |
|
(29.8)% | |
| Change in entity status |
|
|
171,314 |
| |
(2.2)% | |
|
|
0 |
|
–% | |
| Change in tax rates |
|
|
(7,514 |
) | |
0.10% | |
|
|
(33 |
) |
–% | |
| Effective rate |
|
$ |
– |
| |
–% | |
|
$ |
– |
|
–% | |
|
| Schedule of deferred tax assets |
| Schedule of deferred tax assets | |
| | |
| |
| | |
2025 | | |
2024 | |
| Deferred tax assets: | |
| | | |
| | |
| Federal net operation losses | |
$ | 5,978,691 | | |
$ | 4,716,750 | |
| State net operation losses | |
| 1,971,631 | | |
| 1,153,016 | |
| Stock based compensation | |
| 862,177 | | |
| 840,860 | |
| Capitalized software | |
| 257,982 | | |
| 43,892 | |
| Other assets | |
| 156,041 | | |
| 154,788 | |
| Total deferred tax assets | |
| 9,226,522 | | |
| 6,909,306 | |
| | |
| | | |
| | |
| Deferred income tax liabilities: | |
| | | |
| | |
| Capitalized software | |
| – | | |
| – | |
| Property & equipment | |
| (887) | | |
| (1,270 | ) |
| Total deferred tax liabilities | |
| (887) | | |
| (1,270 | ) |
| | |
| | | |
| | |
| Net deferred tax assets | |
| 9,225,635 | | |
| 6,908,036 | |
| | |
| | | |
| | |
| Valuation allowance | |
| (9,225,635 | ) | |
| (6,908,036 | ) |
| | |
| | | |
| | |
| Net deferred tax asset, net of valuation allowance | |
$ | – | | |
$ | – | |
|