| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITY |
SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITY
| | |
Deferred Tax Assets/Liability | |
| Income Tax | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
Book value | | |
Tax value | | |
Book value | | |
Tax value | |
| Income (Loss) per Books | |
| | | |
| | | |
| | | |
| | |
| M-1 Differences: | |
| 8,127,313 | | |
| 1,706,736 | | |
| (3,753,268 | ) | |
| (788,186 | ) |
| Stock/options issued for services | |
| - | | |
| - | | |
| 5,561,500 | | |
| 1,167,915 | |
| Depreciation and amortization | |
| 98,395 | | |
| 20,663 | | |
| - | | |
| - | |
| Tax income (loss) | |
| 8,225,708 | | |
| 1,727,399 | | |
| 1,808,232 | | |
| 379,729 | |
| | |
| | | |
| | | |
| | | |
| | |
| Prior Year NOL (excluding state tax) | |
| (6,157,239 | ) | |
| (1,293,020 | ) | |
| (7,965,471 | ) | |
| (1,672,749 | ) |
| Cumulative NOL | |
| 2,068,469 | | |
| 434,379 | | |
| (6,157,239 | ) | |
| (1,293,020 | ) |
|
| SCHEDULE OF INCOME TAX PROVISION |
SCHEDULE OF INCOME TAX PROVISION
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Net operating loss carryforwards | |
| (434,379 | ) | |
| 1,293,020 | |
| Stock/options issued for services | |
| - | | |
| 1,167,915 | |
| Depreciation and amortization | |
| 20,663 | | |
| - | |
| Valuation allowance | |
| (413,716 | ) | |
| (2,460,935 | ) |
| Total | |
| - | | |
| - | |
| | |
| | | |
| | |
| Tax at the statutory rate (21%) | |
| 1,706,736 | | |
| (788,186 | ) |
| State tax benefit, net of federal tax effect | |
| - | | |
| - | |
| Change in the valuation allowance. | |
| (1,706,736 | ) | |
| 788,186 | |
| Total | |
| - | | |
| - | |
|