v3.26.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME BEFORE PROVISION FOR INCOME TAXES

Income before provision for income taxes consisted of the following:

       
   For the year ended December 31, 
   2025   2024 
U.S.  $(21,447,994)  $(15,577,092)
Foreign   600,800    556,663 
Total income before provision for income taxes  $(20,847,194)  $(15,020,429)
SCHEDULE OF INCOME TAX PROVISION

The provision for income taxes on earnings from continuing operations consisted of the following:

       
   For the year ended December 31, 
   2025   2024 
Current:  $   $ 
Federal   -    - 
State   1,716    1,700 
Foreign   -    - 
Total Current  $1,716   $1,700 
Deferred:          
Federal   -    - 
State   -    - 
Foreign   -    - 
Total Deferred   -    - 
Income tax expense  $1,716   $1,700 
SCHEDULE OF EFFECTIVE TAX RATE AND STATUTORY TAX RATE

The reconciliation of federal statutory income tax rate to our effective tax rate after the adoption of ASU 2023-09 is as follows:

  

For the year ended December 31, 2025

 
         
U.S. Federal Statutory Tax Rate   (4,374,816)   21.0%
State and Local Income Taxes, Net of Federal Income Tax Effect*   1,356    0.0%
Foreign Tax Effects   (126,168)   0.6%
Changes in Valuation Allowances   4,077,647   (19.6)%
Nontaxable or Nondeductible items:          
Change in fair value of convertible notes   242,218    (1.2)%
Other   385,207    (1.8)%
Other Adjustments   (203,728)   1.0%
Effective Tax Rate  $1,716    0.0%

 

*State taxes in California made up the majority (greater than 50%) of the tax effect in this category.

 

  

For the year ended

December 31, 2024

 
         
U.S. Federal Statutory Tax Rate   (3,154,290)   21.0%
State and local taxes, net of federal tax benefit   (11,768)   0.1%
Permanent differences   230,890    (1.5)%
Change in valuation allowance   2,454,200    (16.3)%
Stock-based compensation   482,045    (3.2)%
Other   623    0.0%
Income tax expense  $1,700    0.1%
SCHEDULE OF NET DEFERRED TAX ASSETS

The significant components of deferred income taxes were as follows:

   2025   2024 
Deferred tax assets:          
Net operating losses  $57,370,722   $53,447,116 
Capitalized R&D   2,289,605    2,959,591 
Stock-based compensation   1,070,010    288,756 
Accruals   6,945    249,495 
Operating lease liabilities   -    17,760 
Other   435    616 
Total gross deferred tax assets   60,737,717    56,963,334 
           
Deferred tax liabilities:          
Right-of-use asset   -    (17,340)
Gross deferred tax liabilities   -    (17,340)
           
Gross deferred tax assets   60,737,717    56,945,994 
Valuation Allowance   (60,737,717)   (56,945,994)
Net deferred tax asset/(liabilities)  $-   $-