v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX RECONCILIATION EXPECTED EXPENSE (BENEFIT)

The following table sets forth the reconciliation of income tax expense (benefit) (in dollars):

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
         
U.S. federal statutory rate  $(1,473,768)  $(1,704,209)
State tax benefit net of federal benefit   (303,721)   (351,765)
Change in valuation allowance   550,980    2,051,899 
True-Up & Deferred Adjustment   61,605    - 
Forfeitures & Expiration of Stock Comp   2,029,401    - 
Spin-off tax attribute discrete adjustment   (681,876)   - 
Other permanent items   5,841    4,075 
Other   (188,462)   - 
Income tax provision/(benefit)  $-   $- 

SCHEDULE OF RECONCILIATION INCOME TAX RATE

The following table sets forth the reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate (in percentages):

 SCHEDULE OF RECONCILIATION INCOME TAX RATE

Reconciliation of Statutory Rate to Effective Rate  2025   2024 
Statutory U.S. federal income tax rate   21.00%   21.00%
State income taxes, net of federal benefit   4.35%   4.35%
Change in valuation allowance   (7.85)%   (25.28)%
True-Up & Deferred Adjustment   (0.88)%   0.00%
Forfeitures & Expiration of Stock Comp   (28.92)%   0.00%
Spin-off tax attribute discrete adjustment   9.72%   0.00%
Other Permanent Items   (0.08)%   (0.05)%
Change in Tax Rate   0.00%   0.00%
Other   2.66%   0.00%
Effective income tax rate   0.00%   0.00%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

As of December 31, 2025 and 2024, the Company’s deferred tax assets and liabilities consisted of the effects of temporary differences attributable to the following:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Deferred tax assets:          
NOL carryforward  $22,361,579   $18,918,516 
Accrued expenses   -    174,687 
ASC 842 - Lease Accounting   -    77,152 
Charitable contributions   1,444    7,933 
Intangible Assets   6,325    5,841 
Interest expense   1,225    - 
Reserves and Allowances   -    16,860 
Stock Compensation   -    2,593,511 
Net book value of fixed assets   2,398    - 
Unrealized Loss on Investment   -    38,030 
Total deferred tax assets   22,372,971    21,832,530 
           
Deferred tax liabilities:          
Net book value of fixed assets   -    (10,539)
Total deferred tax liabilities   -    (10,539)
           
Net deferred tax assets   22,372,971    21,821,991 
Valuation allowance   (22,372,971)   (21,821,991)
Net deferred tax assets  $-   $-