The benefit (provision) for income taxes for the years ended December 31, 2025 and 2024 consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAXES

	Year Ended December 31, 2025		Year Ended December 31, 2024
Current:
Federal	$	—	$	—
State		—		—
Total current	$	—	$	—
Deferred:
Federal	$	1,994,878	$	534,396
State		—		—
Total deferred	$	1,994,878	$	534,396
Total income tax benefit (provision)	$	1,994,878	$	534,396

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2025 and 2024 are as follows:

	December 31, 2025			December 31, 2024
Deferred tax assets:
Net operating loss carryforwards	$	—		$	1,985,391
Capitalized R&D costs (IRC §174)		2,997,463			316,902
Accruals and reserves		—			31,168
Operating lease liability		42,893			9,008
Debt issuance costs		—			186,155
Total gross deferred tax assets		3,040,356			2,528,624
Valuation allowance		—			—
Net deferred tax assets	$	3,040,356		$	2,528,624
Deferred tax liabilities:
Intangible assets	$	(16,044,000	)	$	(13,524,213	)
Right-of-use assets		(8,838	)		(8,838	)
Total deferred tax liabilities		(16,052,838	)		(13,533,051	)
Net deferred tax liability	$	(13,012,482	)	$	(11,004,427	)