v3.26.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of effective income tax rate reconciliation
        
   Year Ended   Year Ended 
   December 31,   December 31, 
   2025   2024 
Income tax benefit computed at the statutory rate  $3,329,000   $3,120,000 
Tax effect of:          
True-ups and non-deductible expenses   193,000    (585,000)
Change in valuation allowance   (3,522,000)   (2,535,000)
Provision for income taxes  $–   $– 

 

The Company adopted ASC 2023-09 during the year ended December 31, 2025 prospectively. A reconciliation setting forth the differences between the effective tax rates and the U.S. federal statutory tax rate is as follows:

               
   Year Ended December 31, 2025 
   Amount   Rate 
US federal statutory tax rate  $3,329,000    21.0% 
Changes in valuation allowances   (3,522,000)   -22.2% 
Nontaxable or nondeductible items   193,000    1.2% 
Effective income tax rate  $–    0% 
Schedule of deferred tax assets
        
   As of   As of 
   December 31,   December 31, 
   2025   2024 
Deferred income tax assets          
Net operating losses  $10,633,000   $7,923,000 
Stock-based compensation   1,026,000    999,000 
Capitalized 174 expenses   7,443,000    6,659,000 
Deferred income tax liability          
Prepaid expenses   (278,000)   (279,000)
Valuation allowance   (18,824,000)   (15,302,000)
Net deferred income tax assets  $–   $–