v3.26.1
Income taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Effective Income Tax Rate

The following table reconcile the U.S. Federal statutory income tax rate to the Company’s effective income tax rate for years ended December 31, 2025 and 2024:

 

 

   Amount   Rate   Amount   Rate 
   Year ended December 31, 
   2025   2024 
   Amount   Rate   Amount   Rate 
Components of loss before provision for income taxes  $10,442,485       $7,852,659     
Provision for income taxes at U.S. federal statutory rate  $(2,192,922)   21.00%  $(1,649,058)   21.00%
 State and local income taxes, net of federal benefit   1,182,487    (11.32)%   (341,591)   4.35)%
Change in Valuation Allowance   981,605    (9.50)%   3,311,262    (42.17)%
Other permanent items   11,880    (0.02)%   (1,320,613)   16.82%
Other adjustments   16,950    (0.16)%       %
Total tax provision and effective tax rate  $    %  $    %
Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s net deferred tax assets are as follows: 

 

   2025   2024 
  

As of December 31,

 
   2025   2024 
Deferred tax assets          
Net operating loss carry-forward  $5,108,580   $4,555,400 
Section 174 Qualified Research Expenditures   1,729,805    1,232,033 
Stock compensation   2,696,830    1,099,090 
R&D Credit   54,092    38,640 
Other        
Deferred tax assets, Gross   9,589,307    6,925,163 
Less: valuation allowance   (9,589,307)   (6,925,163)
Total net deferred tax asset  $   $ 
Schedule of Components of Income Tax Provision

The components of the provision for income taxes consist of the following:

   2025   2024 
   December 31, 
   2025   2024 
Deferred tax:          
Deferred   (9,589,307)   (3,311,252)
Change in valuation allowance   9,589,307    3,311,252 
Total deferred        
Total provision for income taxes  $   $