| Schedule of income tax expense |
| Schedule of income tax expense |
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| Rate Reconciliation |
December
31, 2025 |
|
December
31, 2024 |
|
| |
Chilean
Cobalt |
|
Baltum |
|
Consolidated |
|
Rate
Impact |
|
Chilean
Cobalt |
|
Baltum |
|
Consolidated |
|
Rate
Impact |
|
| Pre-tax book loss |
|
(1,053,324 |
) |
|
(2,209,816 |
) |
|
(3,263,140 |
) |
|
|
|
|
(785,031 |
) |
|
(97,543 |
) |
|
(882,574 |
) |
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| |
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| Federal rate |
|
21% |
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|
27% |
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21% |
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|
27% |
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| Federal provision |
|
(221,000 |
) |
|
(597,000 |
) |
|
(818,000 |
) |
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|
(165,000 |
) |
|
(27,000 |
) |
|
(192,000 |
) |
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| State rate |
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6.99% |
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|
n/a |
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|
6.99% |
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|
n/a |
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| State provision |
|
(74,000 |
) |
|
– |
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|
(74,000 |
) |
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|
|
|
(55,000 |
) |
|
– |
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|
(55,000 |
) |
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| |
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| Provision at statutory rate |
|
(295,000 |
) |
|
(597,000 |
) |
|
(892,000 |
) |
|
27% |
|
|
(220,000 |
) |
|
(27,000 |
) |
|
(247,000 |
) |
|
28% |
|
| Change in valuation allowance |
|
295,000 |
|
|
597,000 |
|
|
892,000 |
|
|
-27% |
|
|
220,000 |
|
|
27,000 |
|
|
247,000 |
|
|
-28% |
|
| Total tax expense (benefit) current and deferred |
|
– |
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|
– |
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– |
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0% |
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|
– |
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|
– |
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– |
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0% |
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|