v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Deferred Tax Assets

Significant components of the Company’s deferred tax assets as of December 31, 2025 and 2024 are summarized below.

 

   December 31,
2025
   December 31,
2024
 
Deferred Tax Assets (Liabilities):        
Net operating losses carried forward  $4,312,919   $2,389,968 
Interest expense   485,932    74,887 
Share-based compensation   328,695    556,410 
Change in fair value of warrant liability   (5,988)   (412)
Total deferred tax assets (liabilities):   5,120,829    3,020,853 
Less valuation allowance   (5,120,829)   (3,020,853)
Net deferred tax asset (liability)  $
-
   $
-
 
Schedule of Reconciliation of Federal Income Tax Rate

The following table reconciles the income tax benefit (expense) at the statutory rates to income tax benefit (expense) at the Company’s effective tax rate.

 

   December 31,
2025
   December 31,
2024
 
         
Net income (loss) before taxes   (10,551,674)  $(6,150,372)
Statutory tax rate   21%   21%
Expected income tax due (recovery)   (2,215,252)  $(1,291,578)
Permanent differences and other   1,973    240 
Net operating loss (tax effected)   2,213,878   $1,291,338 
Income tax provision  $
-
   $
-
 
Schedule of Statuary Rate to the Effective Tax Rate

The following is a reconciliation from the Company’s statuary rate to the effective tax rate reported in the financial statements:

 

Item  2025
Amount
   2025
Percent
   2024
Amount
   2024
Percent
 
Federal statutory tax benefit   (2,215,852)   21.00%   (1,291,578)   21.0%
State tax benefit, net of federal   
-
    0.00%   
-
    0.0%
Non-Deductible or Non-Taxable Items   1,973    0.00%   240    0.0%
Change in valuation allowance   2,213,878    -21.0%   1,291,338    -21.0%
Total tax expense   
-
    0.0%   
-
    0.0%