Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Income Taxes [Abstract] |
|
| Schedule of Differences between U.S. Statutory Federal Rate Estimated Effective Tax Rate |
The table below summarizes the differences between
the U.S. statutory federal rate and the Company’s estimated effective tax rate for the years ended December 31, 2025 and 2024:
| | |
December
31, 2025 ($) | | |
December
31, 2025 | | |
December
31, 2024 ($) | | |
December
31, 2024 | |
| U.S. Statutory Rate | |
$ | (2,566,985 | ) | |
| (21 | )% | |
$ | 467,881 | | |
| (21 | )% |
| | |
| | | |
| | | |
| | | |
| | |
| AU/CA/MXN rates in excess of the US rate | |
| (238,926 | ) | |
| (2 | )% | |
| (81,761 | ) | |
| 4 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Increase (decrease) in valuation allowance | |
| 4,052,466 | | |
| 33 | % | |
| (284,035 | ) | |
| 14 | % |
| Permanent differences | |
| 316,339 | | |
| 3 | % | |
| - | | |
| - | % |
| Prior period true up | |
| (1,445,423 | ) | |
| (12 | )% | |
| - | | |
| - | % |
| Total provision for income taxes | |
$ | 117,471 | | |
| 1 | % | |
$ | 102,085 | | |
| (4 | )% |
|
| Schedule of Deferred Tax Assets |
The Company has deferred tax assets, which have
been fully reserved, as follows as of December 31, 2025 and 2024:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Net operating Losses | |
$ | 11,993,073 | | |
$ | 10,663,939 | |
| | |
| | | |
| | |
| Obsolete inventory | |
| 26,326 | | |
| 26,326 | |
| Nonstatutory stock options | |
| 515,319 | | |
| 515,319 | |
| Other | |
| 43,313 | | |
| - | |
| Impairment of intangible asset | |
| 220,150 | | |
| 220,150 | |
| Amortization | |
| - | | |
| 106,400 | |
| Bad debt reserve | |
| - | | |
| - | |
| Other | |
| 2,815,819 | | |
| 29,401 | |
| Deferred tax asset | |
| 15,614,000 | | |
| 11,561,535 | |
| Valuation allowance for deferred tax assets | |
| (15,614,000 | ) | |
| (11,561,535 | ) |
| Net deferred tax assets | |
$ | - | | |
$ | - | |
|
| Schedule of Income Tax Provision (Benefit) |
Income tax provision (benefit) consists of the following
for the years ended December 31, 2025 and 2024:
| | |
For the Years Ended December 31, | |
| Income tax provision (benefit): | |
2025 | | |
2024 | |
| Current | |
| | |
| |
| Federal | |
| 9,404 | | |
| 97,644 | |
| State | |
| 104,442 | | |
| | |
| Foreign | |
| 3,625 | | |
| 4,441 | |
| Total Current | |
| 117,471 | | |
| 102,085 | |
| Deferred | |
| | | |
| | |
| Federal | |
| - | | |
| - | |
| State | |
| - | | |
| - | |
| Foreign | |
| - | | |
| - | |
| Total Deferred | |
| - | | |
| - | |
| | |
| | | |
| | |
| Total income tax provision (benefit) | |
$ | 117,471 | | |
$ | 102,085 | |
|
| Schedule of (Loss) Income Before Taxes for Domestic and Foreign Jurisdictions |
The table below summarizes the (loss) income before
taxes for domestic and foreign jurisdictions:
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Domestic (U.S.) | |
$ | (9,765,518 | ) | |
$ | 3,135,519 | |
| Foreign | |
| (2,458,219 | ) | |
| (908,458 | ) |
| Total | |
$ | (12,223,737 | ) | |
$ | 2,227,061 | |
|
| Schedule of Income Tax Provision (Benefit) |
The table below summarizes the income tax expense
for 2025 and 2024:
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Federal | |
$ | 9,404 | | |
$ | 97,644 | |
| State | |
| 104,442 | | |
| - | |
| Foreign | |
| 3,625 | | |
| 4,441 | |
| Total | |
$ | 117,471 | | |
$ | 102,085 | |
|