v3.26.1
Income tax (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of components of deferred taxes

The unrecognized temporary differences of the Company that give rise to significant portions of the Company’s deferred tax assets and liabilities as of December 31, 2025 and 2024 are set forth below:

  

   December 31, 2025   December 31, 2024 
         
Deferred tax assets          
Charitable Contribution  $199,198   $206,308 
Fixed Assets   153,716    341,926 
Stock Compensation   1,404,442    735,725 
Section 163(j) Interest limitation   2,150,199    2,495,754 
Capital Gain   650,608    650,608 
Unrealized Gain   1,187,301    821,893 
Organization Costs   56,061    52,103 
Accrued Expenses   3,020,654    2,929,799 
Net operating Loss   97,490,319    111,190,694 
R&D Credit   196,501    196,501 
Lease Liability   489,418    340,825 
Section 174 Expenses   24,222    35,396 
Loss on dispotion of assets   151,484    - 
Investment in Digital Assets   4,783,868    - 
Intangibles    2,112,103    890,406 
Total deferred tax assets  $114,070,094   $120,887,938 
           
Deferred tax liabilities          
Intangibles  $824,745   $2,986,522 
Bad Debt Reserve   202,232    - 
Right of use assets   323,205    188,003 
Other Adjustment   -    49,132 
Deferred tax liabilities  $1,350,182   $3,223,657 
           
Valuation Allowance   (113,530,616)   (117,664,281)
           
Net deferred tax assets (liabilities)  $(810,704)   $- 
Schedule of provision for income taxes

The provision for income taxes for the years ended December 31, 2025 and 2024 consisted of the following:

  

       
   For the year ended 
   December 31, 2025   December 31, 2024 
         
Current:          
US  $65,002   $         - 
Foreign   43,015    - 
Total current tax expense (benefit)  $108,017   $- 
           
Deferred:          
US  $-   $- 
Foreign   (44,296)   - 
Total deferred tax expense (benefit)  $(44,296)  $- 
           
Total income tax expense (benefit)  $63,721   $- 
Schedule of reconciliation between income tax expense (benefits)

The reconciliation between the income tax expense (benefit) calculated by applying statutory rates to net loss before income taxes and the income tax expense (benefit) reported in the consolidated financial statements is as follows:

  

       
   For the year ended 
   December 31, 2025   December 31, 2024 
         
         
Income (loss) before income taxes  $(40,036,762)  $(48,750,907)
Statutory income tax rate   21.0%   21.0%
Expected income tax (benefit)  $(8,407,720 )  $(10,237,690)
           
Reconciling items:          
Change in valuation allowance   (4,133,665)   51,434,409 
State taxes   65,002    - 
Permanent differences   2,977,161    3,093,876 
Return to provision   9,645,460    4,306,483 
Purchase accounting adjustments   -    (47,300,799)
Disposal of business units   -    (966,704)
Other   (82,517)   (329,575)
Total income tax expense (benefit)  $63,721   $-