v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX PROVISION

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

 

   2025   2024 
Federal                 
Current  $-   $- 
Deferred   -    - 
State and local          
Current   -    - 
Deferred   -    - 
Foreign          
Current   -    1,013 
Deferred   -    - 
Income tax provision / (benefit)  $-   $1,013 
SCHEDULE OF RECONCILIATION OF STATUTORY TAX RATE TO EFFECTIVE TAX RATE

Below is a reconciliation of the statutory tax rate to the Company’s effective tax rate for the year ended December 31, 2025.

 

   2025 
   Amount   % 
Pretax book income (loss)  $(24,480,848)   100.0 
Statutory federal income tax  $(5,140,978)   21.0 
Research tax credits   (48,657)   0.2 
Change in valuation allowance   2,828,659   (11.5)
Non-taxable or non-deductible items:          
Non-deductible transaction costs   3,171,730    (13.0)

Change in derivative liability

   (810,787)   3.3 
Meals and entertainment   33    - 
Minimum tax liability   -    - 
Income tax expense  $-    - 

 

   2024 
   Amount   % 
Pretax book income (loss)  $(1,308,859)   100.0 
Statutory federal income tax   -    - 
Minimum tax liability   1,013    0.08 
Income tax expense  $1,013    0.08 

SCHEDULE OF DEFERRED TAX ASSETS

The Company’s deferred tax assets are as follows at December 31, 2025 and 2024:

 

   2025    2024  
Deferred tax assets:                  
Net operating loss carryforward  $3,250,617    $

-

 
Research tax credit carryforward   48,657      -  
Total deferred tax assets   3,299,274      -  
Less: Valuation allowance   (3,299,274)     -  
Net deferred tax assets  $-    $ -