v3.26.1
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

Note 11. Income Taxes

 

The cumulative tax effect at the expected rate of 21% of significant items comprising the Company’s net deferred tax amount is as follows:

        
   December 31, 2025   December 31, 2024 
Deferred tax asset attributable to:          
Net operating loss  $2,895,728   $1,206,300 
Valuation allowance   (2,895,728)   (1,206,300)
Net deferred income tax assets  $–   $– 

 

A reconciliation of income tax provision to the provision that would be recognized under the statutory rates is as follows:

                    
   For the Years Ended 
   December 31, 2025   December 31, 2024 
                 
Expected tax at statutory rates  $(5,172,151)   21%   $(333,912)   21% 
Temporary Difference - stock based compensation   6,153,477    (25)%    –    0% 
Temporary Difference - change in fair value of derivative   (3,967,410)   16%    –    0% 
Other   106,807    0%    380,414    (24)%
Current Year Change in Valuation Allowance   2,879,278    (12)%    (46,502)   3% 
Income tax expense  $–    0%   $–    0% 

 

The amount taken into income as deferred tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide an allowance of 100% against all available income tax loss carry forwards, regardless of their time of expiry.

 

No provision for income taxes has been provided in these financial statements due to the net loss. At December 31, 2025, the Company has net operating loss carry forwards totaling approximately $13,800,000, which will be carried forward to future periods.