| Schedule of components of income tax expense |
| | 2025 | | | 2024 | | Current tax provision | | $ | — | | | $ | — | | Deferred tax (benefit) expense | | | 16,191,904 | | | | (9,128,198 | ) | Valuation allowance | | | (16,191,904 | ) | | | 9,128,198 | | Total income tax provision | | $ | — | | | $ | — | |
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| Schedule of reconciliation between statutory rate and effective tax rate |
| | As of December 31, | | | | 2025 | | | 2024 | | US federal statutory income tax rate | | | 12,669,312 | | | | 21.00 | % | | | (8,232,834 | ) | | | 21.00 | % | Domestic state and local taxes, net of federal effect | | | | | | | | | | | | | | | | | Kentucky income tax effect | | | (139,732 | ) | | | -0.23 | % | | | (1,318,124 | ) | | | 3.36 | % | Indiana income tax effect | | | (418,310 | ) | | | -0.69 | % | | | (378,516 | ) | | | 0.97 | % | State Rate Adjustment | | | 35,314 | | | | 0.06 | % | | | - | | | | 0.00 | % | Transfer of Legal Liability to Subsidiary Via Spin Off (State) | | | 390,692 | | | | 0.65 | % | | | - | | | | 0.00 | % | Valuation Allowance related to Deferred Tax Attributes Transferred via Spin Off | | | 4,178,190 | | | | 6.93 | % | | | - | | | | 0.00 | % | Change in VA from Disc Ops Transferred via Spin Off | | | (1,422,159 | ) | | | -2.36 | % | | | - | | | | 0.00 | % | Change in VA from All Operations | | | (2,623,995 | ) | | | -4.35 | % | | | 1,696,640 | | | | -4.33 | % | Nontaxable or nondeductible items: | | | | | | | | | | | | | | | | | Stock Compensation | | | 413,329 | | | | 0.69 | % | | | 791,549 | | | | -2.02 | % | Other Permanent Items | | | 2,884 | | | | 0.00 | % | | | 9,728 | | | | -0.02 | % | Losses Attributable to Disc Ops Prior to Spin Off | | | 4,582,330 | | | | 7.60 | % | | | - | | | | 0.00 | % | Tax Free Spin Off Reorg | | | (19,958,469 | ) | | | -33.08 | % | | | - | | | | 0.00 | % | Other Adjustments | | | | | | | | | | | | | | | | | Transfer of Legal Liability to Subsidiary Via Spin Off | | | 2,108,969 | | | | 3.50 | % | | | | | | | | | Change in Federal valuation allowance | | | | | | | | | | | | | | | | | Valuation Allowance related to Deferred Tax Attributes Transferred via Spin Off | | | 20,803,927 | | | | 34.48 | % | | | - | | | | 0.00 | % | Change in VA from Disc Ops Transferred via Spin Off | | | (7,054,417 | ) | | | -11.69 | % | | | - | | | | 0.00 | % | Change in VA from All Operations | | | (13,567,865 | ) | | | -22.49 | % | | | 7,431,557 | | | | -18.96 | % | | | | | | | | | | | | | | | | | | Income Taxes Provision (Benefit) | | | - | | | | 0.00 | % | | | - | | | | 0.00 | % |
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| Schedule of components of deferred tax assets |
| | 2025 | | | 2024 | | Deferred tax assets: | | | | | | | Net operating loss carry forwards | | | 34,141,809 | | | | 35,952,532 | | Remediation Liability | | | - | | | | 5,554,862 | | Capitalized R&D | | | 9,676 | | | | 418,370 | | Fixed Assets | | | (3,299 | ) | | | 5,095,109 | | Accrued Litigation Liability | | | 460,110 | | | | 3,576,251 | | ROU Assets/Liabilities | | | 250,067 | | | | 507,138 | | Stock Compensation | | | 390,528 | | | | 336,487 | | Total deferred tax asset | | | 35,248,891 | | | | 51,440,749 | | Valuation allowance | | | (35,248,891 | ) | | | (51,440,749 | ) |
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