v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of tax expense for federal income tax

 

 

December 31, 2025

 

 

December 31, 2024

 

Federal tax benefit at the statutory rate

 

$(997,649)

 

 

21.00%

 

$(2,139,081)

 

 

21.00%

State tax benefit at the statutory rate

 

 

-

 

 

 

0.00%

 

 

-

 

 

 

0.00%

Unallowed deductions

 

 

587

 

 

 

-0.01%

 

 

365

 

 

 

0.00%

Stock based forbearance fee expense

 

 

87,792

 

 

 

-1.85%

 

 

950,082

 

 

 

-9.33%

Stock based compensation expense

 

 

387,503

 

 

 

-8.16%

 

 

716,633

 

 

 

-7.04%

Gain (loss) on settlement of debt

 

 

-

 

 

 

0.00%

 

 

(27,372)

 

 

0.27%

Amortization of debt discount

 

 

-

 

 

 

0.00%

 

 

3,049

 

 

 

-0.03%

Change in valuation allowance

 

 

521,767

 

 

 

-10.98%

 

 

496,324

 

 

 

-4.87%

Total

 

$-

 

 

 

 

 

 

$-

 

 

 

 

 

Schedule of deferred tax assets and liabilities

 

 

December 31,

2025

 

 

December 31,

2024

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforward

 

$15,070,424

 

 

$14,548,657

 

Timing differences

 

 

-

 

 

 

-

 

Total gross deferred tax assets

 

 

15,070,424

 

 

 

14,548,657

 

Less: Deferred tax asset valuation allowance

 

 

(15,070,424)

 

 

(14,548,657)

Total net deferred taxes

 

$-

 

 

$-