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

The components of “Loss before income taxes” in the Consolidated Statements of Operations are as follows:

 

SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES

   December 31, 2025   December 31, 2024 
United States  $(4,239,851)  $(4,754,944)
Foreign (Korea)   (393,042)   (28,707)
Total loss before income taxes  $(4,632,893)  $(4,783,651)
SCHEDULE OF EFFECTIVE TAX RATE RECONCILIATION

The effective tax rate reconciliation is as follows:

 

SCHEDULE OF EFFECTIVE TAX RATE RECONCILIATION

   December 31, 2025   December 31, 2025   December 31, 2024   December 31, 2024 
Loss before income taxes  $(4,632,893)   　   $(4,783,651)   　 
U.S. federal statutory tax benefit   (972,908)   (21)%   (1,004,567)   (21)%
State and local income taxes, net of federal benefit   0    0%   0    0%
Foreign (Korea) tax rate differential   43,628    1%   3,186    1%
Tax credits (Korean R&D)   0    0%   0    0%
Effect of changes in tax laws or rate   0    0%   0    0%
Cross-border tax effects   0    0%   0    0%
Permanent differences, goodwill impairment loss including nondeductible expenses   0    0%  $19,795    0%
Permanent differences, debt extinguishment loss including nondeductible expenses   245,328    5%   0    0%
Permanent differences, gain on disposal of subsidiary including nondeductible expenses   0    0%   (2,604,078)   (55)%
Change in valuation allowance   683,952    15%   3,585,663    75%
Income tax expense (benefit)  $0    0%  $0    0%
Effective Tax Rate        0%        0%
SCHEDULE OF DEFERRED TAX ASSET

The deferred tax asset breakdown is as follows:

 

SCHEDULE OF DEFERRED TAX ASSET

Deferred Tax Assets  December 31, 2025   December 31, 2024 
Net operating loss carryforwards – US Federal  $7,254,895   $3,997,981 
Net operating loss carryforwards – Republic of Korea   0    0 
Amortization differences   145,290    0 
IA Impairment differences   214,118    0 
Depreciation differences   260    1,334 
Lease liabilities and other temporary differences   48,713    0 
Bad debt   73    3,397,763 
Forex Translation Adjustment   (32,492)   243,687 
Total deferred tax assets   7,630,858    7,640,764 
Valuation allowance   (7,630,858)   (7,640,764)
Net deferred tax asset   0    0 
Deferred Tax Liabilities   0    0 
Fixed asset basis differences   0    0 
Total Deferred Tax Liabilities   0    0 
Net Deferred Tax Asset (Liability)  $0   $0 
SCHEDULE OF MOVEMENTS IN THE VALUATION ALLOWANCE

Movements in the valuation allowance for the years ended December 31, 2025 and 2024 were as follows:

 

SCHEDULE OF MOVEMENTS IN THE VALUATION ALLOWANCE

Valuation Allowance  December 31, 2025   December 31, 2024 
Beginning Balance  $7,640,764   $413,223 
Additions Charged to Income Tax Expense   (9,906)   7,227,541 
Reductions / Reversals Credited to Income Tax Expense   0    0 
Ending Balance  $7,630,858   $7,640,764 
SCHEDULE OF CASH INCOME TAXES PAID

The cash income taxes paid information is as follows:

 

SCHEDULE OF CASH INCOME TAXES PAID

Cash Income Taxes Paid (Refunded), Net  December 31, 2025   December 31, 2024 
U.S. — Federal  $0   $0 
U.S. — State and Local   0    0 
Republic of Korea   0    0 
Total Cash Income Taxes Paid, Net  $0   $0