v3.26.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes

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

 

       
   December 31 
   2025   2024 
Federal income taxes:          
Current  $445,808   $- 
Deferred   (163,115)   131,747 
Total federal income taxes   282,693    131,747 
           
State income taxes:          
Current   164,498   (22,913)
Deferred   -    31,368 
Total state income taxes   164,498   8,455 
           
Discontinued operations:          
Current Federal   (445,808)   - 
Current State   (151,754)   - 
Total discontinued operations   (597,562)   

-

 
           
Total income taxes  $(150,371)  $140,202 
Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate is lower than the U.S. federal and state statutory rates primarily because of the valuation allowance and permanent items. In 2025, the permanent expense is related primarily to the impairment in the investment for NTI. A reconciliation of the 2025 and 2024 federal statutory rate as compared to the effective income tax rate is as follows:

 

                   
   December 31 
   2025   2024 
Pre-Tax Book Income at Statutory Rate  $(5,251,208)   21.00%  $(1,769,693)   21.00%
State Tax Expense (Benefit), net   10,067    -0.04%   8,112    -0.10%
Permanent Items   3,879,792    -15.52%   207    0.00%
True-Ups   116,157   -0.46%   95,878    -1.14%
Change in Federal Valuation Allowance   1,094,821    -4.38%   (970,066)   11.51%
True up of Basis in Intangible   -    -%   2,775,764    -32.94%
Total Expense (Benefit)  $(150,371)   0.60%  $140,202    -1.66%
Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax. Significant components of the deferred tax assets and liabilities as of December 31, 2025 and 2024, are as follows:

 

       
   December 31 
   2025   2024 
         
Deferred tax assets:          
Deferred Compensation  $-   $105,500 
Stock Comp Expense - NQSO   215,317    226,819 
Charitable Contribution   -    2,628 

Goodwill and Intangibles

   347,114    - 
Right of Use Liability   571,460    638,395 
Restricted Stock Unit   76,805    60,408 
Investment in HRCFG    162,851    127,365 
Investment in Bloom Partnership   109,388    127,780 
Investment in NAYA Therapeutics   648,427    - 
IRC Sec. 174 Capitalization   -    103,191 
Federal NOL Carryforwards   9,129,631    10,023,354 
State NOL DTA, net of Fed Ben   1,599,258    1,597,307 
Deferred Revenue   189,758    158,334 
Gross deferred tax assets   12,401,582    13,171,081 
           
Deferred tax liabilities:          
Fixed Assets   (35,751)   (38,163)
Goodwill and Intangibles   -    (3,826,456)
Investment in NAYA Therapeutics   

(648,427

)   

-

 
Unrealized Gain/Loss on Fair Value   

(546,625

)   

-

 
Right of Use Asset   (530,379)   (600,308)
Gross deferred tax liability   (1,761,182)   (4,464,927)
Less: valuation allowance   (10,640,400)   (8,869,269)
Net deferred tax liability  $-   $(163,115)