| SCHEDULE OF RECONCILIATION OF STATUTORY TAX RATE |
The
following table reconciles the statutory tax rate to the Company’s effective tax rate:
SCHEDULE OF RECONCILIATION OF STATUTORY TAX RATE
| | |
For
the year ended December
31,2025 | |
|
For the year ended
December 31,2024 (Restate)
|
|
| Federal statutory
tax expense (benefit) | |
| (21.00 | )% |
|
|
(21.00 |
)% |
| State statutory | |
| (6.76 | )% |
|
|
(5.82 |
)% |
| Tax rate difference | |
| 0.50 | % |
|
|
2.54 |
% |
| Permanent difference | |
| 0.13 | % |
|
|
0.13 |
% |
| Change
in valuation allowance | |
| 27.13 | % |
|
|
24.15 |
% |
| Effective tax rate | |
| - | % |
|
|
- |
% |
|
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES |
The
components of deferred tax assets (liabilities) are as follows:
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
| | |
As
of December
31, 2025 | |
|
As
of
December 31, 2024 (Restate)
|
|
| Deferred tax: | |
| | |
|
|
|
|
| Allowance for
doubtful accounts | |
$ | - | |
|
$ |
- |
|
| Net operating loss (“NOL”)
carrying forwards | |
| 10,197,351 | |
|
|
8,462,315 |
|
| Inventory provision | |
| - | |
|
|
- |
|
| Change in fair value of derivative
liability | |
| 123,773 | |
|
|
- |
|
| Operating lease liabilities,
net of right of use assets | |
| 2,998 | |
|
|
2,014 |
|
| Change in fair value of warrant
liabilities | |
| 5,728 | |
|
|
21,866 |
|
| Total
deferred tax assets, net | |
| 10,329,850 | |
|
|
8,486,195 |
|
| Less:
valuation allowance | |
| 10,295,855 | |
|
|
8,452,200 |
|
| Total
deferred tax assets, net | |
| 33,995 | |
|
|
33,995 |
|
| | |
| | |
|
|
|
|
| Deferred tax liability: | |
$ | - | |
|
$ |
- |
|
| License
and Patents | |
$ | 33,995 | |
|
$ |
33,995 |
|
| Deferred tax liability, net
of deferred tax assets | |
$ | - | |
|
$ |
- |
|
|