| SCHEDULE OF PROVISIONS FOR INCOME TAXES |
The following table
reconciles the U.S. Parent’s pre-tax book loss to taxable income (loss) for the fiscal years ended December 31, 2025, and December
31, 2024:
SCHEDULE
OF PROVISIONS FOR INCOME TAXES
| Income Tax | |
Deferred Tax Assets/Liability | |
| | |
December 31, 2025
(Restated) | | |
December 31, 2024
(Restated) | |
| | |
Book value | | |
Tax value | | |
Book value | | |
Tax value | |
| Income (Loss) per Books | |
| (878,612 | ) | |
| (184,509 | ) | |
| (507,821 | ) | |
| (106,642 | ) |
| M-1 Differences: | |
| | | |
| | | |
| | | |
| | |
| Stock/options issued for services | |
| 49,300 | | |
| 10,353 | | |
| 846,950 | | |
| 177,860 | |
| Allowance for doubtful accounts | |
| — | | |
| — | | |
| 44,058 | | |
| 9,252 | |
| Tax income (loss) | |
| (829,312 | ) | |
| (174,156 | ) | |
| 383,187 | | |
| 80,469 | |
| | |
| | | |
| | | |
| | | |
| | |
| Prior Year NOL (exclude the effect of state tax) | |
| (1,842,001 | ) | |
| (212,665 | ) | |
| (1,395,876 | ) | |
| (293,134 | ) |
| Cumulative NOL | |
| (1,842,001 | ) | |
| (386,820 | ) | |
| (1,842,001 | ) | |
| (212,665 | ) |
|
| SCHEDULE OF DEFERRED TAX ASSETS |
SCHEDULE
OF DEFERRED TAX ASSETS
| | |
December
31, 2025
(Restated) | | |
December
31, 2024
(Restated) | |
| Net operating loss carry forwards. | |
| 386,820 | | |
| 212,665 | |
| Stock/options issued for services | |
| 10,353 | | |
| 177,860 | |
| Allowance for doubtful accounts | |
| — | | |
| 9,252 | |
| Valuation allowance | |
| (397,173 | ) | |
| (399,776 | ) |
| Total | |
| — | | |
| — | |
| | |
| | | |
| | |
| Tax at statutory rate (21%) | |
| (184,509 | ) | |
| (106,642 | ) |
| State tax benefit, net of federal tax effect | |
| — | | |
| — | |
| Change in valuation allowance | |
| 184,509 | | |
| 106,642 | |
| Total | |
| — | | |
| — | |
|