| Schedule of Loss Before Provision From Income Taxes |
Schedule
of Loss Before Provision From Income Taxes
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Expected income tax recovery (Domestic) | |
$ | (3,038,117 | ) | |
$ | (5,026,158 | ) |
| Expected income tax recovery (Foreign) | |
| (11,888 | ) | |
| (11,888 | ) |
| State taxes (net of federal tax benefits) | |
| (64,943 | ) | |
| (92,997 | ) |
| Change in valuation allowance (Domestic) | |
| 1,677,094 | | |
| 1,088,687 | |
| Change in valuation allowance (Foreign) | |
| 11,888 | | |
| 11,888 | |
| Interest and penalties | |
| 1,456,000 | | |
| 829,000 | |
| Impairment of goodwill | |
| 271,274 | | |
| 329,172 | |
| Share-based compensation | |
| 511,686 | | |
| 579,384 | |
| Change in fair value | |
| (1,869,787 | ) | |
| 1,254,877 | |
| Permanent non-deductible IRS Section 280E | |
| 3,115,476 | | |
| 4,053,976 | |
| Other | |
| 576,317 | | |
| 419,697 | |
| Current income tax expense | |
$ | 2,635,000 | | |
$ | 3,435,638 | |
|
| Schedule of Provision For Income Taxes |
The provision for income taxes for the years
ended:
Schedule
of Provision For Income Taxes
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Current income tax expense | |
$ | 2,635,000 | | |
$ | 3,435,638 | |
| Deferred income tax recovery | |
| (116,385 | ) | |
| (128,395 | ) |
| Income tax provision | |
$ | 2,518,615 | | |
$ | 3,307,243 | |
|
| Schedule of Deferred Tax Assets and Liabilities |
The unrecognized temporary differences of the
Company that give rise to significant portions of the Company’s deferred tax assets and liabilities are set forth below:
Schedule
of Deferred Tax Assets and Liabilities
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Deferred tax assets: | |
| | | |
| | |
| Non-capital loss carry forwards | |
$ | 11,216,010 | | |
$ | 9,505,595 | |
| Accrued expenses | |
| 66,628 | | |
| 65,529 | |
| Reserves | |
| 83,918 | | |
| 101,176 | |
| Other | |
| 96,721 | | |
| 98,413 | |
| Valuation allowance | |
| (11,463,277 | ) | |
| (9,770,713 | ) |
| Total deferred tax assets | |
| - | | |
| - | |
| Deferred tax liabilities: | |
| | | |
| | |
| Fixed assets and intangibles | |
| (766,796 | ) | |
| (883,181 | ) |
| Net deferred tax liability | |
$ | (766,796 | ) | |
$ | (883,181 | ) |
|