| Schedule of Provision for Income Taxes |
The Company’s provision for income taxes consists of the following for the six months ended June 30, 2026 and 2025: | | | 2026 | | | 2025 | | | Current: | | | | | | | | Federal | | $ | - | | | $ | 171,949 | | | State and local | | | - | | | | - | | | Total current | | | - | | | | 171,949 | | | | | | | | | | | | | Deferred: | | | | | | | | | | Federal | | $ | - | | | $ | (141,815 | ) | | State and local | | | - | | | | (45,293 | ) | | Total deferred | | | - | | | | (187,108 | ) | | | | | | | | | | | | Income tax provision (benefit) | | $ | - | | | $ | (15,159 | ) |
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| Schedule of Reconciliation of the Federal Statutory Rate |
A reconciliation of the federal statutory rate of 21% for the six months ended June 30, 2026 and 2025 to the effective rate for (loss) income from operations before income taxes is as follows: | | | 2026 | | | 2025 | | | Benefit for income taxes at federal statutory rate | | | 21.00 | % | | | 21.00 | % | | State and local income taxes, net of federal benefit | | | 6.71 | | | | 6.71 | | | Meals and entertainment | | | (0.42 | ) | | | (0.41 | ) | | Other and prior-year true up | | | (27.29 | ) | | | (27.30 | ) | | Effective income tax rate | | | - | % | | | - | % |
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| Schedule of Deferred Tax Assets (Liabilities) |
The tax effects of these temporary differences along with the net operating losses, net of an allowance for credits, have been recognized as deferred tax assets (liabilities) at June 30, 2026 and December 31, 2025 as follows: | | | June 30, 2026 (unaudited) | | | December 31, 2025 | | | Net operating loss | | $ | 987,856 | | | $ | 695,067 | | | Accounts and contracts receivable | | | (500,214 | ) | | | (472,180 | ) | | Prepaid expenses | | | (12,801 | ) | | | (20,780 | ) | | Accounts payable and accrued expenses | | | 215,289 | | | | 245,192 | | | Depreciation | | | (150,929 | ) | | | (180,167 | ) | | Stock-based compensation | | | 1,486,084 | | | | 1,486,084 | | | Lease liability | | | (30,679 | ) | | | (40,124 | ) | | Net deferred tax asset (liability) | | | 1,994,607 | | | | 1,713,092 | | | Less: valuation allowance | | | (1,994,607 | ) | | | (1,713,092 | ) | | | | $ | - | | | $ | - | |
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