v3.26.1
Income Taxes (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Income Taxes [Abstract]    
Schedule of Components of (loss)/income Before Income Taxes

The components of (loss)/income before income taxes were as follows:

 

    For the Three Months Ended
June 30,
    For the Six Months Ended
June 30,
 
    2026     2025     2026     2025  
                         
United States   $ (3,193,922 )   $ (179,553 )   $ (3,681,370 )   $ (372,822 )
Ireland     (131,491 )     181,362       (348,975 )     227,856  
(Loss)/Income before income taxes   $ (3,325,413 )   $ 1,809     $ (4,030,345 )   $ (144,966 )

The components of the provision for income taxes are as follows:

 

    Year Ended
December 31,
2025
    Year Ended
December 31,
2024
 
Current taxes            
Federal   $     $  
State            
Foreign            
Total current income tax (benefit) expense            
                 
Deferred taxes                
Federal     (595,624 )     (265,079 )
State     224,298       (79,776 )
Foreign     784,623       (126,903 )
Total deferred income tax benefit     413,297       (471,758 )
                 
Changes in valuation allowance     (413,297 )     471,758  
Total income tax (benefit) expense from continuing operations   $     $  
Schedule of United States and Foreign Operations losses  

The Company’s United States and Foreign Operations losses are as follows:

 

    For the Year Ended
December 31,
 
    2025     2024  
United States   $ (684,497 )   $ (833,393 )
Foreign     (99,292 )     (1,015,226 )
    $ (783,789 )   $ (1,848,619 )
Schedule of Income Tax Disclosures Reconciliation of Taxes  

Upon adoption of ASU 2023-09, Improvements to Income Tax Disclosures the reconciliation of taxes at the federal statutory rate to our provision for (benefit from) income taxes for the year ended December 31, 2025 was as follows:

 

    Year Ended
December 31, 2025
 
    Amount     Percentage  
U.S. federal statutory tax rate   $ (160,281 )     21.00 %
Foreign tax effects                
Statutory tax rate difference between Foreign and United States     7,234       (0.95 )%
Other     10,438       (1.37 )%
State taxes, net of federal benefit     (168 )     0.02 %
Changes in valuation allowances-Federal     140,810       (18.45 )%
Non-taxable or non-deductible items                
Fund raising costs     4,128       (0.54 )%
Other adjustments     (2,161 )     0.28 %
Provision for income tax   $       0.00 %

 

The reconciliation of taxes at the federal statutory rate to the provision for (benefit from) income taxes for the year ended December 31, 2024 in accordance with the guidance prior to the adoption of ASU 2023-09 was as follows:

 

    Year Ended
December 31,
2024
 
Income Taxes at U.S. Statutory Rate     21 %
Income Taxes at State Rate, net Federal Rate     3 %
Foreign Tax Rate Differential     -5 %
Others     0 %
Change in valuation allowance and return to provision     -19 %
Net     0 %
Schedule of Net Deferred Tax Assets and Related Valuation Allowance  

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The components of the Company’s net deferred tax assets and related valuation allowance are as follows:

 

    Year Ended
December 31,
2025
    Year Ended
December 31,
2024
 
Deferred tax assets:            
Goodwill   $ 32,712     $ 46,645  
Section 174 Research & Development Expenses     155,025       202,820  
Net operating loss carry forwards     4,594,902       4,952,772  
Total non-current deferred tax assets     4,782,639       5,202,237  
                 
Non-current deferred tax liabilities                
Property and equipment     (7,274 )     (13,575 )
Total non-current deferred tax liabilities     (7,274 )     (13,575 )
                 
Net deferred taxes     4,775,365       5,188,662  
Less: Valuation Allowance     (4,775,365 )     (5,188,662 )
Net deferred taxes   $     $  
Schedule of Income Taxes Paid  

Upon adoption of ASU 2023-09, Improvements to Income Tax Disclosures cash paid for income taxes, net of refunds, during the year ended December 31, 2025 was as follows:

 

      Year Ended
December 31,
2025
 
Federal   $  
State      
Total cash paid for income taxes, net of refunds   $