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INCOME TAXES
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 11 - INCOME TAXES

 

United States

 

The Company is incorporated in United States and is subject to corporate income tax rate of 21%.

 

Loss before income taxes consists of:

 

   For the years ended 
   December 31, 
   2024   2023 
United States  $(2,282,812)   (2,511,013)
Total  $(2,282,812)  $(2,511,013)

 

The components of deferred taxes are as follows at December 31, 2024 and 2023:

 

    December 31, 2024     December 31, 2023  
Deferred tax assets, current portion                
Amortization of fair value of stock for services   $ -     $ -  
Total deferred tax assets, current portion     -       -  
Valuation allowance     -       -  
Deferred tax assets, current portion, net   $ -     $ -  
Deferred tax assets, non-current portion                
Fixed assets   $ -     $ -  
Net operating losses     1,846,934       1,367,543  
Total deferred tax assets, non-current portion     1,846,934       1,367,543  
Valuation allowance     (1,846,934 )     (1,367,543 )
Deferred tax assets, non-current portion, net   $ -     $ -  

 

The Company is subject to United States of America tax law. As of December 31, 2024, the operations in the United States of America incurred $8,794,922 of cumulative net operating losses that may be available to reduce future years’ taxable income indefinitely. The Company has provided full valuation allowance for the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.