| Schedule of effective tax rate reconciliation |
In Thousands of US Dollars | Description | | 2025 | | | 2024 | | | 2023 | | Net loss for the year, before income taxes | | $ | (4,275 | ) | | $ | (4,492 | ) | | $ | (8,844 | ) | Net loss attributable to the Bahamas | | | (3,891 | ) | | | (4,065 | ) | | | (7,379 | ) | Net loss attributable the United States | | | (384 | ) | | | (427 | ) | | | (566 | ) | Domestic tax rate applicable to the Corporation | | | 21 | % | | | 21 | % | | | 21 | % | Income taxes at domestic tax statutory rate | | | (81 | ) | | | (90 | ) | | | (119 | ) | Change in valuation allowance | | | 81 | | | | 90 | | | | 119 | | Deferred tax provision (recovery) | | $ | - | | | $ | - | | | $ | - | |
|
| Schedule of deferred tax assets |
In Thousands of US Dollars | Description | | 2025 | | | 2024 | | | 2023 | | Tax loss carry forward | | $ | 2,795 | | | $ | 2,411 | | | $ | 1,984 | | Patents capitalized and amortized for tax purposes | | | - | | | | - | | | | - | | Unrecognized deferred tax assets | | $ | 2,795 | | | $ | 2,411 | | | $ | 1,984 | |
|