Annual report [Section 13 and 15(d), not S-K Item 405]

Income Taxes (Tables)

v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Net Deferred Taxes

The significant items comprising the Company’s net deferred taxes as of December 31, 2025 and 2024 are as follows:

 

    As of December 31,  
    2025     2024  
Net operating loss   $ 9,493,537     $ 9,042,902  
Stock options and compensation     2,426,677       2,440,539  
Deferred revenue     274,366       318,610  
Other    

1,185,473

      576,224  
Valuation allowance     (13,380,053 )     (12,378,275 )
Total deferred tax asset     -       -  
                 
Basis difference fixed assets     -       -  
Total deferred tax liability     -       -  
                 
Net deferred tax asset (liability)   $ -     $ -  
Schedule of (Benefit from) Income Taxes

The components of the provision for (benefit from) income taxes consist of the following:

 

    As of December 31,  
    2025     2024  
Current tax:            
Federal   $ -     $ -  
State     -       -  
Total   $ -     $ -  
                 
Deferred tax:                
Federal   $ (928,450 )   $ (233,463 )
State     (73,328 )     (18,344 )
Less: change in valuation allowance     1,001,778       251,807  
      -       -  
Total   $ -     $ -  
Schedule of Provision for (Benefit from) Income Taxes Statutory Rate

The provision for (benefit from) income taxes varies from the amount computed by applying the statutory rate for reasons summarized below:

 

    As of December 31,
2025
    As of December 31,
2024
 
Net loss before tax per financial statements   $ (4,444,109 )           $ (1,136,225 )        
                                 
Statutory rate     (933,263 )     21.00 %     (238,607 )     21.00 %
State tax rate     (73,328 )     1.65 %     (18,748 )     1.65 %
Permanent items     4,813       (0.11 )%     5,548       0.49 %
Rate change     -       0.00 %     -       0.00 %
Change in valuation allowance     1,001,778       (22.54 )%     251,807       (22.16 )%
    $ -       0.00 %   $ -       0.00 %