INCOME TAXES |
9 Months Ended |
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Sep. 30, 2024 | |
| INCOME TAXES [Abstract] | |
| INCOME TAXES |
NOTE 8 - INCOME TAXES
The estimated annual effective tax rate applied to the nine month period ended September 30, 2024 is 0%, which differs from the US federal statutory rate of 21% principally due to the projection of U.S. net operating loss for fiscal 2024 with full application of a valuation allowance. As of September 30, 2024, TMTG had US Federal net
operating loss carryforwards (“NOLs”) with a tax benefit of approximately $9,400.0 from December 31, 2023.
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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