v3.25.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

 

   Year-Ended December 31, 2024   Year-Ended December 31, 2023 
Federal statutory tax rate   -21%   -21%
State tax rate, net of federal benefit   -7%   -7%
Total federal and state tax rate   -28%   -28%
Valuation allowance   28%   28%
Effective tax rate   -%   -%
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Deferred tax assets and liabilities consist of the following:

 

   December 31, 2024   December 31, 2023 
         
Net deferred tax assets:          
Net operating loss carryforwards  $5,358,900   $4,718,000 
Stock-based compensation   3,525,900    3,506,000 
Goodwill   -    187,000 
Research credits   -    342,000 
Other Capitalized Costs   -    208,000 
Operating lease liability   -    - 
Gross deferred tax assets   8,884,800    8,961,000 
Less: valuation allowance   (7,710,300)   (6,944,000)
Total deferred tax assets   1,174,500    2,017,000 
Deferred tax liabilities:          
Derivative income   1,108,000    1,108,000 
Fixed Assets   66,500    909,000 
Operating lease right-of-use asset   -    - 
Total deferred tax liabilities   1,174,500    2,017,000 
           
Net deferred income tax assets (liabilities)  $-   $-