v3.25.4
Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Taxes  
Schedule of Income tax provisions breakdown

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​

​

​

​

​

​

​

​

  ​ ​ ​

2024

  ​ ​ ​

2023

Federal

 

​

  ​

 

​

  ​

Current

​

$

—

​

$

—

Deferred

​

 

—

​

 

—

State and local

​

 

  ​

​

 

  ​

Current

​

 

(303,321)

​

 

473,000

Deferred

​

 

—

​

 

—

Income tax provision

​

$

(303,321)

​

$

473,000

Schedule of expected tax expense (benefit)

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​

​

​

​

​

​

​

  ​ ​ ​

For the

  ​ ​ ​

For the

 

​

​

Year Ended

​

Year Ended

 

​

​

December 31,

​

December 31,

 

​

​

2024

​

2023

 

U.S. federal statutory rate

 

21.0

%  

21.0

%

State taxes

 

1.9

%  

9.8

%

Deferred tax asset adjustments

 

(11.5)

%  

4.3

%

Non-deductible amortization of debt discount

 

(0.4)

%  

—

%

Other non-deductible items

 

(0.1)

%  

1.9

%

Non-taxable change in profit share liability

 

(8.6)

%  

41.7

%

Change in valuation allowance

 

(0.3)

%  

(70.3)

%

Income tax provision

 

2.6

%  

8.4

%

Schedule of deferred tax assets and liabilities

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  ​ ​ ​

2024

  ​ ​ ​

2023

Deferred tax assets:

 

​

  ​

 

​

  ​

Net operating loss carryforwards

​

$

3,595,000

​

$

2,751,000

Stock based compensation

​

 

799,000

​

 

1,517,000

Other

​

 

152,000

​

 

186,000

Total deferred tax assets

​

 

4,546,000

​

 

4,454,000

Deferred tax liability:

​

 

  ​

​

 

  ​

IRC Section 481(a) adjustment

​

 

(125,000)

​

 

—

​

​

​

​

​

​

​

Valuation Allowance

​

 

(4,421,000)

​

 

(4,454,000)

​

​

​

​

​

​

​

Net deferred tax asset

​

$

—

​

$

—