| Schedule of Income Tax Effective Tax Rate |
Schedule
of Income Tax Effective Tax Rate
| | |
Year
Ended December
31, 2025 | | |
Year
Ended December
31, 2024 | |
| | |
| | |
| |
| U.S.
federal statutory tax rate | |
$ | (21.0 | )% | |
$ | (21.0 | )% |
| State
income taxes, net of federal tax benefit | |
| (5.1 | )% | |
| (6.4 | )% |
| Change
in valuation allowance | |
| 26.1 | % | |
| 27.4 | % |
| Effective
tax rate | |
$ | 0.0 | % | |
$ | 0.0 | % |
|
| Schedule of Deferred Tax Assets and Liabilities |
Schedule
of Deferred Tax Assets and Liabilities
| | |
Year
Ended December
31, 2025 | | |
Year
Ended December
31, 2024 | |
| Deferred
tax assets | |
| | | |
| | |
| Net
operating loss carry forwards | |
$ | 8,375,000 | | |
$ | 7,763,000 | |
| Share-based
compensation | |
| 6,604,000 | | |
| 4,941,000 | |
| Limitation
on the deduction of interest | |
| 1,953,000 | | |
| 2,695,000 | |
| Operating
lease liability | |
| 297,000 | | |
| 397,000 | |
| Property
and equipment | |
| 62,000 | | |
| 74,000 | |
| Gross
deferred taxes | |
| 17,291,000 | | |
| 15,870,000 | |
| Less:
valuation allowance | |
| (17,291,000 | ) | |
| (15,870,000 | ) |
| Total
deferred tax assets | |
$ | - | | |
$ | - | |
| | |
| | | |
| | |
| Deferred
tax liabilities | |
| | | |
| | |
| Intangible
assets and goodwill | |
| (323,000 | ) | |
| (738,000 | ) |
| Operating
lease right-of-use asset | |
| (285,000 | ) | |
| (385,000 | ) |
| Total
deferred tax liabilities | |
| (608,000 | ) | |
| (1,123,000 | ) |
| Net
deferred tax liability | |
$ | (608,000 | ) | |
$ | (1,123,000 | ) |
|