v3.26.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

 

  

Year-Ended

December 31, 2025

  

Year-Ended

December 31, 2024

 
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, 2025   December 31, 2024 
         
Net deferred tax assets:          
Net operating loss carryforwards  $6,125,600   $5,358,900 
Stock-based compensation   668,700    3,525,900 
Asset retirement obligation   21,819,700    - 
Capital loss carryforward   1,926,900    - 
Gross deferred tax assets   30,540,900    8,884,800 
Less: valuation allowance   (9,125,300)   (7,710,300)
Total deferred tax assets   21,415,600    1,174,500 
Deferred tax liabilities:          
Derivative income   -    1,108,000 
Fixed assets   16,600    66,500 
Asset retirement obligation   21,399,000    - 
Total deferred tax liabilities   21,415,600    1,174,500 
           
Net deferred income tax assets (liabilities)  $-   $-