v3.26.1
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

Note 11 Income Taxes

 

Income tax recovery differs from that which would be expected from applying the effective tax rates to the net loss as follows:

 

             
    December 31,     December 31,  
    2025     2024  
Net loss for the year   $ (2,980,623 )   $ (2,800,549 )
Statutory and effective tax rates     21.0 %     21.0 %
Income taxes expenses (recovery) at the effective rate   $ (625,931 )   $ (588,115 )
Effect of change in tax rates     —       —  
Permanent differences     —       —  
Valuation allowance     625,931       588,115  
Income tax expense and income tax liability   $ —     $ —  

 

As at December 31, 2025 and 2024 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.

 

             
    December 31,     December 31,  
    2025     2024  
Cumulative net losses carried forward   $ 34,638,750     $ 31,658,127  
                 
Deferred tax assets   $ 7,274,138     $ 6,648,207  
Valuation allowance     (7,274,138 )     (6,648,207 )
Deferred taxes recognized   $ —     $ —  

 

The Company has cumulative net losses of $34,638,750 since inception and has not previously filed U.S. corporate income tax returns. Based on the available evidence, including the Company’s history of losses, management has concluded that it is more likely than not that deferred tax assets will not be realized. Accordingly, a full valuation allowance has been recorded.