INCOME AND OTHER TAXES (Tables)

12 Months Ended

Dec. 31, 2024

INCOME AND OTHER TAXES

Schedule of Income before Income Tax, Domestic and Foreign

	2024			2023
Domestic	$	(1,009,939	)	$	(397,156	)
Foreign		(720,465	)		(5,951,131	)
Loss before income taxes	$	(1,730,404	)	$	(6,348,287	)

Schedule of U.S. federal income tax rate to pre-tax income (loss)

	2024			2023
U.S. federal statutory tax provision (benefit)	$	(363,000	)	$	(1,333,000	)
State income tax provision (benefit) net		(30,000	)		(88,000	)
Foreign taxes		(63,000	)		(536,000	)
VAT refund reserve and other non-deductible items		257,000			1,008,000
Adjustment for prior year tax estimate to actual-domestic		155,000			(7,000	)
Adjustment for prior year tax estimate to actual-foreign		63,000			136,000
Share-based compensation		21,000			-
Impact on change in foreign exchange rate		532,000			(275,000	)
Change in valuation allowance - Domestic		57,000			170,000
Change in valuation allowance - Foreign		(629,000	)		925,000
Total income tax expense	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities

	2024			2023
Deferred tax asset:
Domestic net operating loss carry forward	$	692,000		$	646,000
Foreign net operating loss carry forward		2,255,000			2,883,000
Share-based compensation		67,000			-
Other		93,000			69,000
Deferred tax asset	$	3,107,000		$	3,598,000
Valuation allowance (domestic)		(285,000	)		(228,000	)
Valuation allowance (foreign)		(2,255,000	)		(2,883,000	)
Total deferred tax asset	$	567,000		$	487,000
Deferred tax liability:
Property, plant, and equipment		(567,000	)		(487,000	)
Total deferred tax liability		(567,000	)		(487,000	)
Net deferred tax asset after valuation allowance	$	-		$	-