Income Tax

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Tax

Note 15 – Income Tax

For the quarter ended March 31, 2025 and fiscal year ending December 31, 2024, there was no provision for income taxes and deferred tax assets have been entirely offset by valuation allowances.

As of March 31, 2025 and December 31, 2024, the Company had net operating loss carry forwards of approximately $3,825,000 and $3,096,000, respectively. The carry forwards expire through the year 2044. The Company’s net operating loss carry forwards may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code.

The tax computations are as follows:

	March 31, 2025			December 31, 2024
Net losses (gains) before taxes	$	(728,927	)	$	18,005
Adjustments to arrive at taxable income/loss
Permanent differences:		—			—
Temporary differences:		—			—
Taxable income (loss)		(728,927	)		18,005
Current Year Taxable (loss) income		(728,927	)		18,005
NOL carried forward prior year (tax return)		(3,231,995	)		(3,250,000	)
NOL carried forward at period end	$	(3,960,992	)	$	(3,231,995	)
Deferred Tax Asset - Federal Rate (21%)		(831,808	)		(678,719	)
Deferred Tax Asset - State Rate		—			—
Total Deferred Tax Asset		(831,808	)		(678,719	)
Valuation Allowance		831,808			678,719
Deferred tax per books	$	—		$	—