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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes  
Schedule of statutory rates of income tax benefit

 

 

For the

Year Ended

December 31,

2024

 

 

For the

Year Ended

December 31,

2023

 

Net income (loss) before taxes

 

$1,779,983

 

 

$793,677

 

Statutory tax rate

 

 

21%

 

 

21%

Expected income tax due (recovery)

 

 

373,796

 

 

 

166,672

 

Permanent differences and other

 

 

-

 

 

 

-

 

Change in valuation allowance

 

 

(373,796 )

 

 

(166,672 )

 

 

 

 

 

 

 

 

 

Income tax provision

 

$-

 

 

$-

 

Schedule of deferred income tax assets and liabilities

 

 

As of December 31,

 

Deferred Tax Assets (Liabilities):

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Net operating losses carried forward

 

$2,016,345

 

 

$2,390,141

 

Interest expense

 

 

-

 

 

 

2,428

 

Intangible amortization

 

 

-

 

 

 

(7,438 )

Total Deferred Tax Assets (Liabilities):

 

 

2,016,345

 

 

 

2,385,132

 

Less valuation allowance

 

 

(2,016,345 )

 

 

(2,385,132 )

 

 

 

 

 

 

 

 

 

Net deferred tax asset (liability)

 

$-

 

 

$-