INCOME TAXES

6 Months Ended

Jun. 30, 2024

INCOME TAXES [Abstract]

INCOME TAXES

NOTE 7 - INCOME TAXES

The estimated annual effective tax rate applied to the six month period ended June 30, 2024 is 0%, which differs from the US federal statutory rate of 21% principally due to the projection of U.S. net operating loss for fiscal 2024 with full application of a valuation allowance. As of June 30, 2024, TMTG had US Federal net operating loss carryforwards (“NOLs”) with a tax benefit of approximately $9,400.0  from December 31, 2023.