Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

For the years ended December 31, 2024 and 2023, the benefit (provision) for income taxes consisted of the following:

	2024		2023
Current:
United States	$	(14,948)	$	(15,092)
Foreign	43,540		—
	28,592		(15,092)
Deferred:
United States	(19,547,583)		(13,593,974)
Foreign	(2,590,119)		(1,218,393)
Valuation allowance for unrealizable net deferred tax assets	22,244,011		15,163,490
	106,309		351,123
Benefit (Provision) for income taxes	$	134,901	$	336,031

Schedule of Deferred Tax Assets and Liabilities

At December 31, 2024 and 2023, deferred income tax assets and liabilities consisted of the following:

	2024		2023
Net operating losses carried forward	$	26,153,662	$	18,480,361
Other deferred tax assets	294,263		371,565
Deferred income tax assets	$	26,447,925	18,851,926
Property, plant and equipment	(5,663,837)		(5,254,669)
Deferred income tax liabilities	(5,663,837)		(5,254,669)
Valuation allowance for unrealizable net deferred tax assets	(22,244,011)		(15,163,490)
Net deferred income taxes	(1,459,923)		(1,566,233)

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate differs from the federal statutory income tax rate for 2024 and 2023 as follows:

	2024		2023
Tax (benefit) at the statutory rate	21.00	%	21.00	%
State rate (net of federal benefit)	3.23	%	2.50	%
Change in valuation allowance for net deferred taxes	(27.81)	%	(26.70)	%
Foreign tax rate difference	1.39	%	2.00	%
All other	1.77	%	—	%
Effective rate	(0.42)	%	(1.20)	%