INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME BEFORE INCOME TAXES

Components of income before income taxes were as follows:

	2025			2024
United States	$	(260,413,611	)	$	315,844
Foreign		(1,570,665	)		248,218
Income (loss) before income tax expense	$	(261,984,276	)	$	564,062
Less: income before income tax expense – discontinued operations		(105,308	)		(409,588	)
Income before income tax expense – continuing operations	$	(262,089,584	)	$	154,474

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The tax effects of temporary differences that give rise to deferred tax assets or liabilities are presented below:

	2025			2024
Deferred tax assets:
Stock-based compensation	$	2,566,224		$	(8,387	)
Goodwill and intangibles		3,712,216			487,575
Leases		-			-
Reserves		764,137			117,600
Net operating loss carryforwards		16,549,866			8,118,656
Mark-to-market income/loss		47,083,883			-
Less: valuation allowance		(70,676,326	)		(8,715,444	)
Net deferred tax assets	$	-		$	-
Deferred tax liabilities:
Right of use assets	$	-			-
Property and equipment	$	-			-
Net deferred tax liabilities	$	-		$	-
Net deferred taxes	$	-		$	-

SCHEDULE OF INCOME TAX PROVISION

The income tax provision consists of the following:

	2025			2024
Current:
Federal	$	-		$	-
State		8,629			72,976
Foreign		20,155			(135,337	)
Total current		28,784			(62,361	)
Deferred:
Federal		50,504,070			(55,816	)
State		11,070,526			(26,287	)
Foreign		296,181			-
Less: change in valuation allowance		(61,870,777	)		-
Total deferred		-			(82,103	)
Total income tax provision (benefit)	$	28,784		$	(144,464	)
Less: income tax provision (benefit) – discontinued operations		8,629			(9,127	)
Total income tax provision (benefit) – continuing operations		20,155			(135,337	)

SCHEDULE OF RECONCILIATION OF STATUTORY FEDERAL INCOME TAX

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the year ended December 31, 2025 is as follows:

	2025			2025
Tax at federal statutory rate	$	(55,016,696	)		21.0	%
State and local income taxes		(16,436,727	)		6.3	%
Foreign tax effects		31,413			0.0	%
Tax credits		-			0.0	%
Provision to return true ups		(1,689,901	)		0.6	%
Rate change		5,570,071			-2.1	%
Nondeductible expenses		5,699,847			-2.2	%
Change in valuation allowance		61,870,777			-23.6	%
Total income tax provision		28,784			0.0	%
Less: adjustment for discontinued operations		(8,629	)		0.0	%
Income tax provision (benefit) from continuing operations	$	20,155			0.0	%

 

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the year ended December 31, 2024 is as follows:

	2024
Tax at federal statutory rate		21.0	%
State and local income taxes		12.9	%
Foreign tax effects		0.0	%
Tax credits		-24.0	%
Provision to return true ups		0.0	%
Rate change		0.0	%
Nondeductible expenses		-1.7	%
Change in valuation allowance		-33.8	%
Total income tax provision		-25.6	%
Less: adjustment for discontinued operations		-62.0	%
Income tax provision (benefit) from continuing operations		-87.6	%

SCHEDULE OF INCOME TAX PAID

Income Taxes Paid (Disaggregated) – 2025

	2025
U.S. federal	$	-
U.S. state		-
Foreign		-
Total income taxes paid	$	-