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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX PROVISION (BENEFIT)

The income tax benefit for the years ended December 31, 2024 and 2023 consists of the following:

 

   2024   2023 
Federal          
Current  $-   $- 
Deferred   -    - 
State and Local   -    - 
Current   -    - 
Deferred   -    (1,280,385)
Total  $-   $(1,280,385)
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

A reconciliation of the Company’s statutory tax rate to the effective rate for the years ended December 31, 2024 and 2023 is as follows:

 

   2024   2023 
Federal statutory rate   21.00%   21.0%
State taxes, net of federal tax benefit   8.40    7.1 
Permanent differences   (2.74)   (3.1)
True-Up   (0.07)   (105.0)
Other   0.11   (2.9)
Rate Change   0.57   - 
Deferred vs statutory rate   

(0.75

)   - 
Expiration of NOLs   

(17.51

)   - 
Change in valuation allowance and deferred rate change, net   (9.01)   89.0 
Effective tax rate   -%   6.1%
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The components of the Company’s deferred tax asset as of December 31, 2024 and 2023 are as follows:

 

         
   December 31, 
   2024   2023 
Net operating loss carryforwards  $66,141,490   $67,310,000 
Section 174   6,482,099    4,929,000 
Other deferred tax assets, net   2,010,744    2,016,000 
Subtotal   74,634,333    74,255,000 
Valuation allowance   (74,634,333)   (72,974,615)
Total deferred tax asset  $-   $1,280,385