Income Taxes (Tables)

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

For the three months ended March 31, 2025, the expected tax expense (benefit) based on the U. S. federal statutory rate is reconciled with the actual tax provision (benefit) as follows:

	For the Three Months Ended March 31,
	2025
Expected tax at statutory rates	$	725,000		21	%
Permanent Differences		-		0	%
State Income Tax, Net of Federal benefit		(854,000	)	(25	)%
Other		(868,000	)	(25	)%
Current Year Change in Valuation Allowance		997,000		29	%
Prior Year True-Ups		-		0	%
Income tax expense	$	-		0	%

Schedule of Deferred Tax Assets and Liabilities

As of March 31, 2025 and December 31, 2024, significant components of the Company’s deferred tax assets are as follows:

	As of
	March 31, 2025			December 31, 2024
Deferred Tax Assets (Liabilities):
Accrued payroll	$	141,000		$	141,000
ASC842-ROU Asset		-			-
ASC842-ROU (Liability)		822,000			822,000
Loss from derivatives		(42,000	)		(869,000	)
Waiver and commitment fee shares		-			-
Stock based compensation		(305,000	)		(304,000	)
Depreciation		3,000			3,000
Net operating loss		12,634,000			12,462,000
Net deferred tax assets (liabilities)		13,253,000			12,255,000
Valuation allowance		(13,253,000	)		(12,255,000	)
Net deferred tax assets (liabilities)	$	-		$	-