FEDERAL INCOME TAX MATTERS (Tables)

12 Months Ended

Dec. 31, 2024

FEDERAL INCOME TAX MATTERS

Schedule of provision for income taxes

Years Ended December 31,	2024
Current (expense) benefit:
Federal	$	-
State		-
Total current (expense) benefit		-
Deferred (expense) benefit:
Federal		-
State		-
Total deferred (expense) benefit		-
Total benefit (expense):
Federal		-
State		-
Total benefit (expense)	$	-

Schedule of deferred tax assets (liabilities)

As of December 31,	2024
Deferred tax assets: Charitable Contributions	$	4,347
Net operating loss carryforwards		6,754,679
Total Deferred Tax Assets		6,759,026
Valuation allowance		(4,892,336	)
Deferred Tax Assets after Valuation Allowance Deferred tax liabilities:		1,866,690
Mark to Market Unrealized Gain/Loss		(1,866,690	)
Total net deferred tax assets (liabilities)	$	-

Schedule of provision for income taxes federal statutory rate

Years Ended December 31,	2024
Income tax expense (benefit) at federal statutory rate	$	(3,939,998	)
Change in tax status		(954,402	)
Effect of state income taxes		-
Non-deductible Permanent Items		1,935
2023 Return to Provision Adjustment		128
Change in valuation allowance		4,892,337
Total	$	-