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NOTE 8. INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule Of Components Of Income Tax Expense Benefit

 

 

2025

 

 

 

2024

 

Current taxes:

 

 

 

 

 

Federal

$

 

 

$

 

 

 

 

 

 

 

 

 

Total current taxes

 

 

 

 

 

Deferred tax provision (benefit)

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax provision (benefit)

$

 

 

$

 

Schedule Of Effective Income Tax Rate Reconciliation

 

 

2025

 

 

 

2024

 

U.S. Statutory tax rate

 

21.0

%

 

 

21.0

%

Change in valuation reserve on deferred tax assets

 

(21

)%

 

 

(21

)%

 

 

 

 

 

 

 

 

Income tax (provision) benefit

 

%

 

 

%

Schedule Of Income Before Income Tax Domestic And Foreign

 

 

Year Ended 

 December 31, 

 2025


 

Year Ended 

 December 31, 

 2024

 

 

 

Amount

 

Percentage

 

 

Amount

 

Percentage

 

Tax benefit at U.S. federal statutory rate (21%)

$

(1,993,222)

 

21.0%

 

$

(166,687)

 

21.0%

 

State income taxes, net of federal benefit

 

 

0.0%

 

 

 

0.0%

 

Change in valuation allowance

 

1,993,222

 

21.0%

 

 

166,687

 

21.0%

 

Effective income tax rate

$

 

0.0%

 

$

 

0.0%

 

Schedule Of Deferred Tax Assets And Liabilities

 

 

2025

 

 

 

2024

 

Deferred tax assets:

 

 

 

 

 

 

 

Net operating loss carryforwards

$

1,674,489

 

 

$

1,200,018

 

Stock-based compensation

 

1,648,922

 

 

 

130,172

 

Total deferred tax assets

 

3,323,412

 

 

 

1,330,190

 

Valuation allowance

 

(3,323,412

)

 

 

(1,330,190

)

 

 

 

 

 

 

 

 

Net deferred tax assets (liability)

$

 

 

$

 

Summary Of Operating Loss Carryforwards

Tax Year

 

NOL Amount

Expiration

Applicable Rules

2006

$

509,749

2026

Subject to 20-year expiration limit

2007

$

807,208

2027

Subject to 20-year expiration limit

2009

$

778,247

2029

Subject to 20-year expiration limit

2010

$

294,973

2030

Subject to 20-year expiration limit

2011

$

417,724

2031

Subject to 20-year expiration limit

2012

$

448,045

2032

Subject to 20-year expiration limit

2013

$

294,807

2033

Subject to 20-year expiration limit

2014

$

311,759

2034

Subject to 20-year expiration limit

2015

$

349,180

2035

Subject to 20-year expiration limit

2016

$

627,123

2036

Subject to 20-year expiration limit

2017

$

85,804

2037

Subject to 20-year expiration limit

2018

$

235,550

Indefinite

80% taxable income limit (TCJA §172)

2019

$

83,826

Indefinite

80% taxable income limit (TCJA §172)

2020

$

70,828

Indefinite

80% taxable income limit (TCJA §172)

2021

$

98,362

Indefinite

80% taxable income limit (TCJA §172)

2022

$

57,428

Indefinite

80% taxable income limit (TCJA §172)

2023

$

69,875

Indefinite

80% taxable income limit (TCJA §172)

2024

$

173,882

Indefinite

80% taxable income limit (TCJA §172)

2025

$

2,259,389

Indefinite

80% taxable income limit (TCJA §172)

Total

$

7,973,759

 

 

Schedule Of Cash Paid For Income Taxes

 

 

2025

 

 

2024

Cash paid for federal income taxes

$

 

$

Cash paid for state income taxes

 

 

 

 

 

 

 

 

 

Total cash paid for income taxes

$

 

$