Income tax (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of loss before income tax |
The
Company operates solely within the United States and is subject to U.S. federal income tax, and franchise tax in Delaware and Texas.
Schedule
of loss before income tax
| |
|
2025 |
|
|
2024 |
|
| Components of loss before income tax consists of the following: |
|
|
|
|
|
|
|
|
| Domestic |
|
$ |
(574,119 |
) |
|
$ |
(824,176 |
) |
| Foreign |
|
|
- |
|
|
|
- |
|
| Loss before income
tax |
|
$ |
(574,119 |
) |
|
$ |
(824,176 |
) |
|
| Schedule of components of income tax expense (benefit) |
Income
tax benefit for the years ended December 31, 2025 and 2024 consists of the following:
Schedule of components of income tax expense (benefit)
| |
|
2025 |
|
|
2024 |
|
| Current taxes from continuing operations: |
|
|
|
|
|
|
|
|
| Federal |
|
$ |
- |
|
|
$ |
- |
|
| State |
|
|
4,442 |
|
|
|
15,329 |
|
| Total current expense |
|
|
4,442 |
|
|
|
15,329 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax asset: |
|
|
|
|
|
|
|
|
| Federal |
|
|
138,400 |
|
|
|
98,300 |
|
| State of California |
|
|
- |
|
|
|
(156,600 |
) |
| Change in valuation |
|
|
(138,400 |
) |
|
|
58,300 |
|
| Total provision (benefit) |
|
$ |
4,442 |
|
|
$ |
15,329 |
|
|
| Schedule of Income Tax Paid and Rate Reconciliation Disclosure |
During
the fiscal year ended December 31, 2025, the Company adopted ASU 2023-09 to enhance the disclosures regarding income taxes paid and the
rate reconciliation disclosure. The income taxes paid by the Company are as follows for the years ended December 31, 2025 and 2024:
Schedule
of Income Tax Paid and Rate Reconciliation Disclosure
| |
|
2025 |
|
|
2024 |
|
| Federal |
|
$ |
- |
|
|
$ |
- |
|
| State Franchise |
|
|
|
|
|
|
|
|
| Texas |
|
|
4,442 |
|
|
|
10,079 |
|
| Delaware |
|
|
- |
|
|
|
5,250 |
|
| Total income tax |
|
$ |
4,442 |
|
|
$ |
15,329 |
|
|
| Schedule of income tax rate reconciliation |
Schedule of income tax rate reconciliation
| |
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
$ |
|
|
% |
|
|
$ |
|
|
% |
|
| U.S. Federal Statutory Tax |
|
|
(119,632 |
) |
|
|
21.0 |
% |
|
|
(173,077 |
) |
|
|
21.0 |
% |
| Current State and Local Income Taxes, |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net of Federal Income Tax Effect |
|
|
4,442 |
|
|
|
(1.1 |
)% |
|
|
15,329 |
|
|
|
(1.9 |
)% |
| Other Adjustments |
|
|
(18,768 |
) |
|
|
3.2 |
% |
|
|
231,377 |
|
|
|
(28.1 |
)% |
| Change in Valuation |
|
|
138,400 |
|
|
|
(24.2 |
)% |
|
|
(58,300 |
) |
|
|
7.1 |
% |
| Effective Tax Rate |
|
$ |
4,442 |
|
|
|
(1.1 |
)% |
|
$ |
15,329 |
|
|
|
(1.9 |
)% |
|
| Schedule of deferred tax assets |
The
significant components of deferred income tax assets as of December 31, 2025 and 2024 after applying enacted corporate income tax rates
are as follows:
Schedule of deferred tax assets
| |
|
2025 |
|
|
2024 |
|
| Net operating losses carried forward |
|
$ |
2,115,000 |
|
|
$ |
1,957,000 |
|
| Capital losses carried forward |
|
|
9,000 |
|
|
|
- |
|
| Deferred - other |
|
|
26,000 |
|
|
|
54,000 |
|
| Valuation allowance |
|
|
(2,150,000 |
) |
|
|
(2,011,000 |
) |
| Deferred tax assets |
|
$ |
- |
|
|
$ |
- |
|
|