XML 39 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Income Before Income Tax, Domestic and Foreign Income (loss) before provision for income taxes consisted of the following:
 

Years Ended
December 31,

2024

 

2023

Domestic

 

$

(8,732,939

)

 

$

(742,017

)

Foreign

 

 

(3,698,242

)

 

 

(4,418,544

)

Total

 

$

(12,431,181

)

 

$

(5,160,561

)

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company’s deferred tax assets as of the balance sheet dates were as follows:

 

December 31,
2024

 

December 31,
2023

Deferred tax assets:

 

 

 

 

 

 

 

 

Net operating loss carryforwards

 

$

13,005,867

 

 

$

11,128,340

 

Property and equipment

 

 

17,955,431

 

 

 

2,414,550

 

Asset retirement obligation

 

 

704,613

 

 

 

664,855

 

Contingent consideration

 

 

5,980,895

 

 

 

6,065,049

 

Business Combination transaction expenses

 

 

1,753,919

 

 

 

 

Investment in partnership

 

 

5,381,564

 

 

 

 

Total deferred tax assets

 

$

44,782,289

 

 

$

20,272,794

 

Valuation allowance

 

 

(44,489,087

)

 

 

(20,272,794

)

Net deferred tax asset

 

$

293,202

 

 

$

 

   

 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

Accounts receivable

 

$

293,202

 

 

$

 

Other

 

 

 

 

 

 

Total deferred tax liabilities

 

 

293,202

 

 

 

 

Net deferred tax assets (liabilities)

 

$

 

 

$