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DEFERRED TAX ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Deferred Tax Assets And Liabilities  
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

 

   Balance as of
December 31,
2024		   Effect from acquisition of subsidiary   Recognized in
Provision for
Income Taxes		   Balance as of
December 31,
2025		 
Non-current assets:                    
Intangible Assets  $—  $—   $—   $— 
Property, plant, and equipment   (112)   (1,292,894)   134,776    (1,158,230)
Other   —    —    (7,248)   (7,248)
    (112)   (1,292,894)   127,528    (1,165,478)
                     
Current assets:                    
Receivables   —    —    —    — 
Prepaid expenses   1,444    220,787    (223,587)   (1,356)
Other (Section 24C allowance)   —    —    —   — 
    1,444    220,787    (223,587)   (1,356)
                     
Current liabilities:                    
Income in Advance   —    109,489    (109,775)   (286)
Accrued expenses and provisions   —    7,553    (4,925)   2,628 
Tax Losses   —   679,935    (422,943)   256,992 
Net deferred tax assets and (liabilities)  $1,332   $(275,130)  $(633,702)  $(907,500)

 

   Balance as of
December 31,
2023		   Recognized in
equity		   Recognized in
Provision for
Income Taxes		   Balance as of
December 31,
2024		 
Non-current assets:                    
Intangible Assets  $(3,303,471)  $-   $3,303,471   $-
Property, plant, and equipment   595,911   (795,115)   199,092   (112)
Other   6,933   —    (6,933)   - 
    (2,700,627)   (795,115)   3,495,630    (112)
                     
Current assets:                    
Receivables   —    —    —    — 
Prepaid expenses   333,551    —    (332,107)   1,444 
Other (Section 24C allowance)   986,367    —    (986,367)   — 
    1,319,918    —    (1,318,474)   1,444 
                     
Current liabilities:                    
Depreciation   —    —    —    — 
Income in Advance   408,206    33,663   (441,869)   - 
Tax Losses   (1,307,820)   761,452   546,368   -
Net deferred tax assets and (liabilities)  $(2,280,323)  $-   $2,281,655   $1,332
SCHEDULE OF UNUSED TAX LOSSES FOR WHICH NO DEFERRED TAX ASSETS HAVE BEEN RECOGNIZED

Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2025 and 2024 are as follows:

 

   2025   2024 
   As of December 31, 
   2025   2024 
         
Unused tax losses for which no deferred tax assets has been recognized  $(67,677,210)  $(56,417,466)
Potential tax benefit of such unused tax losses at applicable statutory tax rates  $(14,204,743)  $(11,501,499)