XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Pre-Tax Book Income/(Loss) | Pre-tax book income/(loss) has been recorded in the following jurisdictions:
|  | Tax Years Ended |
|  | 12/31/24 |  |  | 12/31/23 |  |  | 4/30/23 |
US |  | $ | (6,861,229 | ) |  | $ | (758,438 | ) |  | $ | (5,450,265 | )
Foreign |  |  | (844,997 | ) |  |  | 13,945 |  |  |  | 12,657 |
From continuing operations |  |  | (7,706,226 | ) |  |  | (744,493 | ) |  |  | (5,437,607 | )
From discontinued operations (US) |  |  | (18,339,635 | ) |  |  | (302,480 | ) |  |  | (14,776 | )
Total pre-tax income/(loss) |  | $ | (26,045,861 | ) |  | $ | (1,046,973 | ) |  | $ | (5,452,383 | )
Schedule of Components of the Provision (Benefit) for Income Taxes | The Company recorded no income tax expense for the period April 30, 2023.
|  | Tax Years Ended |
|  | 12/31/24 |  |  | 12/31/23 |  |  | 4/30/23 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | (29,699 | ) |  | $ | 166,478 |  |  | $ | - |
State |  |  | (24,561 | ) |  |  | 37,808 |  |  |  | - |
Foreign |  |  | - |  |  |  | - |  |  |  | - |
|  |  | (54,260 | ) |  |  | 204,286 |  |  |  | - |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |  |  |  | - |
State |  |  | - |  |  |  | - |  |  |  | - |
Foreign |  |  | - |  |  |  | - |  |  |  | - |
|  |  | - |  |  |  |  |  |  |  |  |
Income tax expense (benefit) for continuing operations |  |  | (54,260 | ) |  |  | 204,286 |  |  |  | - |
Income tax expense (benefit) for discontinued operations |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | (54,260 | ) |  | $ | 204,286 |  |  | $ | - |
Schedule of Reconciliation of the Income Tax Provision (Benefit) | The following table presents a reconciliation of the income tax provision (benefit) computed at the statutory federal rate and the Company’s income tax provision (benefit) for the periods presented:
|  | Tax Years Ended |
|  | 12/31/24 |  |  | 12/31/23 |  |  | 4/30/23 |
U.S. federal taxes at statutory rate |  | $ | (1,440,858 | ) |  | $ | (159,346 | ) |  | $ | (1,144,556 | )
State tax |  |  | (24,561 | ) |  |  | 37,808 |  |  |  | - |
Foreign Taxes |  |  | - |  |  |  | - |  |  |  | - |
Regulation-A Costs |  |  | 12,985 |  |  |  | 24,556 |  |  |  | 368,830 |
Stock Registration Expenses |  |  | 257,066 |  |  |  | 946,768 |  |  |  | - |
Goodwill Impairment |  |  |  |  |  |  |  |  |  |  |  |
Non-Controlling Interest |  |  |  |  |  |  |  |  |  |  |  |
Other Permanent Differences |  |  | 5,280 |  |  |  | 1,979 |  |  |  | 14,457 |
Other |  |  | (29,699 | ) |  |  | - |  |  |  | - |
Change in valuation allowance |  |  | 1,165,527 |  |  |  | (647,479 | ) |  |  | 761,269 |
Total |  | $ | (54,260 | ) |  | $ | 204,286 |  |  | $ | - |
Schedule of Deferred Tax Asset and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
|  | Tax Years Ended |
|  | 12/31/24 |  |  | 12/31/23 |  |  | 4/30/23 |
Deferred tax assets: |  |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 5,309,474 |  |  | $ | 2,559,749 |  |  | $ | 3,238,595 |
Charitable Contributions |  |  | - |  |  |  | - |  |  |  | 1,483 |
Section 174 Capitalization |  |  | 430,891 |  |  |  | 418,028 |  |  |  | 406,010 |
Property and equipment |  |  | - |  |  |  | - |  |  |  | - |
Gross deferred tax assets |  |  | 5,740,365 |  |  |  | 2,977,777 |  |  |  | 3,646,088 |
Valuation allowance |  |  | (4,951,573 | ) |  |  | (2,523,225 | ) |  |  | (1,592,835 | )
Net deferred tax assets |  | $ | 788,792 |  |  | $ | 454,552 |  |  | $ | 2,053,252 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment |  |  | (1,468 | ) |  |  | (6,285 | ) |  |  | (946 | )
Intangibles |  |  | (787,324 | ) |  |  | (448,267 | ) |  |  | (2,052,306 | )
Gross deferred tax liabilities |  |  | (788,792 | ) |  |  | (454,552 | ) |  |  | (2,053,252 | )
Net deferred tax liabilities |  |  | (788,792 | ) |  |  | (454,552 | ) |  |  | 0 |
Net deferred taxes |  | $ | - |  |  | $ | - |  |  | $ | - |
Schedule of Economic Co-operation and Development | The Company will continue to monitor and reflect the impact of such legislative changes in future financial statements as appropriate.
|  | 12/31/24 |  |  | 12/31/23 |
A. Valuation Allowance Increase |  | $ | 2,428,348 |  |  | $ | - |
B. Federal NOL Carryforward |  |  | 22,085,100 |  |  |  | 12,061,045 |
C. City of Dublin, OH NOL Carryforward |  |  | 14,232,690 |  |  |  | 8,883,628 |
D. State of Ohio NOL Carryforward |  |  | 18,753,731 |  |  |  | 11,749,252 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration