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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

INCOME TAXES

Schedule of income tax before income tax domestic and foreign

		December 31, 2024				December 31, 2023
Domestic		$	(6,700,828	)		$	(2,832,980	)
Foreign			(9,482,180	)			(15,709,674	)
		$	(16,183,018	)		$	(18,542,654	)

Schedule of provision for income tax

		December 31, 2024				December 31, 2023
Current tax provision
Federal		$	-			$	-
State			-				-
Foreign			-				-
Total current tax provision		$	-			$	-
Deferred tax provision
Domestic		$	-			$	-
State			-				-
Foreign			-				-
Total deferred tax provision		$	-			$	-
Total current provision		$	-			$	-

Schedule of reconciliation of income tax

		December 31, 2024				December 31, 2023
US
Loss before income taxes		$	(16,183,018	)		$	(18,542,654	)
Taxes under statutory US tax rates		$	(3,398,434	)		$	(3,893,957	)
Increase (decrease) in taxes resulting from:
Increase in valuation allowance		$	3,904,140			$	4,339,572
Foreign tax rate differential		$	111,774			$	245,518
Permanent differences		$	(99,080	)		$	(448,032	)
Prior period adjustments		$	4,020			$	(151,879	)
State taxes		$	(522,420	)		$	(91,222	)
Income tax expense		$	-			$	-

Schedule of significant components of deferred tax assets and liabilities

		December 31, 2024				December 31, 2023
Net operating loss carryforward		$	10,977,546			$	7,621,277
Capital loss carryforward			801,744				801,744
Section 163(j) carryforward			469,387				563,138
Foreign exchange			129,916				129,916
Allowance for doubtful accounts			4,991,818				4,404,277
Accrued expenses			333,260				261,466
Mark to market adjustment in securities			358,761				358,761
Lease liability			258,682				261,377
Capitalized research & development costs			(8,208	)			52,261
Depreciation			(35,734	)			(35,734	)
Total deferred tax assets			18,277,172				14,418,483
Intangibles			31,932				(15,845	)
Inventory			(170	)			4,853
Right of use asset			(256,075	)			(258,770	)
Goodwill			(10,980	)			(10,980	)
Total deferred tax liabilities			(235,293	)			(280,742	)
Valuation allowance			(18,041,879	)			(14,137,741	)
Net deferred tax assets		$	-			$	-

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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.

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-Topic 740
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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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