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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Components of Loss Before Income Tax Benefit

The components of loss before income tax benefit are presented as follows:

 

   December 31, 
   2024   2023 
Domestic Operations  $(3,756,366)  $(2,126,041)
Foreign Operations   (649,898)   (588,914)
Loss from continuing operations before income tax benefit  $(4,406,264)  $(2,714,955)
Schedule of Benefit for Income Taxes

The Company’s benefit for income taxes is comprised of the following: 

 

   December 31, 
   2024   2023 
Current        
Federal  $
-
   $
-
 
State and local   11,888    (1,116)
Foreign   35,520    76,031 
Total Current   47,408    74,915 
Deferred          
Federal   
-
    
-
 
State and local   
-
    
-
 
Foreign   (184,997)   (102,862)
Change in Valuation Allowance   
-
    
-
 
Total Deferred   (184,997)   (102,862)
Total Benefit  $(137,589)  $(27,947)
Schedule of Effective Tax Rate Differences from the U.S. Federal Statutory Income Tax Rate

The Company’s effective tax rate differs from the U.S. federal statutory income tax rate of 21% for 2024 and 2023 as follows:

 

   2024   2023 
Income tax benefit at federal statutory rate   21.0%   21.0%
Permanent Differences   
-
%   
-
%
Transaction Costs   (8.2)%   
-
%
State and local taxes   1.1%   
-
%
Valuation allowance   (7.5)%   (17.2)%
Deferred tax adjustment   
-
%   (0.8)%
Share based compensation   (3.6)%   (2.6)%
Foreign Income Tax Rate Differential   0.3%   0.4%
Other   
-
%   0.2%
Effective tax rate   3.1%   1.0%
Schedule of Components of Deferred Tax Assets and Liabilities Significant components of the Company’s deferred tax assets and liabilities are as follows and relate to continuing operations:
   December 31, 
   2024   2023 
Deferred Tax Assets:        
U.S. federal and state net operating losses  $2,578,441   $2,939,449 
Foreign net operating losses   
-
    
-
 
Share-based compensation   342,510    480,773 
Amortization of intangible assets   290,536    429,651 
Rent   16,981    17,291 
Capitalized IRC §174 costs   2,638,434    1,972,960 
Tax credits   62,969    62,969 
Other   662,165    285,245 
Subtotal   6,592,036    6,188,338 
Less Valuation Allowance:   (6,568,063)   (6,099,163)
Total Deferred Tax Assets   23,973    89,175 
Deferred Tax Liabilities:          
Amortization of intangible assets   (430,455)   (615,452)
Property and equipment   (12,384)   (12,850)
Other   (10,179)   (74,914)
Total Deferred Tax Liabilities   (453,018)   (703,216)
Net Deferred Tax Liability  $(429,045)  $(614,041)