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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate | The effective income tax rate for the years ended December 31, 2024 and 2023 consisted of the following:
|  | December 31, |  |
|  | 2024 |  |  |  | 2023 |  |
Federal statutory income tax rate |  |  |  | 21.00 |  | % |  |  |  | 21.00 |  | %
State income taxes |  |  |  | 0.00 |  | % |  |  |  | 0.00 |  | %
Permanent differences |  |  | (0.16 |  | )% |  |  | (0.21 |  | )%
Change in effective state income tax rate |  |  |  | 0.00 |  | % |  |  |  | 0.00 |  | %
True up prior year tax return |  |  |  | 0.05 |  | % |  |  | 0.06 |  | %
Change in valuation allowance |  |  | (0.11 |  | )% |  |  | (20.85 |  | )%
Net effective income tax rate |  |  |  | 20.78 |  | % |  |  |  | 0.00 |  | %
Schedule of Deferred Tax Assets and Liabilities | The components of the deferred tax assets and liabilities as of December 31, 2024 and 2023 are as follows:
|  | December 31, |
|  | 2024 |  |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |  |
Federal and state net operating loss carryovers |  | $ |  | 8,835,743 |  |  |  | $ |  | 9,391,254 |
Stock compensation |  |  |  | 3,587,594 |  |  |  |  |  | 2,578,060 |
Stock-based debt discounts |  |  |  | 669,499 |  |  |  |  |  | 440,963 |
Goodwill and intangibles |  |  |  | 1,012,214 |  |  |  |  |  | 1,106,693 |
Reorganization costs |  |  |  | 28,135 |  |  |  |  |  | 28,135 |
Allowances |  |  |  | 237,044 |  |  |  |  | 132 |
Total deferred tax assets |  | $ |  | 14,370,229 |  |  |  | $ |  | 13,545,237 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |
Property and equipment |  |  |  | (672,148 | ) |  |  |  |  | (561,128 | )
Total deferred liabilities |  |  |  | (672,148 | ) |  |  |  |  | (561,128 | )
Net deferred tax assets (liabilities) |  |  |  | 13,698,081 |  |  |  |  |  | 12,984,109 |
Less: valuation allowance |  |  |  | (13,698,081 | ) |  |  |  |  | (12,984,109 | )
Deferred tax assets (liabilities) |  | $ |  | - |  |  |  | $ |  | - |

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