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v3.26.1

Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Taxes [Abstract] |
Schedule of Income Tax Provision | The income tax provision consists of the following for the years ended December 31, 2025 and 2024:
|  | 2025 |  | 2024
Federal |  |  |  |  |  |
Current |  | $ | — |  | $ | —
Deferred |  |  | — |  |  | —
State and local |  |  |  |  |  |
Current |  |  | — |  |  | —
Deferred |  |  | — |  |  | —
Income tax provision/(benefit) |  | $ | — |  | $ | —
Schedule of Reconciliation of the Statutory Tax Rate | Differences between the U.S. statutory federal tax rate and the Company’s 2025 effective income tax rate presented prospectively in accordance with ASU 2023-09 are analyzed below:
|  | 2025
|  | Amount |  | %
Statutory federal income tax |  | $ | (8,597,455 | ) |  | 21.00 | %
State and local taxes, net of federal tax benefit |  |  | (250,603 | ) |  | 0.61 | %
Warrants and issuance of common stock |  |  | 5,932,653 |  |  | (14.49 | )%
Adjustment to deferred tax assets |  |  | (52,186 | ) |  | 0.13 | %
Other |  |  | 160 |  |  | 0 | %
Change in valuation allowance |  |  | 2,967,432 |  |  | (7.25 | )%
Income tax expense |  | $ | — |  |  | 0 | %
Differences between the U.S. statutory federal tax rate and the Company’s effective income tax rate for periods prior to the adoption of ASU 2023-09 are analyzed below:
|  | 2024
Statutory federal income tax rate |  | 21.00 | %
State and local taxes, net of federal tax benefit |  | 1.04 |
Warrants and issuance of common stock |  | (12.15 | )
Adjustment to deferred tax assets |  | (6.32 | )
Other |  | (0.87 | )
Change in valuation allowance |  | (2.71 | )
Income tax expense |  | 0 | %
Schedule of Deferred Tax Assets | The Company’s deferred tax assets are as follows at December 31, 2025 and 2024:
|  | 2025 |  | 2024
Deferred tax asset: |  |  |  |  |  |
Net operating loss carryforward |  | $ | 4,428,341 |  | $ | 1,534,755
Capitalized research and development |  |  | 808,845 |  |  | 1,081,840
Equity-based compensation |  |  | 1,174,237 |  |  | 496,493
Accrued legal fees |  |  | — |  |  | 453,986
Organizational and start-up costs |  |  | 377,374 |  |  | 379,620
Accrued expenses |  |  | 2,447 |  |  | 33,956
Accrued compensation |  |  | 248,187 |  |  | 75,639
Intangible assets |  |  | 42,217 |  |  | 26,557
Total deferred tax asset before valuation allowance |  |  | 7,081,648 |  |  | 4,082,846
|  | 2025 |  | 2024
Less: Valuation allowance |  |  | (6,905,353 | ) |  |  | (3,923,277 | )
Total deferred tax asset after valuation allowance |  |  | 176,295 |  |  |  | 159,569 |
Deferred tax liability: |  |  |  |  |  |  |  |
Fixed assets |  |  | (176,295 | ) |  |  | (159,569 | )
Net deferred tax asset |  | $ | — |  |  | $ | — |
Schedule of Uncertain Tax Positions | The following table indicates the changes to the Company’s uncertain tax positions for the years ended December 31, 2025 and 2024:
|  | 2025 |  | 2024
Balance, beginning of the year |  | $ | 207,022 |  | $ | —
Additions based on tax positions related to prior years |  |  |  |  |  | —
Payments made on tax positions related to prior years |  |  |  |  |  | —
Additions based on tax positions related to current year |  |  | 158,223 |  |  | 207,022
Balance, end of year |  | $ | 365,244 |  | $ | 207,022

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- 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
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