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Income Taxes | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Income Taxes | Note 14 – Income Taxes The components of the provision for income taxes were as follows:
Schedule of provision for income taxes |  |  |
Current: |  |  |
Federal |  | $ | – |
State |  |  | 50 |
Foreign |  |  | (90,434 | )
Current total |  |  | (90,384 | )
Deferred: |  |  |  |
Federal |  |  | – |
State |  |  | – |
Foreign |  |  | (144,474 | )
Deferred total |  |  | (144,474 | )
Total |  | $ | (234,858 | )
The Company’s effective tax rate differs from the federal statutory rate as follows:
Schedule of income tax expense |  |  |  |  |  |
Pre-Tax Book Income |  | $ | (1,121,714 | ) |  | $ | 21.00% |
State Taxes |  |  | 40 |  |  |  | 0.00% |
Other Foreign Taxes |  |  | (119,181 | ) |  |  | 2.23% |
Permanent Adjustments |  |  | 56,092 |  |  |  | -1.05% |
Change in Valuation Allowance |  |  | 569,920 |  |  |  | -10.67% |
Foreign Tax Rate Differential |  |  | 62,181 |  |  |  | -1.16% |
Rate Change |  |  | 149,237 |  |  |  | -2.79% |
Provision to Return Adjustments |  |  | 156,540 |  |  |  | -2.93% |
Other |  |  | 12,027 |  |  |  | -0.23% |
Total |  | $ | (234,858 | ) |  | $ | 4.40% |
The components of the net deferred tax assets and liabilities for the years ended December 31, were as follows:
Schedule of components of net deferred tax assets |  |  |  |  |  |  |
Deferred Tax Assets: |  | 2024 |  |  | 2023 |
Net Operating Loss, Credits and Carryforwards |  | $ | 6,460,638 |  |  | $ | 5,277,829 |
Fixed Assets |  |  | – |  |  |  | – |
Intangibles |  |  | 614,734 |  |  |  | 641,800 |
Research and Development |  |  | 25,327 |  |  |  | 25,327 |
Other DTA |  |  | 95,935 |  |  |  | 454,890 |
Lease Liability |  |  | 252,407 |  |  |  | 174,292 |
Valuation Allowance |  |  | (6,967,294 | ) |  |  | (6,397,374 | )
Deferred Tax Assets |  |  | 481,747 |  |  |  | 176,764 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Other DTL |  |  | (67 | ) |  |  | – |
Fixed Assets |  |  | (141,396 | ) |  |  | (54,097 | )
Intangibles |  |  | – |  |  |  | – |
Right-of-Use Asset |  |  | (248,050 | ) |  |  | (171,396 | )
Deferred Tax Liabilities |  |  | (389,513 | ) |  |  | (225,493 | )
Net Deferred Tax Liability |  | $ | 92,234 |  |  | $ | (48,729 | )

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