XML 61 R34.htm IDEA: XBRL DOCUMENT v3.25.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION FOR INCOME TAXES EXPENSES

Income tax expense is comprised of the following:

 SCHEDULE OF PROVISION FOR INCOME TAXES EXPENSES

		2024				2023
		Year ended December 31,
		2024				2023
Current Tax
Federal		$	-			$	-
State			-				-
Foreign			18,677				(25,000	)
Total		$	18,677			$	(25,000	)
Deferred Tax
Federal		$	(815,484	)		$	(1,226,000	)
State			(11,269	)			(43,000	)
Foreign		$	(3,263	)			2,000
Total		$	(830,015	)		$	(1,267,000	)
Less: Valuation Allowance			830,015				1,267,000
Total Tax		$	18,677			$	(25,000	)

SCHEDULE OF RECONCILIATION OF STATUTORY U.S. FEDERAL RATE

SCHEDULE OF RECONCILIATION OF STATUTORY U.S. FEDERAL RATE

		2024				2023
		Year ended December 31,
		2024				2023
Federal income tax benefit at statutory rate			21.00	%			21.00	%
State income taxes, net of federal benefit			0.31	%			1.13	%
Foreign rate differential			0.04	%			-0.10	%
Permanent Items			-0.04	%			-0.63	%
Change in valuation allowance			-21.51	%			-33.54	%
Return to provision adjustments			0.40	%			12.20	%
Forfeited options			0.00	%			0.00	%
Other			0.30	%			-0.01	%
Effective tax rate			-0.51	%			0.06	%

SCHEDULE OF INCOME BEFORE TAXES ON DOMESTIC AND FOREIGN

 SCHEDULE OF INCOME BEFORE TAXES ON DOMESTIC AND FOREIGN

		2024				2023
		Year ended December 31,
		2024				2023
Domestic		$	3,775,000			$	3,785,000
Foreign			(89,000	)			(103,000	)
Loss before taxes		$	3,686,000			$	3,682,000

SCHEDULE OF DEFERRED TAX ASSETS

 SCHEDULE OF DEFERRED TAX ASSETS

		2024				2023
		Year ended December 31,
		2024				2023
Deferred tax assets:
Net operating loss carryforward		$	9,032,000			$	8,486,000
Capital loss carryforward			5,000				-
Arbitration accrual			414,000				414,000
Stock compensation and other			849,000				570,000
Deferred tax assets before valuation allowance			10,300,000				9,470,000
Valuation allowance			(10,300,000	)			(9,470,000	)
Net deferred tax asset		$	-			$	-

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration