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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Taxes  
Summary of income tax expense

 

 

For the years ended December 31,

 

 

 

2023

 

 

2022

 

Net income (loss) per book

 

$(2,618,965 )

 

$113,445

 

Federal statutory income tax rate

 

 

-

 

 

 

23,823

 

State income tax, net of federal benefit

 

 

-

 

 

 

(114,230 )

Employee Retention Credit

 

 

-

 

 

 

(621,560 )

Non-deductible amortization

 

 

433,021

 

 

 

164,848

 

Other

 

 

-

 

 

 

11,364

 

Valuation allowance

 

 

2,185,944

 

 

 

535,756

 

Income tax

 

$-

 

 

$-

 

Schedule of deferred tax assets

 

 

For the years ended December 31,

 

 

 

2023

 

 

2022

 

Net operating loss carry forwards

 

$1,381,803

 

 

$846,059

 

Right of use assets

 

 

-

 

 

 

4,202

 

Fixed assets

 

 

(41,359 )

 

 

(17,785

 

Total deferred tax assets

 

 

1,340,444

 

 

 

832,476

 

Valuation allowance

 

 

(1,340,444 )

 

 

(832,476 )

Net deferred tax assets

 

$-

 

 

$-