Annual report [Section 13 and 15(d), not S-K Item 405]

Income Tax (Tables)

v3.25.1
Income Tax (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Asset Net

The Company has the following net deferred tax asset:

 

    As of
December 31, 2024		     As of
December 31, 2023		  
Temporary Differences   $ 255,138     $ 255,138  
Unrealized gains     128,077       120,135  
Impairment losses on investment     311,280       313,925  
Net operating loss carryforward     546,705       383,370  
Total gross deferred tax assets     (1,241,199 )     (1,072,568 )
                 
Net deferred tax assets   $ -     $ -  
Summary of Reconciliation of Statutory Federal Income Tax Rate

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

 

    For the Year ended
December 31, 2024		     For the Year ended
December 31, 2023		  
             
Expected federal statutory rate     (21.00 )%     (21.00 )%
State Effect on tax rate, net of federal benefit     (4.35 )%     (4.35 )%
Permanent differences     (5.75 )%     (5.75 )%
Change in valuation allowance     31.10 %     31.10 %
                 
Income tax provision (benefit)     -       -