Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Income Tax Expense (Benefit)

Components of income tax expense (benefit) are as follows for the years ended December 31, 2024, and 2023:

	2024		2023
Current tax expense:
Current Income Tax Expense - federal	$	-	$	-
Current Income Tax Expense - state		-		-
Total	$	-	$	-

Schedule of Deferred Tax Assets or Liabilities

The tax effects of temporary differences which give rise to the significant portions of deferred tax assets or liabilities are as follows at December 31, 2024 and 2023:

	2024			2023
Deferred tax assets
Net Operating loss Carryforward	$	4,795,042		$	3,308,651
Capital Loss Carryover		295,299			295,299
Net Lease Liability		-			5,908
Stock Compensation		18,632,030			18,593,252
Software Development Costs		315,521			337,968
Total Deferred tax assets	$	24,037,892		$	22,541,078

Deferred Tax liabilities:
Depreciation	$	(4,793	)	$	(5,897	)
Total Deferred tax liabilities	$	(4,793	)	$	(5,897	)

Less: valuation allowance	$	(24,033,099	)	$	(22,535,181	)
Net deferred tax assets	$	-		$	-

Schedule of Reconciliation of the Income Tax Benefit

The reconciliation of the income tax benefit is computed at the U.S. federal statutory rate as follows:

	2024			2023
Federal statutory income tax at 21%		21.00	%		21.00	%
State income taxes, net of federal benefits		4.35	%		3.55	%
Permanent Differences		(9.74	)%		(5.13	)%
Impact of tax rate change		0.00	%		2.34	%
Prior period adjustment		0.00	%		1.96	%
Application of a full valuation allowance		(15.61	)%		(23.72	)%
Provision for income taxes		-			-

Vocodia Holdings Corp 10-K/A