Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule deferred tax assets liabilities
    For the Years Ended December 31,  
    2022     2021  
Net operating loss carry forwards   $ 7,331,884     $ 4,181,841  
Share-based compensation     1,633,894       806,997  
Accrued expenses     795,859       301,422  
Intangible assets     107,222       100,736  
Fixed assets     (28,768 )     (29,877 )
Research and development     64,579       -  
Valuation allowance     (9,904,670 )     (5,361,119 )
Net Deferred Tax Asset   $
-
    $
-
 

  

Schedule of reconciliation statutory federal income tax
    For the Years Ended  
    December 31,  
    2022     2021  
             
Statutory federal tax rate     21.0 %     21.0 %
State tax expense     4.5 %     4.7 %
Acquired deferred tax assets     0.0 %     7.8 %
PPP loan forgiveness     0.0 %     0.3 %
Change in tax rate     (1.2 )%     (0.9 )%
Amortization     (2.9 )%     (0.4 )%
Other permanent items     (0.0 )%     (0.3 )%
Prior year deferred asset adjustment     15.4 %     0.0 %
Valuation allowance     (36.8 )%     (32.2 )%
Provision for income taxes    
-
%    
-
%