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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
SCHEDULE OF DEFERRED TAX ASSETS | The components of the deferred income tax assets and liabilities consisted of the following: SCHEDULE OF DEFERRED TAX ASSETS
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
Deferred tax assets |  |  |  |  |  |  |  |
Net operating loss carry forwards |  | $ | 6,818,547 |  |  | $ | 4,352,201 |
Inventory reserves |  |  | 43,678 |  |  |  | 70,221 |
Bad debt and other reserves |  |  | 92,286 |  |  |  | 561,944 |
Accrued expenses |  |  | - |  |  |  | 35,579 |
Research and development expenses |  |  | 707,076 |  |  |  | - |
Share-based compensation expense |  |  | 232,250 |  |  |  | - |
Other temporary differences |  |  | 26,102 |  |  |  | 1,134 |
Total deferred tax assets |  |  | 7,919,939 |  |  |  | 5,021,079 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (5,919,626 | ) |  |  | (17,001 | )
Accrued expenses |  |  | (26,903 | ) |  |  | - |
Valuation allowance |  |  | (1,973,410 | ) |  |  | (5,004,078 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |
SCHEDULE OF INCOME TAX EXPENSE (BENEFIT) | SCHEDULE OF INCOME TAX EXPENSE (BENEFIT)
|  | For the Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Expected federal income tax benefit |  | $ | 2,851,758 |  |  | $ | 1,663,601 |
NOL carryover adjusted for expiration |  |  | 46,936 |  |  |  | (29,730 | )
Equity method investment loss |  |  | (79,723 | ) |  |  | (129,555 | )
Meals and entertainment |  |  | (4,843 | ) |  |  | (7,439 | )
Share-based compensation |  |  | (249,516 | ) |  |  | 120,924 |
Research and development expenses |  |  | (707,076 | ) |  |  | - |
Other temporary differences |  |  | 329,829 |  |  |  | (46,683 | )
Change in valuation allowance |  |  | 3,657,431 |  |  |  | (1,571,118 | )
Income tax expense (benefit) |  | $ | 5,844,796 |  |  | $ | - |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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