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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

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

		2024				2023
		As of December 31,
		2024				2023
Deferred tax assets
Net operating loss carry forwards		$	12,907,965			$	12,467,570
Research and development costs			3,006,029				2,119,193
Stock compensation expense			789,373				711,598
Accrued expenses			7,330				528,148
Lease liability			389,882				512,668
Contingent liability			221,065				221,028
Acquisition liability			112,722				176,629
Bad debt and other reserves			287,900				129,924
Inventory reserves			130,605				109,176
Other temporary differences			1,049,365				203,340
Total deferred tax assets			18,902,236				17,179,274
Deferred tax liabilities
Depreciation and amortization			(5,683,259	)			(6,180,688	)
Right of Use assets			(353,763	)			(487,402	)
Accrued expenses			-				(424,423	)
Contingent liability			(38,308	)			(130,802	)
Other temporary differences			(294,608	)			(166,712	)
Valuation allowance			(12,532,298	)			(9,789,247	)
Net deferred tax asset		$	-			$	-

SCHEDULE OF INCOME TAX EXPENSE (BENEFIT)

SCHEDULE OF INCOME TAX EXPENSE (BENEFIT)

		2024				2023
		For the Year Ended December 31,
		2024				2023
Expected federal income tax benefit		$	(2,019,060	)		$	(903,220	)
State and local taxes, net of federal benefit			(338,138	)			(226,714	)
Fair value adjustments			(497,373	)			(819,270	)
Share-based compensation			(237,838	)			(557,168	)
Other permanent differences			199,857				118,765
NOL carryover adjustments			97,806				(5,148,128	)
Intangibles			-				(720,407	)
Other true ups			90,343				(230,474	)
Changes in tax rates			9,732				673,449
Change in valuation allowance			2,743,051				7,813,167
Income tax expense		$	48,380			$	-

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- References

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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