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FEDERAL AND STATE INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Domestic and International Pre-Tax Income (Loss)

Domestic and international pre-tax income/(loss) consists of the following:

Schedule of Components of Domestic and International Pre-Tax Income (Loss)

		Year Ended December 31, 2024			Year Ended December 31, 2023
United States		$	(6,063,740	)	$	(9,733,582	)
Loss before income taxes		$	(6,063,740	)	$	(9,733,582	)

Schedule of provision for income taxes

Income tax expense attributable to operations is comprised of the following:

Schedule of provision for income taxes

		Year Ended December 31, 2024			Year Ended December 31, 2023
Current:
Federal		$	—		$	—
State			(2,893	)		—
International			—			—
Total Current			(2,893	)		—
Deferred:
Federal			—			(3,967,480	)
State			—			—
International			—			—
Total Deferred			—			(3,967,480	)
Income Tax Expense		$	(2,893	)	$	(3,967,480	)

Schedule of components of deferred tax assets

Deferred income taxes reflect the net tax effects of temporary differences between carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities are as follows:

Schedule of components of deferred tax assets 

		December 31, 2024			December 31, 2023
Deferred Tax Assets:
Net Operating Loss		$	4,025,905		$	3,566,630
Credits			129,598			142,030
Capitalized Research Costs			2,451,496			2,045,616
NQO & RSA Stock Options			350,484			1,047,608
Deferred Lease Liability			647,446			—
Accruals & Reserves			712,058			129,923
Other			48			42
Gross Deferred Tax Asset			8,317,035			6,931,849
Valuation allowance			(7,080,843	)		(6,002,777	)
Total Deferred Tax Asset		$	1,236,192		$	929,072
Deferred Tax Liabilities:
Intangibles			(58,170	)		(408,260	)
ROU Assets			(538,632	)		(5,511	)
Fixed Assets			(639,390	)		(515,300	)
Total Deferred Tax Liabilities			(1,236,192	)		(929,071	)
Net Deferred Tax Asset		$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense differed from the amount computed by applying the federal statutory income tax rate of 21% to pretax income for the years ended December 31, 2024 and December 31, 2023 as a result of the following:

Schedule of Effective Income Tax Rate Reconciliation

		Year Ended December 31, 2024			Year Ended December 31, 2023
Federal tax at statutory rate		$	1,272,820		$	2,052,452
State income taxes			184,595			—
Valuation allowance			(1,078,066	)		(6,002,777	)
Deferred tax true ups			(352,653	)		—
Other items			(29,589	)		(17,155	)
Total			(2,893	)		(3,967,480	)

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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.

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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.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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