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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Pre-tax (Loss) Income | For the years ended December 31, 2024 and 2023, pre-tax (loss) income was attributed to the following jurisdictions:
|  | For the Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Domestic operations |  | $ | (15,165,728 | ) |  | $ | (9,194,652 | )
Foreign operations |  |  | 2,257,896 |  |  |  | 3,405,604 |
(Loss) income before taxes |  | $ | (12,907,831 | ) |  | $ | (5,789,048 | )
Schedule of Tax Provision for Income Taxes | The components of the tax provision for income taxes are as follows:
|  | For the Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | 24,641 |
State |  |  | 2,560 |  |  |  | 23,153 |
International |  |  | 695,860 |  |  |  | 974,830 |
|  |  | 698,420 |  |  |  | 1,022,624 |
Deferred: |  |  |  |  |  |
Federal |  |  | - |  |  |  | (95,496 | )
State |  |  | - |  |  |  | - |
International |  |  | 28,082 |  |  |  | - |
|  |  | 28,082 |  |  |  | (95,496 | )
Total provision for income taxes |  | $ | 726,502 |  |  | $ | 927,128 |
Schedule of Taxes on Income Vary from Statutory Federal Income Tax Rate Applied to Earnings Before Tax on Income | Taxes on income vary from the statutory federal income tax rate applied to earnings before tax on income as follows:
|  | For the Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Provision at federal statutory rates (21% applied to earnings before income taxes) |  | $ | (2,710,645 | ) |  | $ | (1,215,486 | )
State income taxes, net of federal benefit |  |  | (857,297 | ) |  |  | (252,544 | )
Other permanent items |  |  | 87,165 |  |  |  | (60,372 | )
Stock based compensation |  |  | (2,757 | ) |  |  | 85,990 |
Goodwill impairment |  |  | - |  |  |  | 704,987 |
Research and development credits |  |  | (205,533 | ) |  |  | 800,550 |
Change in reserve for uncertain tax positions |  |  | 66,950 |  |  |  | (338,894 | )
Change in valuation allowance |  |  | 4,182,133 |  |  |  | 984,921 |
Other |  |  | 166,486 |  |  |  | 217,976 |
|  | $ | 726,502 |  |  | $ | 927,128 |
Schedule of Deferred Income Tax Assets and Liabilities | Deferred income tax assets and liabilities arising from differences accounting for financial statement purposes and tax purposes, less valuation reserves at year end are as follows:
|  | For the Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Reserves |  | $ | 557,566 |  |  | $ | 59,564 |
Deferred compensation |  |  | 128,748 |  |  |  | 139,805 |
Stock compensation |  |  | 347,616 |  |  |  | 295,392 |
Deferred revenue |  |  | 66,170 |  |  |  | 87,770 |
Inventories |  |  | 2,257,220 |  |  |  | 617,929 |
Credits and loss carryforward |  |  | 4,822,030 |  |  |  | 3,102,512 |
Capitalized research and experimental expenditures |  |  | 1,588,187 |  |  |  | 1,206,082 |
Lease liabilities |  |  | 480,317 |  |  |  | 528,698 |
Total deferred tax assets before valuation allowance |  |  | 10,247,854 |  |  |  | 6,037,752 |
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment |  |  | (217,404 | ) |  |  | (373,645 | )
Other |  |  | (555,424 | ) |  |  | (305,036 | )
ROU assets |  |  | (405,910 | ) |  |  | (464,187 | )
Total deferred tax liabilities |  |  | (1,178,738 | ) |  |  | (1,142,868 | )
Net deferred tax assets before valuation allowance |  |  | 9,069,116 |  |  |  | 4,894,884 |
Valuation allowance |  |  | (9,121,690 | ) |  |  | (4,939,557 | )
Net deferred tax liabilities |  | $ | (52,574 | ) |  | $ | (44,673 | )
Schedule of Reconciliation Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Unrecognized tax benefits balance on December 31, 2022 |  |  | 1,218,396 |
Gross increases for tax positions of the prior year |  |  | 55,431 |
Gross decrease for tax positions of the current year |  |  | (505,258 | )
Gross increases for tax positions of the current year |  |  | 50,711 |
Unrecognized tax benefits balance on December 31, 2023 |  |  | 819,280 |
Gross decrease for tax positions of the current year |  |  | - |
Gross increases for tax positions of the current year |  |  | 69,635 |
Unrecognized tax benefits balance on December 31, 2024 |  | $ | 888,916 |

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