XML 44 R23.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Taxes |
Shedule of components of deferred income taxes and assets |
|  |  | December 31, 2022 |  |  |  | December 31, 2021 |
Net Deferred Tax Liability |  |  | $ |  |  |  | $ |
Excess of tax over book depreciation and amortization |  |  | (46,001 | ) |  |  | (8,330 | )
ROU Asset |  |  | (117,134 | ) |  |  | (28,657 | )
Lease Liability |  |  | 122,279 |  |  |  | 47,301 |
Accrued expenses |  |  | 5,655 |  |  |  | 1,199 |
Unrealized Gain/Loss |  |  | - |  |  |  | 103,106 |
Capitalized research expenses |  |  | 1,237,122 |  |  |  | - |
Stock-based compensation |  |  | 321,956 |  |  |  | 186,252 |
Net Operating Losses carry-forward |  |  | 28,556,992 |  |  |  | 24,390,040 |
Research and development tax credits |  |  | 769,317 |  |  |  | 606,729 |
Gross deferred tax assets |  |  | 30,850,186 |  |  |  | 25,297,640 |
Valuation allowance |  |  | (30,850,186 | ) |  |  | (25,297,640 | )
Net deferred tax asset |  |  | - |  |  |  | - |
Change in Valuation Allowance |  |  | (5,552,546 | ) |  |  |  |
|  | December 31, 2022 |  |  | December 31, 2021 |
Summary Rate Reconciliation |  | % |  |  |  | % |
Federal statutory rate |  |  | 21.0 |  |  |  | 21.0 |
State income taxes, net of federal benefit |  |  | - |  |  |  | - |
Permanent Differences |  |  | (0.6 | ) |  |  | (4.8 | )
Stock based compensation |  |  | (0.3 | ) |  |  | (0.6 | )
Federal Research & Development Credits |  |  | 0.7 |  |  |  | 0.5 |
Foreign taxes |  |  | (0.1 | ) |  |  | 1.5 |
Federal Deferred Rate Decrease |  |  | 0.5 |  |  |  | (14.4 | )
Change in Valuation Allowance |  |  | (21.2 | ) |  |  | (3.2 | )
Total |  |  | - |  |  |  | - |
Disclosure Amounts |  | December 31, 2022 |  |  |  |  |
Net Operating Losses - United States |  |  | 35,072,965 |  |  |  |  |
Net Operating Losses - Foreign |  |  | 90,614,447 |  |  |  |  |
Credit Carryforward - United States |  |  | - |  |  |  |  |
Credit Carryforward - Foreign |  |  | 769,317 |  |  |  |  |
Increase in Valuation Allowance |  |  | 5,552,546 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration