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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets

		December 31, 2021				December 31, 2020
Deferred tax assets:
Federal net operating loss		$	19,434,000			$	15,227,000
State net operating loss			12,508,000				9,361,000
Research and development tax credits			5,333,000				3,407,000
Capitalized R&D			38,360,000				14,387,000
Nonqualified Stock Options			15,511,000				7,352,000
Accruals			655,000				645,000
Intangibles and Fixed Assets			4,394,000				41,000
Less: valuation allowance			(96,195,000	)			(50,420,000	)
Total		$	-			$	-

Schedule of reconciliation of the statutory tax rate to the effective tax rate

		Year Ended December 31, 2021				Year Ended December 31, 2020
Statutory federal income tax rate			21.00	%			21.00	%
State (net of federal benefit)			14.22	%			15.50	%
Non-deductible expenses			(0.38	)%			0.42	%
R&D Credit			1.53	%			3.21	%
Other			0.02	%			1.01	%
Change in valuation allowance			(36.41	)%			(41.15	)%
Effective income tax rate			0	%			0	%

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- References

No definition available.

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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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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