XML 75 R62.htm IDEA: XBRL DOCUMENT v3.25.1
INCOME TAXES - The principal components of the Company's deferred tax assets and liabilities (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current and long term deferred tax assets:    
Federal NOL $ 21,692,990 $ 20,409,328
Foreign NOL 17,164,274 15,172,966
NJ NOL 458,536 1,253,713
Net operating loss carry forward 39,315,800 36,836,007
Stock Options 482,824 418,776
Federal R&D Credit 2,224,012 2,113,233
NJ R&D Credit   197,406
Research and development credit carryforward 2,224,012 2,310,639
Other 458,013 242,841
Charitable Contributions 5,832 5,832
Accruals and others 463,845 248,673
174(b) research & experimental 5,485,885 5,495,850
163(j) business interest expense 255,450  
Lease Liability 3,625,251 3,730,280
Gross deferred tax assets 51,853,067 49,040,225
Less valuation allowance (48,267,681) (45,334,554)
Deferred tax assets, net of valuation allowance 3,585,386 3,705,671
Deferred tax liability:    
Fixed assets (349,578) (315,915)
Right of Use Asset $ (3,235,808) $ (3,389,756)