XML 55 R40.htm IDEA: XBRL DOCUMENT v3.23.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Schedule of income tax provision

		During the Years Ended December 31,
		2022				2021
Current
Federal		$	—			$	—
State			7,672				9,165
Current subtotal			7,672				9,165
Deferred
Federal			(576,780	)			(63,097	)
State			(88,533	)			(14,990	)
Deferred subtotal, gross			(665,313	)			(78,087	)
Valuation allowance			665,313				78,087
Deferred subtotal, net			—				—
Income tax expense		$	7,672			$	9,165

Schedule of actual income tax expense differs from the expected tax

		During the Years Ended December 31,
		2022								2021
		$				%				$				%
Computed expected income tax expense rate		$	(522,088	)			(21.00	)%		$	(14,517	)			(21.00	)%
State income taxes, net of federal expense			(47,643	)			(1.92	)			7,522				10.88
Share-based compensation			36,652				1.48				13,716				19.84
Tax credits			(131,361	)			(5.28	)			(79,901	)			(115.58	)
Valuation allowance			665,313				26.76				78,087				112.96
Other			6,799				0.27				4,258				6.16
Income tax expense/rate		$	7,672				0.31	%		$	9,165				13.26	%

Schedule of significant components of our deferred tax assets, net

		As of December 31,
		2022				2021
Property, plant and equipment		$	(2,530,472	)		$	(2,483,145	)
Federal general business tax credits			673,233				557,795
Federal net operating loss carryforwards			3,258,395				3,094,283
State tax credits and net operating loss carryforwards			817,617				809,618
§174 R & D expenditures			341,683				—
Deferred compensation			23,370				—
Prepaid expenses and other			15,587				(6,289	)
UNICAP			32,787				14,178
Incentive compensation			76,554				57,001
Valuation allowance			(2,708,754	)			(2,043,441	)
Deferred tax assets, net		$	—			$	—

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxesPaidNetAbstract
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

X

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

+ Details

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

X

- 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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

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