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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Income Tax Provision | The income tax provision consisted of the following:
|  | During the Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Current |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | 10,056 |  |  |  | 4,627 |
Current subtotal |  |  | 10,056 |  |  |  | 4,627 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | (500,927 | ) |  |  | (1,179,474 | )
State |  |  | (59,032 | ) |  |  | (145,802 | )
Deferred subtotal, gross |  |  | (559,959 | ) |  |  | (1,325,276 | )
Valuation allowance |  |  | 559,959 |  |  |  | 1,325,276 |
Deferred subtotal, net |  |  | — |  |  |  | — |
Income tax expense |  | $ | 10,056 |  |  | $ | 4,627 |
Schedule of Income Tax Expense Differs from the Expected Tax Computed | The actual income tax expense differs from the expected tax computed by applying the U.S. federal corporate tax rate of 21% to the loss before income taxes during the years ended December 31, 2024 and 2023 respectively, as follows:
|  | During the Years Ended December 31, |
|  | 2024 |  |  | 2023 |
|  | $ |  |  | % |  |  | $ |  |  | % |
Computed expected income tax expense rate |  | $ | (450,780 | ) |  |  | (21.00 | )% |  | $ | (1,211,694 | ) |  |  | (21.00 | )%
State income taxes, net of federal expense |  |  | (36,681 | ) |  |  | (1.71 | ) |  |  | (117,149 | ) |  |  | (2.03 | )
Share-based compensation |  |  | 49,030 |  |  |  | 2.28 |  |  |  | 56,214 |  |  |  | 0.97 |
Tax credits |  |  | (116,091 | ) |  |  | (5.41 | ) |  |  | (53,241 | ) |  |  | (0.92 | )
Valuation allowance |  |  | 559,959 |  |  |  | 26.09 |  |  |  | 1,325,276 |  |  |  | 0.09 |
Other |  |  | 4,619 |  |  |  | 0.22 |  |  |  | 5,221 |  |  |  | 22.97 |
Income tax expense/rate |  | $ | 10,056 |  |  |  | 0.47 | % |  | $ | 4,627 |  |  |  | 0.08 | %
Schedule of Significant Components of Our Deferred Tax Assets Net | The significant components of our deferred tax assets, net, consisted of the following:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Property, plant and equipment |  | $ | (1,833,727 | ) |  | $ | (2,121,940 | )
Federal general business tax credits |  |  | 842,565 |  |  |  | 726,474 |
Federal net operating loss carryforwards |  |  | 3,705,923 |  |  |  | 3,729,500 |
State tax credits and net operating loss carryforwards |  |  | 900,569 |  |  |  | 886,428 |
§174 R & D expenditures |  |  | 727,410 |  |  |  | 592,915 |
Deferred compensation |  |  | 82,370 |  |  |  | 50,722 |
Prepaid expenses and other |  |  | 24,718 |  |  |  | 37,124 |
UNICAP |  |  | 22,443 |  |  |  | 32,607 |
Incentive compensation |  |  | 121,718 |  |  |  | 100,200 |
Valuation allowance |  |  | (4,593,989 | ) |  |  | (4,034,030 | )
Deferred tax assets, net |  | $ | — |  |  | $ | — |

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- 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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