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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes |
Schedule of Deferred Tax Assets and Liabilities |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |
Goodwill |  | $ | 151,634 |  |  | $ | 168,897 |
Capitalized start-up costs |  |  | 55,077 |  |  |  | 65,305 |
Other intangibles |  |  | 6,808 |  |  |  | 8,068 |
Other accruals |  |  | 36,760 |  |  |  | 17,425 |
Stock compensation |  |  | 359,378 |  |  |  | 80,374 |
Net operating loss |  |  | 3,561,783 |  |  |  | 1,009,495 |
Contribution carryforward |  |  | 832 |  |  |  | 346 |
Unrealized gain/loss |  |  | — |  |  |  | (10,499 | )
Unearned revenue |  |  | 35,399 |  |  |  | 5,763 |
Research and development costs |  |  | 887,434 |  |  |  | 353,746 |
Reserves and allowances |  |  | 136,942 |  |  |  | — |
Deferred tax assets |  |  | 5,232,047 |  |  |  | 1,698,920 |
Less valuation allowance |  |  | (5,173,947 | ) |  |  | (1,665,938 | )
Net deferred tax assets after valuation allowance |  | $ | 58,100 |  |  | $ | 32,982 |
Deferred tax liabilities: |  |  |  |  |  |
Depreciation |  | $ | (58,100 | ) |  | $ | (32,982 | )
Deferred tax liabilities |  |  | (58,100 | ) |  |  | (32,982 | )
Net deferred tax asset (liability) |  | $ | — |  |  | $ | — |
Schedule of Effective Income Tax Rate Reconciliation |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Rate Reconciliation |  |  |  |  |  |
Federal income tax at statutory rate |  |  | 21.00 | % |  |  | 21.00 | %
Change in state tax |  |  | 1.99 | % |  |  | 0.02 | %
Change in valuation allowance |  |  | -43.19 | % |  |  | -20.59 | %
Permanent differences |  |  | 10.70 | % |  |  | -1.80 | %
State taxes |  |  | 6.23 | % |  |  | 2.05 | %
Other |  |  | 3.27 | % |  |  | -0.68 | %
Effective income tax rate |  |  | 0 | % |  |  | 0 | %

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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