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v3.26.1

Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Taxes [Abstract] |
Schedule of Domestic and International Pre-Tax Loss | Domestic and international pre-tax loss consists of the following:
|  | December 31, |
|  | 2025 |  |  | 2024 Restated |
United States |  |  | (23,469,273 | ) |  |  | (33,335,579 | )
International |  |  | - |  |  |  | - |
Loss before income taxes |  |  | (23,469,273 | ) |  |  | (33,335,579 | )
Schedule of Federal Statutory Income Tax Rate | Income tax expense differed from the amount computed by applying the federal statutory income tax rate of 21% to pretax income for the years ended December 31, 2025 and 2024 as a result of the following:
|  | December 31, 2025 |
|  | Amount |  |  | Percent |
US Federal Statutory Tax Rate |  | $ | (4,928,547 | ) |  |  | 21.00 | %
State and Local Income Taxes (1) |  |  | (211,513 | ) |  |  | 0.90 |
Foreign Tax Effects |  |  | - |  |  |  | 0.00 |
Tax Credits |  |  | (1,010,247 | ) |  |  | 4.30 |
Change in Valuation Allowance |  |  | 4,421,241 |  |  |  | (18.84 | )
Nontaxable or Nondeductible Items |  |  |  |  |  |  |  |
Section 162m Limitation |  |  | 262,808 |  |  |  | (1.12 | )
Warrant Revaluation |  |  | 248,946 |  |  |  | (1.06 | )
Other permanent differences |  |  | 236,687 |  |  |  | (1.01 | )
Change in unrecognized tax benefits |  |  | 303,074 |  |  |  | (1.29 | )
Other Reconciling Items |  |  |  |  |  |  |  |
Deferred True Up |  |  | 622,366 |  |  |  | (2.65 | )
Other |  |  | 55,184 |  |  |  | (0.24 | )
Total |  | $ | - |  |  |  | 0.00 | %
(1) | For the year ended December 31, 2025, state and local income taxes in California made up the majority (greater than 50 percent) of the tax effect in this category.
|  | December 31, 2024 |
Federal tax at statutory rate |  | $ | (6,142,980 | )
State income taxes |  |  | (218,456 | )
Stock based compensation |  |  | 180,319 |
Foreign taxes |  |  | - |
Tax credits |  |  | (1,039,015 | )
Nondeductible items |  |  | 26,970 |
Valuation allowance |  |  | 5,327,801 |
Deferred true up |  |  | 1,165,581 |
Rate change |  |  | 717,809 |
Other items |  |  | (18,029 | )
Total |  | $ | - |
Schedule of Deferred Tax Assets and Liabilities | Significant components of our deferred tax assets and liabilities as of December 31, 2025 and 2024 are as following:
|  | December 31, |
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 41,820,615 |  |  | $ | 36,178,997 |
Research and development credits |  |  | 7,713,764 |  |  |  | 7,006,591 |
Intangibles |  |  | 616,331 |  |  |  | 880,481 |
Fixed assets |  |  | (365,067 | ) |  |  | (181,103 | )
Stock based compensation |  |  | 27,813 |  |  |  | 452,339 |
Accruals and reserves |  |  | 441,240 |  |  |  | 281,367 |
Deferred revenue |  |  | 155,914 |  |  |  | 21,751 |
Lease liability |  |  | 1,491,200 |  |  |  | 69,025 |
Capitalized research costs |  |  | 3,761,293 |  |  |  | 5,280,797 |
Other |  |  | 223 |  |  |  | 8,639 |
Gross deferred tax assets |  |  | 55,663,326 |  |  |  | 49,998,884 |
Valuation allowance |  |  | (54,355,211 | ) |  |  | (49,934,084 | )
Total deferred tax assets |  |  | 1,308,115 |  |  |  | 64,800 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of use asset |  |  | (1,308,115 | ) |  |  | (64,800 | )
Deferred project costs |  |  |  |  |  |  | - |
Total deferred tax liabilities |  |  | (1,308,115 | ) |  |  | (64,800 | )
Net deferred tax assets |  | $ | - |  |  |  | - |
Schedule of Gross Unrecognized Tax Benefits | The following table reflects changes in gross unrecognized tax benefits:
|  | December 31, |
|  | 2025 |  |  | 2024 |
Balance at beginning of year |  | $ | 3,002,825 |  |  | $ | 2,545,189 |
Increase in balance related to tax positions taken during the current year |  |  | 303,074 |  |  |  | 445,293 |
Increase in balance related to tax positions taken during prior years |  |  | - |  |  |  | 12,343 |
Decrease in balance related to prior year tax positions |  |  | - |  |  |  | - |
Decrease in balance related to settlement with tax authorities |  |  | - |  |  |  | - |
Balance at end of year |  | $ | 3,305,899 |  |  | $ | 3,002,825 |

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