XML 62 R38.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Asset

 Schedule of Deferred Tax Asset

		December 31, 2023				December 31, 2022
Net deferred tax assets - Non-current
Depreciation		$	(15,175	)		$	(16,098	)
Amortization			(14,195	)			(19,290	)
Accrual to cash			718,893				767,861
Stock based compensation			3,653,490				3,653,490
Expected income tax benefit from NOL carry-forwards			6,573,406				3,309,340
Less valuation allowance			(10,916,419	)			(7,695,303	)
Deferred tax assets, net of valuation allowance		$	—			$	—

Schedule of Federal Statutory Income Tax Rate and Effective Income Tax Rate

A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows:

 Schedule of Federal Statutory Income Tax Rate and Effective Income Tax Rate

		2023				2022
Federal statutory income tax rate			21.0	%			21.0	%
State tax rate, net of federal benefit			4.9				4.7
Nondeductible expenses			—				—
Nontaxable income			—				—
Change in valuation allowance on net deferred tax assets			(25.9	)			(25.7	)
Effective income tax rate			—	%			—	%

Schedule of State Carryforwards

If not used, the state carryforwards will expire as follows:

 Schedule of State Carryforwards

2038		$	888,389
2039		$	1,039,949
2040		$	4,457,495
2041		$	2,406,225
2042		$	2,730,141
2043		$	12,915,439
State Carryforwards		$	12,915,439

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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
-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

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
-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

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

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-3

+ Details

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