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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Taxes [Abstract]  
Schedule of Components of Loss Before Income Tax Benefit The components of loss before income tax benefit are as follows:
   December 31, 
   2023   2022 
Domestic Operations  $(498,673)  $(2,683,143)
Foreign Operations   (588,914)   (900,772)
   $(1,087,587)  $(3,583,915)
Schedule of Company’s Benefit for Income Taxes The Company’s benefit for income taxes is comprised of the following:
   December 31, 
   2023   2022 
Current        
Federal  $
-
   $
-
 
State and local   6,579    15,685 
Foreign   76,031    
-
 
Total Current   82,610    15,685 
Deferred          
Federal   
-
    
-
 
State and local   
-
    
-
 
Foreign   (102,862)   (187,350)
Change in Valuation Allowance   
-
    
-
 
Total Deferred   (102,862)   (187,350)
Total Benefit  $(20,252)  $(171,665)
Schedule of Company’s Effective Tax Rate Differs from the U.S. Federal Statutory Income Tax Rate The Company’s effective tax rate differs from the U.S. federal statutory income tax rate of 213% for 2023 and 2022 as follows:
   2023   2022 
Income tax benefit at federal statutory rate   21.0%   21.0%
Permanent Differences   
-
%   
-
%
State and local taxes   (1.8)%   (0.7)%
Valuation allowance   (10.5)%   (7.6)%
Deferred tax adjustment   (1.9)%   
-
%
Share based compensation   (6.4)%   (7.8)%
Foreign Income Tax Rate Differential   1.1%   0.5%
Other   0.5%   (0.6)%
Effective tax rate   2.0%   4.8%

 
Schedule of Significant Components of the Company’s Deferred Tax Assets and Liabilities Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:
   December 31, 
   2023   2022 
Deferred Tax Assets:        
U.S. federal and state net operating losses  $2,939,449   $3,436,822 
Foreign net operating losses   -    103,375 
Share-based compensation   480,773    511,603 
Amortization of intangible assets   429,651    583,727 
Rent   17,291    36,413 
Capitalized IRC §174 costs   1,972,960    1,134,472 
Tax credits   62,969    62,969 
Other   285,245    257,473 
Subtotal   6,188,338    6,126,854 
Less Valuation Allowance:   (6,099,163)   (5,984,591)
Total Deferred Tax Assets   89,175    142,263 
Deferred Tax Liabilities:          
Amortization of intangible assets   (615,452)   (820,279)
Property and equipment   (12,850)   (31,262)
Other   (74,914)   (7,625)
Total Deferred Tax Liabilities   (703,216)   (859,166)
Net Deferred Tax Liability  $(614,041)  $(716,903)