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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Federal Statutory Rate to Total Effective Rate

 Schedule of Reconciliation of Federal Statutory Rate to Total Effective Rate

		Year Ended				Year Ended
		December 31, 2022				December 31, 2021
Expected benefit at statutory federal tax rate		$	(974,329	)		$	(979,527	)
Permanent differences – net			(859,515	)			-
State and local taxes, net of federal tax benefit			(265,607	)			(311,373	)
Other			(21,965	)			(57,563	)
Change in valuation allowance			2,121,416				1,348,463
Income tax Expense (Benefit) Total		$	-			$	-

Schedule of Components of Deferred tax Assets

The components of the Company’s deferred tax assets (liabilities) are as follows:

 Schedule of Components of Deferred tax Assets

		Year Ended December 31, 2022				Year Ended December 31, 2021
Deferred tax assets (liabilities):
Fixed assets		$	(268,594	)		$	3,837
Interest			62,310				46,361
Research and development expenses			454,942				-
Stock-based compensation			917,351				637,112
Net operating losses - federal			2,898,411				1,687,053
Net operating losses – state and local			921,350				536,282
Net operating losses - foreign			37,686				-
Research credit			28,985				28,985
Deferred tax assets gross			5,052,441				2,939,630
Less valuation allowance			(5,244,441	)			(2,939,630	)
Net deferred tax liability		$	(192,000	)		$	-

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- References

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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