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Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of effective tax rates [Abstract]

Schedule of income tax expense (benefit) included in the statements of income and comprehensive income

		December 31,
		2022				2021
Current
Federal		$	-			$	-
Foreign			-				(277,717	)
State			-				-
			-
Deferred
Federal			-				-
Foreign			-				-
State			-				-
Total		$	-			$	(277,717	)

Schedule of reconciliation income tax expense

		December 31, 2022
		Amount				Rate
Federal tax at statutory rate		$	(10,988,857	)			21.00	%
State income taxes, net of federal tax benefit			(1,069,093	)			2.04	%
Foreign Taxes			(1,435,961	)			2.74	%
Change in Valuation Allowance			13,703,637				(26.20	)%
Other			(209,726	)			0.40	%
Total		$	-

Schedule of deferred income taxes

		December 31,
		2022				2021
Assets
Net operating loss carryforwards		$	15,762,452				6,244,902
Operating Lease Liability			782,080				911,463
Accrued Liabilities			166,650				88,833
Unrealized Loss			2,473,377				714,428
Stock based compensation			5,874,815				4,710,358
Disallowed Interest Expense			2,548,266				425,302
Other			186,432				32,853
Total deferred tax assets			27,794,072				13,128,139
Liabilities
Right of Use Asset			770,635				934,086
Depreciation			1,112,435				(13,311	)
Total deferred tax liabilities			1,883,071				920,775
Valuation allowance			(25,911,002	)			(12,207,364	)
Net deferred tax assets			-				-

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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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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