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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Schedule of net loss before taxes

​

​	​	​	​	​	​	​
​	​	For the years ended December 31
​		2022			2021
U.S.	​	$	(7,911,970)	​	$	(4,808,983)
Non-U.S.	​		(4,158,494)	​		(4,249,923)
Net loss before taxes	​	$	(12,070,464)	​	$	(9,058,906)

​

Schedule of components of income tax expense

​

​	​	​	​	​	​	​
​	​	For the years ended December 31,
​		2022			2021
Current:	​	​	​	​	​	​
U.S. Federal	​	$	—	​	$	—
U.S. State	​		5,166	​		—
Non-U.S.	​	​	15,910	​	​	​
​	​	$	21,076	​	$	—
Deferred:	​	​	​	​	​	​
U.S. Federal	​	$	—	​	$	—
U.S. State	​	​	—	​	​	—
Non-U.S.	​	​	—	​	​	—
​	​	$	—	​	$	—
​	​	​	—	​	​	​
Total income tax expense	​	$	21,076	​	$	—

​

Schedule of reconciliation of the federal income tax rate

​

​	​	​	​	​	​	​
​		For the years ended December 31,
​		2022			2021
Expected tax provision (benefit) at U.S. federal statutory rate	​	$	(2,534,797)	​	$	(1,902,004)
State income taxes, net of federal benefit	​		4,081	​		1,560
Foreign tax rate differential	​		(494,278)	​		(475,504)
Change in valuation allowance	​		3,146,272	​		2,096,141
Prior year deferred tax adjustments	​	​	—	​	​	(1,083)
Other	​		(99,938)	​		280,890
Total provision (benefit) for income taxes	​	$	21,340	​	$	—

​

Schedule of net deferred tax assets (liability)

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2022			2021
Deferred Tax Assets:		​		​
Net operating losses	​	$	7,082,125	​	$	4,975,559
Section 174	​	​	463,749	​	​	—
Tax credits	​		335,060	​		176,975
Equity compensation	​		1,660,684	​		1,193,450
Lease liability	​	​	12,292	​	​	—
Other - accruals	​	​	4,937	​	​	104,807
Other	​		14,634	​		11,528
Total Deferred Tax Assets	​		9,573,481	​		6,462,319
Deferred Tax Liabilities:	​		​	​		​
Capitalized internal-use software, net	​		(198,051)	​		(245,453)
Right-of-use asset	​	​	(12,082)	​	​	—
Total Deferred Tax Liabilities	​		(210,133)	​		(245,453)
Net Deferred Tax Assets	​		9,363,348	​		6,216,866
Valuation allowance	​		(9,363,348)	​		(6,216,866)
Deferred Tax Assets, Net	​	$	—	​	$	—

​

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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