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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Loss Before Income Tax | The components of loss before income taxes are as follows:
|  | 2020 |  |  | 2019 |
Domestic |  |  | (2,542,428 | ) |  |  | (1,698,689 | )
Foreign |  |  | (6,307 | ) |  |  | (52,222 | )
Loss before income taxes |  |  | (2,548,735 | ) |  |  | (1,750,911 | )
Schedule of Effective Income Tax Rate Reconciliation | For the years ended December 31, 2020 and 2019, a reconciliation of the Company’s effective tax rate to the statutory U.S. Federal rate is as follows:
|  | 2020 |  |  | 2019 |
Income taxes at Federal statutory rate |  |  | (21.0 | )% |  |  | (21.0 | )%
State income taxes, net of Federal income tax effect |  |  | (8.6 | )% |  |  | (8.6 | )%
Perm difference |  |  | 0.0 | % |  |  | 0.0 | )%
Foreign tax rate differential |  |  | (0.4 | )% |  |  | (0.6 | )%
Change in valuation allowance |  |  | 30.0 | % |  |  | 30.2 | %
Other |  |  | 0.0 | % |  |  | 0.0 | %
Income tax provision |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to the Company’s deferred tax assets and liabilities are as follows:
|  | 2020 |  |  | 2019 |
U.S. net operating loss carryforwards |  |  | 2,907,000 |  |  |  | 2,894,000 |
Stock compensation |  |  | 1,217,000 |  |  |  | 784,000 |
Canadian Provincial income tax losses |  |  | 7,000 |  |  |  | 29,000 |
Canadian Provincial scientific investment tax credits |  |  | (10,000 | ) |  |  | (4,000 | )
|  |  | 4,121,000 |  |  |  | 3,703,000 |
Valuation allowance |  |  | (4,121,000 | ) |  |  | (3,703,000 | )
Net deferred tax assets |  |  | - |  |  |  | - |

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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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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