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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of statutory federal income tax rate |
|  | 2020 |  |  | 2019 |
Income taxes at U.S. statutory rate |  |  | 21 | % |  |  | 21 | %
State income taxes |  |  | 8.2 |  |  |  | 7.0 |
Tax Credits |  |  | 1.3 |  |  |  | - |
Permanent Differences/Others |  |  | 30.3 |  |  |  | (20.4 | )
Change in valuation allowance |  |  | (60.8 | ) |  |  | (7.6 | )
Total provision for income taxes |  |  | 0 | % |  |  | 0 | %
Schedule of deferred tax assets and liabilities |
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
Deferred tax assets |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 3,651,932 |  |  | $ | 1,044,662 |
Tax credits carryforwards |  |  | 116,949 |  |  |  | - |
Stock-based compensation |  |  | 2,350,795 |  |  |  | 974,644 |
Lease liability |  |  | 367,029 |  |  |  |  |
Other |  |  | 1,920 |  |  |  | - |
Total deferred tax assets |  |  | 6,488,625 |  |  |  | 2,019,306 |
Valuation allowance |  |  | (6,109,685 | ) |  |  | (2,019,306 | )
Net deferred tax assets |  |  | 378,940 |  |  |  | — |
Deferred tax liabilities |  |  |  |  |  |  |  |
Right of use assets |  |  | (368,950 | ) |  |  |  |
Fixed Assets |  |  | (9,990 | ) |  |  |  |
Total deferred tax liabilities |  |  | (378,940 | ) |  |  | — |
Net deferred taxes |  | $ | — |  |  | $ | — |

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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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