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Income Taxes (Tables)

12 Months Ended

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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- References

No definition available.

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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

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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

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