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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes [Abstract] |
Schedule of Company's Benefit for Income Taxes | The Company’s provision (benefit) for income taxes consists of the following for the year ended December 31, 2022 and 2021:
|  | 2022 |  |  | 2021 |
Deferred: |  |  |  |  |  |
Federal |  | $ | (1,600,538 | ) |  | $ | (2,302,762 | )
State and local |  |  | (688,620 | ) |  |  | (477,375 | )
Total deferred |  |  | (2,289,158 | ) |  |  | (2,780,137 | )
Total provision (benefit) for income taxes |  |  | (2,289,158 | ) |  |  | (2,780,137 | )
Less: valuation allowance |  |  | 2,289,158 |  |  |  | 2,780,137 |
Income tax provision |  | $ | — |  |  | $ | — |
Schedule of Reconciliation of the Federal Statutory Rate | A reconciliation of the federal statutory rate to 0.0% for the year ended December 31, 2022 and 2021 to the effective rate for income from operations before income taxes is as follows:
|  | 2022 |  |  | 2021 |
Benefit for income taxes at federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State and local income taxes, net of federal benefit |  |  | 3.9 |  |  |  | 3.9 |
Goodwill impairment |  |  | — |  |  |  | — |
Change in state rate |  |  | — |  |  |  | — |
Less valuation allowance |  |  | (24.9 | ) |  |  | (24.9 | )
Effective income tax rate |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of Deferred Tax Assets (Liabilities) | The tax effects of these temporary differences along with the net operating losses, net of an allowance for credits, have been recognized as deferred tax assets (liabilities) at December 31, 2022 and 2021 as follows:
|  | 2022 |  |  | 2021 |
Net operating loss carryforward |  | $ | 8,155,944 |  |  | $ | 6,480,539 |
Bad debt reserve |  |  | 37,734 |  |  |  | 239,334 |
Employee stock compensation |  |  | 2,031,628 |  |  |  | 1,231,564 |
Intangible assets |  |  | (467,395 | ) |  |  | (488,958 | )
Depreciation |  |  | (165,336 | ) |  |  | (131,437 | )
Accrued expenses |  |  | 74,801 |  |  |  | 47,184 |
Charity |  |  | 213 |  |  |  | 205 |
Net deferred tax asset |  |  | 9,667,589 |  |  |  | 7,378,431 |
Valuation allowance |  |  | (9,667,589 | ) |  |  | (7,378,431 | )
Net deferred tax asset |  | $ | — |  |  | $ | — |

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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