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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION (BENEFIT)

The components of income tax provision (benefit) for the years ended December 31, 2024 and 2023 are as follows:

 SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION (BENEFIT)

		2024					2023
Current taxes:
Federal		$	—			$	—
State			—				—
Total current taxes			—				—
Deferred tax provision (benefit)			—				—
Income tax provision (benefit)		$	—			$	—

SCHEDULE OF RECONCILIATION OF INCOME TAX (PROVISION) BENEFIT

A reconciliation of the income tax (provision) benefit at the statutory rate of 21% for the years ended December 31, 2024, and 2023 to the Company’s effective tax rate is as follows:

 SCHEDULE OF RECONCILIATION OF INCOME TAX (PROVISION) BENEFIT

		2024				2023
U.S. Statutory tax rate			21.0	%			21.0	%
State taxes, net of Federal benefit			6.0	%			6.0	%
Stock based compensation			—	%			4.3	%
Change in valuation reserve on deferred tax assets			(21.6	)%			(28.8	)%
Contingent consideration for acquisition			—	%			(3.0	)%
Extinguishment of convertible debt			—	%			3.2	%
Other, net			(5.4	)%			(2.7	)%
Income tax (provision) benefit			—	%			—	%

SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED TAX ASSETS (LIABILITIES)

Significant components of the Company’s deferred tax assets (liabilities) as of December 31, 2024 and 2023 are as follows:

 SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED TAX ASSETS (LIABILITIES)

		2024				2023
Deferred tax assets:
Stock-based compensation		$	540,000			$	305,000
Start-up costs			110,000				110,000
Inventory reserves			535,000				1,120,000
Warrant derivative liabilities			—				—
Investment in subsidiaries			185,000				—
Research & development expenses			1,030,000				—
Allowance for doubtful accounts receivable			60,000				50,000
Property, plant and equipment depreciation			90,000				230,000
Deferred revenue			2,340,000				2,535,000
Accrued litigation reserve			985,000				500,000
Accrued expenses			60,000				35,000
Net operating loss carryforward			39,275,000				35,365,000
Research and development tax credit carryforward			1,740,000				1,795,000
State jobs credit carryforward			230,000				230,000
Charitable contributions carryforward			115,000				95,000
Uniform capitalization of inventory costs			15,000				115,000
Total deferred tax assets			47,310,000				42,485,000
Valuation reserve			(46,290,000	)			(41,610,000	)
Total deferred tax assets			1,020,000				875,000
Deferred tax liabilities:
Warrant derivative liabilities			(650,000	)			(455,000	)
Intangible assets			(230,000	)			(265,000	)
Domestic international sales company			(140,000	)			(155,000	)
Total deferred tax liabilities			(1,020,000	)			(875,000	)
Net deferred tax assets (liability)		$	—			$	—

SCHEDULE OF FEDERAL NET OPERATING LOSS CARRY FORWARDS

As of December 31, 2024, the Company had the following Federal net operating loss carry-forwards available to offset future taxable income:

 SCHEDULE OF FEDERAL NET OPERATING LOSS CARRY FORWARDS

		Amount
Tax years generated:
2017 and before		$	49,459,000
2018 and after			109,821,000
Federal net operating loss carry-forwards available		$	159,280,000

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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.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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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-Section 50
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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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-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

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