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Income Tax (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of company’s deferred tax assets

		As of December 31,
		2022				2021
Deferred tax assets:
Net operating losses		$	3,043,585			$	1,791,043
Tax credits			190,489				3,659
Intangible assets			66,716				68,564
Capitalized R&D expenses			1,018,165				-
Fixed assets			37,580				-
Other			272,106				97,945
Total deferred tax assets			4,628,641				1,961,211
Valuation allowance			(4,628,641	)			(1,934,351	)
Net deferred tax assets		$	-			$	26,860
Deferred tax liabilities:
Fixed assets			-				(26,860	)
Net deferred tax assets		$	-			$	(26,860	)

Schedule of statutory tax rates and the effective tax rates

		Year Ended December 31,
		2022				2021
Federal statutory rate			21.00	%			21.00	%
State income taxes, net of federal benefit and tax credits			6.86	%			5.41	%
Change in valuation allowance			(29.06	)%			(25.88	)%
Permanent differences			1.20	%			(0.53	)%
Effective tax rate			0.00	%			0.00	%

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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 https://asc.fasb.org/extlink&oid=121826272&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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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