Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.23.2
INCOME TAXES (Tables)
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets and liabilities
               
   

June 30,

2023

    

December 31,

2022

  
Deferred tax assets                
Net operating losses   $ 10,499,611     $ 9,106,430  
Depreciation and intangible assets     1,745,020       1,502,868  
Research & development credit     1,457,766       1,308,956  
Lease liability     285,550       322,167  
Inventory     1,253,237       1,290,968  
Stock-based compensation     3,202,130       3,103,037  
Accrued expenses     284,550       233,284  
Capital loss carryover     276,522       261,922  
Other     25,966       177,074  
Total     19,030,354       17,306,705  
Valuation allowance     (18,276,890 )     (16,661,612 )
Net deferred tax asset     753,464       645,093  
Deferred tax liabilities                
Prepaid expenses     (475,358 )     (328,836 )
Right-of-use assets     (278,106 )     (316,257 )
Total net deferred taxes deferred tax liabilities   $ –     $ –