Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 1)

v3.24.1
INCOME TAXES (Details 1) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets    
Net operating losses $ 15,468,757 $ 9,106,430
Debt basis difference 5,121,397 0
Depreciation and amortization 1,701,768 1,502,868
Research & development credit 1,099,535 1,308,956
Lease liability 246,704 322,167
Stock-based compensation 3,235,732 3,103,037
Inventory 152,749 1,290,968
Accrued expenses 66,909 233,284
Capital loss carryover 176,950 261,922
Dealer rebates 459,713 161,469
Other 21,828 15,605
Total 27,752,042 17,306,705
Valuation allowance (27,171,016) (16,661,612)
Net deferred tax asset 581,026 645,093
Deferred tax liabilities    
Prepaid expenses (342,421) (328,836)
Right-of-use assets (238,605) (316,257)
Total net deferred taxes Deferred tax liabilities $ 0 $ 0