INCOME TAXES (Details 1) - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
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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 |
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible capital loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from in-process research and development costs expensed in connection with a business combination. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from property, plant, and equipment. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from provisions, reserves, allowances, and accruals, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred tax consequences attributable to taxable temporary differences derived from prepaid expenses. No definition available.
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