INCOME TAXES (Details - Deferred tax assets and liabilities) - USD ($) |
Sep. 30, 2024 |
Dec. 31, 2023 |
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Deferred tax assets | ||
Net operating losses | $ 23,910,910 | $ 15,468,757 |
Debt basis difference | 0 | 5,121,397 |
Depreciation and amortization | 1,695,242 | 1,701,768 |
Research & development credit | 1,099,535 | 1,099,535 |
Lease liability | 184,753 | 246,704 |
Stock-based compensation | 0 | 3,235,732 |
Inventory | 0 | 152,749 |
Accrued expenses | 98,713 | 66,909 |
Capital loss carryover | 176,949 | 176,950 |
Dealer rebates | 0 | 459,713 |
Vendor settlements and reserves | 452,824 | 0 |
Other | 27,308 | 21,828 |
Total | 27,646,234 | 27,752,042 |
Valuation allowance | (27,389,592) | (27,171,016) |
Net deferred tax asset | 256,642 | 581,026 |
Deferred tax liabilities | ||
Prepaid expenses | (79,992) | (342,421) |
Right-of-use assets | (176,650) | (238,605) |
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 allowance, of deferred tax asset attributable to deductible temporary difference from in-process research and development cost acquired in business combination or from joint venture formation or both. 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. 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 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. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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