Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.23.1
INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets and liabilities
             
   

March 31,

2023

   

December 31,

2022

 
Deferred tax assets                
Net operating losses   $ 10,206,155     $ 9,106,430  
Depreciation and intangible assets     1,763,042       1,502,868  
Research & development credit     1,457,766       1,308,956  
Lease liability     304,100       322,167  
Inventory     1,283,975        1,290,968  
Stock-based compensation     3,196,761       3,103,037  
Accrued expenses     416,063       233,284  
Capital loss carryover     276,522       261,922  
Other     11,962       177,074  
Total     18,916,346       17,306,705  
Valuation allowance     (18,223,498 )     (16,661,612 )
Net deferred tax asset     692,848       645,093  
Deferred tax liabilities                
Prepaid expenses     (395,503     (328,836 )
Right-of-use assets     (297,345 )     (316,257 )
Total net deferred taxes deferred tax liabilities   $     $