Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.23.3
INCOME TAXES (Tables)
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets and liabilities
           
   

September 30,

2023

    

December 31,

2022

  
Deferred tax assets                
Net operating losses   $ 12,016,943     $ 9,106,430  
Depreciation and intangible assets     1,770,632       1,502,868  
Debt basis difference     5,029,077       –  
Research & development credit     1,457,768       1,308,956  
Lease liability     266,483       322,167  
Inventory     1,249,375       1,290,968  
Stock-based compensation     3,259,583       3,103,037  
Accrued expenses     154,650       233,284  
Capital loss carryover     276,522       261,922  
Other     222,062       177,074  
Total     25,703,095       17,306,705  
Valuation allowance     (25,244,039 )     (16,661,612 )
Net deferred tax asset     459,056       645,093  
Deferred tax liabilities                
Prepaid expenses     (200,526 )     (328,836 )
Right-of-use assets     (258,530 )     (316,257 )
Total net deferred taxes deferred tax liabilities   $ –     $ –