Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Reconciliation of Effective Income Tax Rate to Statutory Federal Rate

The Company’s effective income tax rate differs from the statutory federal income tax rate as follows for the years ended December 31, 2019 and 2018.

	Years Ended December 31,
	2019		2018
Federal tax provision (benefit) rate	(21.0	)%	(21.0	)%
State tax provision, net of federal provision	19.9		(19.6	)
Permanent items	1.1		(315.0	)
Federal research and development credits	—		659.2
382 Limitation - NOL and tax credits	861.5		—
Change in statutory tax rate	—		—
Valuation allowance	(861.5	)	(303.6	)
Effective income tax rate	—		—

Schedule of Deferred Tax Assets

The Company’s deferred tax assets consist of the following:

	December 31,
	2019			2018
Deferred tax assets:
Net operating loss carryforwards	$	1,592,993		$	31,239,750
Research and development credit carryforwards	—			2,599,358
Accrued expenses	96,030			965,191
Inventory reserve	306,855			—
Stock-based compensation	222,420			227,843
Other	(9,455		)	9,158
Total gross deferred tax assets	2,208,843			35,041,300
Valuation allowance	(2,208,843		)	(35,041,300		)
Net deferred tax assets	$	—		$	—