Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019.

	Years Ended December 31,
	2020		2019
Federal tax provision (benefit) rate	(21.0)	%	(21.0)	%
State tax provision, net of federal provision	(4.6)		19.9
Permanent items	5.9		1.1
Federal research and development credits	—		—
382 Limitation - NOL and tax credits	(1.9)		861.5
Other	(0.3)		—
Change in statutory tax rate	—		—
Valuation allowance	21.9		(861.5)
Effective income tax rate	—		—

Schedule of Deferred Tax Assets

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

	December 31,
	2020		2019
Deferred tax assets:
Net operating loss carryforwards	$	2,211,161	$	1,592,993
Research and development credit carryforwards	43,667		—
Accrued expenses	112,995		96,030
Inventory reserve	311,639		306,855
Stock-based compensation	245,988		222,420
Right of use asset	290,268		—
Other	—		(9,455)
Total gross deferred tax assets	3,215,718		2,208,843
Valuation allowance	(3,012,513)		(2,208,843)
Deferred tax liabilities:
Lease liability	$	(189,498)	$	—
Other	$	(13,707)	$	—
Net deferred tax assets	$	—	$	—