INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory tax rate and the effective tax rates for the year ended December 31, 2023 and 2022 is as follows:

	December 31
	2023		2022
Federal Tax at Statutory Rate	21.00	%	21.00	%
Permanent	(0.89)	%	(6.25)	%
Change in Valuation Allowance	(22.77)	%	(21.73)	%
True Ups	—	%	(0.06)	%
R&D Credit	2.66	%	7.04	%
Effective Tax Rate	—	%	—	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets were as follows:

	December 31
	2023		2022
Capitalized R&D Expenses	$	5,610,221	$	5,199,721
Other Deferred Items	44,193		145,935
Stock Compensation	455,192		484,205
Net Operating Loss - US	6,161,916		3,919,323
R&D Credits	3,627,377		3,293,572
Net deferred tax assets	15,898,899		13,042,756
Valuation Allowance	(15,898,899)		(13,042,756)
Net deferred tax assets (liabilities)	$	—	$	—