Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision (Benefit)

The following summarizes the Company’s income tax provision (benefit):

	For the Years Ended December 31,
	2021			2020
Federal:
Current	$	-		$	-
Deferred		(2,700,372	)		(1,828,584	)
State and local:
Current		-			-
Deferred		(900,124	)		(609,528	)
		(3,600,496	)		(2,438,112	)
Change in valuation allowance		3,600,496			2,438,112
Income tax provision (benefit)	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the U.S. statutory federal income tax rate and the Company’s effective tax rate for the year’s ended December 31, 2021 and 2020 is as follows:

	For the Years Ended December 31,
	2021			2020
Tax benefit at federal statutory rate		(21.0)	%		(21.0)	%
State taxes, net of federal benefit		(7.0)	%		(7.0)	%
Nondeductible compensation		6.2	%		-
Permanent differences		(0.5	)%		2.0	%
True up adjustments		0.5	%		(0.7)	%
Change in valuation allowance		21.8	%		26.7	%
Effective income tax rate		0.0	%		0.0	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets at December 31, 2021 and 2020 are as follows:

	December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	12,881,729		$	9,811,086
Research and development credit carryforwards		185,680			185,680
Intangible assets		276,184			305,027
Operating lease liability		78,194			159,025
Stock-based compensation		923,540			311,304
Impairment loss		136,612			136,612
Total gross deferred tax assets		14,481,939			10,908,734
Deferred tax liabilities
Operating lease asset		(70,994	)		(151,193	)
Property and equipment		(102,107	)		(49,199	)
Total net deferred tax assets		14,308,838			10,708,342
Less: valuation allowance		(14,308,838	)		(10,708,342	)
Total	$	-		$	-