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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Taxes  
Schedule of Net Loss Before Taxes

For the years ended December 31,

    

2023

    

2022

U.S.

$

(4,433,956)

$

(7,911,970)

Non-U.S.

 

(3,217,171)

 

(4,158,494)

Net loss before taxes

$

(7,651,127)

$

(12,070,464)

Schedule of Components of Income Tax Expense

For the years ended December 31,

    

2023

    

2022

Current:

U.S. Federal

$

$

U.S. State

 

2,425

 

5,166

Non-U.S.

(15,910)

15,910

$

(13,485)

$

21,076

Deferred:

U.S. Federal

$

$

U.S. State

Non-U.S.

$

$

Total income tax benefit (expense)

$

(13,485)

$

21,076

Schedule of Reconciliation of the Federal Income Tax Rate

    

For the years ended December 31,

    

2023

    

2022

Expected tax provision (benefit) at U.S. federal statutory rate

$

(1,606,737)

$

(2,534,797)

State income taxes, net of federal benefit

 

1,560

 

4,081

Foreign tax rate differential

 

(400,110)

 

(494,278)

Change in valuation allowance

 

1,869,814

 

3,146,272

Stock compensation

296,887

19,730

Credits

(181,270)

(158,085)

Prior year deferred tax adjustments

(84,169)

Other

 

90,540

 

38,153

Total provision (benefit) for income taxes

$

(13,485)

$

21,076

Schedule of Net Deferred Tax Assets (Liability)

As of December 31,

    

2023

    

2022

Deferred Tax Assets:

 

  

 

  

Net operating losses

$

8,330,939

$

7,082,125

Section 174

943,401

463,749

Tax credits

 

516,330

 

335,060

Equity compensation

 

1,476,296

 

1,660,684

Lease liability

3,934

12,292

Other - accruals

17,448

4,937

Other

 

36,431

 

14,634

Total Deferred Tax Assets

 

11,324,779

 

9,573,481

Deferred Tax Liabilities:

 

 

Capitalized internal-use software, net

 

(88,041)

 

(198,051)

Right-of-use asset

(3,787)

(12,082)

Total Deferred Tax Liabilities

 

(91,828)

 

(210,133)

Net Deferred Tax Assets

 

11,232,951

 

9,363,348

Valuation allowance

 

(11,232,951)

 

(9,363,348)

Deferred Tax Assets, Net

$

$