Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Effective Income Tax Rate

The reconciliation of the U.S. federal statutory rate to the Company’s effective tax rate is as follows:

	Year Ended December 31,
	2021			2020
Tax at statutory rate		21.00	%		21.00	%
State income taxes		4.89	%		5.00	%
Stock-based compensation		(0.13	)%		—
Other		0.02	%		(0.03	)%
Change in valuation allowance		(25.78	)%		(25.97	)%
Effective tax rate		0.00	%		0.00	%

Components of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax asset consist of the following at December 31, 2021 and 2020:

	December 31,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	5,202,047		$	1,826,692
Stock-based compensation		2,272,970			1,836,905
Total deferred tax assets		7,475,017			3,663,597
Deferred tax asset valuation allowance		(7,475,017	)		(3,663,597	)
Net deferred tax asset	$	—		$	—