INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAXES

Schedule of reconciliation of the statutory federal income tax

	2023		Rate		2022		Rate
Federal tax benefit as statutory rates	$	(72,044)	21.0	%	$	(59,305)	(21.0)	%
Stock based compensation		4,073	(1.2)			731	0.2
Other permanent differences		57	—			77	—
Research and development credit		—	—			—	—
Other		(4,515)	1.3			(1,947)	(0.7)
Rate difference		(8,250)	2.4			—	—
State & local taxes		(15,936)	4.6			(672)	(0.1)
Change in valuation allowance		96,615	(28.2)			61,115	21.64
Total tax benefit	$	—	—	%	$	—	—	%

Schedule of deferred tax assets

	2023		2022
Deferred tax assets:
Share based compensation	$	1,391	$	2,831
Intangible and other assets		—		745
Inventory		11,059		—
Fixed Assets		—		19,193
Capitalized research and development		20,271	—	13,292
Accruals and other reserves		9,914		7,514
Net operating losses		233,493		135,948
Total deferred tax assets		276,128		179,523
Valuation allowance		(276,128)		(179,523)
Total deferred tax assets, net of valuation allowance	$	—	$	—