INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF EARNING (LOSS) BEFORE INCOME TAX

The Company’s U.S. and foreign loss before income taxes are set forth below:

	December 31,
	2023			2022
United States	$	(10,205,116	)	$	(7,251,228	)
Foreign		(7,057,703	)		(12,706,165	)
Total	$	(17,262,819	)	$	(19,957,393	)

SCHEDULE OF INCOME TAX EXPENSE BENEFITS

	December 31,
Current:	2023			2022
Federal	$	—		$	—
State		(28,913	)		—
Foreign		—		$	—
	$	(28,913	)	$	—
Deferred:
Federal	$	—		$	—
State		—			—
Foreign		—			1,486,060
	$	—		$	1,486,060
Total income tax (expense) benefit	$	(28,913	)	$	1,486,060

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company’s deferred tax assets and deferred tax liabilities consist of the following:

	December 31,
	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	10,889,863		$	8,927,330
Stock-based compensation		1,185,399			1,348,928
Research and development capitalized expenses		611,245			614,041
Intangible amortization		80,518			54,141
Other		70,730			33,453
Less valuation allowances		(12,837,755	)		(10,977,893	)
Net deferred tax assets	$	—		$	—

SCHEDULE OF OPERATING LOSS CARRY FORWARDS

The Company had the following potentially utilizable net operating loss tax carryforwards:

	December 31,
	2023		2022
Federal	$	24,268,692	$	18,349,753
State	$	11,220,065	$	16,892,754
Foreign	$	17,672,420	$	16,377,435

SCHEDULE OF EFFECTIVE STATUTORY INCOME TAX RATE

The Company’s effective tax rate varied from the statutory rate as follows:

	December 31,
	2023			2022
Federal income tax at the statutory rate		(21.0	)%		(21.0	)%
State income tax rate (net of federal)		(1.2	)%		(2.6	)%
Foreign tax rate differential		(3.0	)%		(3.1	)%
Non-deductible expenses		1.4	%		(4.0	)%
Deferred true-up		13.2	%		—	%
Change in valuation allowance		10.8	%		23.3	%
Effective income tax rate		0.2	%		(7.4	)%