Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Deferred Tax Liabilities

Significant items making up the deferred tax assets and deferred tax liabilities as of December 31, 2023 and 2022 are as follows:

    2023     2022  
Long term deferred taxes:                
Inventory reserve   $ 300,254     $ 268,548  
Other accruals     1,170,640       99,362  
Other    

89,474

       15,715  
Non-cash, stock-based compensation, nonqualified     2,533,983       872,967  
Impairments     167,656       104,609  
Operating loss carry forwards and tax credits     36,324,508       31,026,899  
Less: valuation allowance     (40,586,515 )     (32,388,100 )
Total net deferred tax assets   $ -     $ -  
Schedule of U.S. Federal Statutory Tax Rate to Effective Income Tax Rate

The following table reconciles the U.S. Federal statutory tax rate to the Company’s effective tax rate:

 

    2023     2022  
Statutory U.S. Federal tax rate     21 %     21 %
Permanent differences     (0 )     (0 )
State tax expense     (0 )     (0 )
Refundable AMT and R&D tax credit     (0 )     (0 )
Valuation allowance     (21 )     (21 )
Effective tax rate     0 %     0 %