v3.23.1
INCOME TAX (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation A reconciliation of the federal statutory tax rate and the effective tax rates for the year ended December 31, 2022 and 2021 is as follows:    
December 31
20222021
Federal Tax at Statutory Rate21.00%21.00%
Permanent(6.25)%(0.69)%
Change in Valuation Allowance(21.73)%(26.13)%
True Ups(0.06)%—%
R&D Credit7.04%5.82%
Effective Tax Rate—%—%
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets were as follows:
December 31
20222021
Capitalized R&D Expenses$5,199,721 $3,002,819 
Other Deferred Items145,935 121,152 
Stock Compensation484,205 50,650 
Net Operating Loss - US3,919,323 1,931,959 
R&D Credits3,293,572 1,068,451 
Net deferred tax assets 13,042,756 6,175,031 
Valuation Allowance
(13,042,756)(6,175,031)
Net deferred tax assets (liabilities)$— $—