v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of components of net loss before income taxes

  ​ ​ ​

2025

  ​ ​ ​

2024

United States

$

(12,095,765)

$

(12,682,008)

Foreign

 

(95,922)

 

(128,109)

Net loss before income tax expense-continuing operations

$

(12,191,687)

$

(12,810,117)

Schedule of components of income tax benefit

  ​ ​ ​

2025

  ​ ​ ​

2024

Current:

 

  ​

 

  ​

Federal

$

$

1,516,061

State

 

 

484,418

Foreign

 

 

Total current

 

 

2,000,479

Deferred:

 

  ​

 

  ​

Federal

 

2,337,425

 

1,147,228

State

 

(1,338,552)

 

366,567

Foreign

 

27,166

 

Total deferred

 

1,026,039

 

1,513,795

Total current and deferred

 

1,026,039

 

3,521,274

Less: change in valuation

 

(1,026,039)

 

(3,521,274)

Total income tax benefit

$

$

Schedule of reconciliation of the statutory federal income tax rate to the Company's effective tax rate

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Tax at federal statutory rate

 

21.00

%  

21.00

%

Tax at state statutory rate, net of federal tax effect

 

6.26

%  

6.71

%

Provision to return true ups

 

1.97

%  

0.00

%

Rate change

 

-15.88

%  

0.00

%

Nondeductible Expense

 

-4.98

%  

  ​

Other

 

0.05

%  

0.00

%

Change in valuation allowance

 

-8.42

%  

-27.71

%

 

0.00

%  

0.00

%

Schedule of deferred tax assets (liabilities)

  ​ ​ ​

2025

  ​ ​ ​

2024

Net operating loss carryforwards

$

13,239,806

$

13,337,393

Research and Development expenses

 

4,445,923

 

3,408,168

Share-based compensation

 

479,442

 

309,044

P&E-Book basis, excess of tax basis

 

(48,011)

 

(115,378)

Miscellaneous

 

236,664

 

474,380

Less: valuation allowance

 

(18,353,824)

 

(17,413,607)

Net deferred tax assets (liabilities)

$

$