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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes  
Schedule of components of net loss

 

 

December 31, 2022

 

 

December 31, 2021

 

Components of Net Operating Loss

 

 

 

 

 

 

United States

 

 

(5,946,000)

 

 

(2,933,000)

Taiwan

 

 

(8,061,000)

 

 

(956,000)

  Total

 

 

(14,007,000)

 

 

(3,889,000)
Schedule of income tax expense benefit

 

 

December 31, 2022

 

 

December 31, 2021

 

Components of the Provision (Benefit) for Income Taxes

 

 

 

 

 

 

Current - Federal and State

 

 

0

 

 

 

0

 

Deferred - Federal

 

 

2,837,000

 

 

 

13,000

 

Deferred - State

 

 

0

 

 

 

0

 

  Total

 

 

2,837,000

 

 

 

13,000

 

Change in Valuation Allowance

 

 

(2,837,000)

 

 

(13,000)

  Income Tax Expense

 

 

0

 

 

 

0

 

Deferred tax assets and liabilities

 

 

December 31, 2022

 

 

December 31, 2021

 

Deferred Tax Assets (Liabilities)

 

 

 

 

 

 

Net Operating Loss Carryover

 

 

6,480,000

 

 

 

4,357,000

 

Share-Based Compensation

 

 

109,000

 

 

 

4,000

 

Research and Development Expenses

 

 

187,000

 

 

 

0

 

Depreciation and Allowance

 

 

606,000

 

 

 

243,000

 

Others

 

 

60,000

 

 

 

0

 

Valuation Allowance

 

 

(7,442,000)

 

 

(4,605,000)

  Total

 

 

0

 

 

 

0

 

Schedule of reconciliation of the statutory tax rate to the effective tax rate

 

 

December 31, 2022

 

 

December 31, 2021

 

Reconciliation of Statutory Tax Rate to Effective Tax Rate

 

 

 

 

 

 

Statutory Federal Income Tax Rate

 

 

21%

 

 

21%

Change in Valuation Allowance

 

 

(21)%

 

 

(21)%

  Effective Income Tax Rate

 

 

0%

 

 

0%