Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Tax Reconcilation

The difference between the tax benefit derived by applying the Federal statutory income tax rate to net losses and the benefit recognized in the consolidated financial statements is as follows:

	December 31, 2020			December 31, 2019
Benefit derived by applying the Federal statutory income rate to net losses before income taxes	$	(2,260,323	)	$	(1,819,586	)
State Tax Provision		(379,115	)		9,728
Permanent differences and other		(101,870	)		(297,702	)
Expense attributable to change in valuation allowances		2,741,308			2,107,559
	$	—		$	—

Schedule of Deferred Tax

Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial accounting purposes and the amounts used for income tax reporting. Significant components of the Company’s net deferred tax assets are as follows:

	December 31, 2020			December 31, 2019
Deferred Tax Assets:
Net Operating Losses	$	4,346,179		$	2,117,530
Intangible Assets		65,759			24,937
Nonqualified Stock Options		1,435,982			989,201
Lease Liability		275,339			—
Basis of Property and Equipment		108,918			119,179
Other		28,686			—
Deferred Tax Assets:	$	6,260,863		$	3,250,847
Deferred Tax (Liabilities):
ROU Asset		(268,708	)	$	—
Deferred Tax (Liabilities):		(268,708	)		—
Valuation allowance		5,992,155			3,250,847
Net deferred tax asset/(liability)	$	—		$	—