Deferred Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Taxes [Abstract]

Schedule of Net Deferred Tax Assets and Liabilities

The components of net deferred tax assets and liabilities are as follows:

	December 31,
	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	6,847,158		$	8,563,430
Equity-based instruments		295,746			366,007
Long-lived assets and other		17,202			(46,324	)
Capital loss carryforward		—			97,868
Total deferred tax assets		7,160,106			8,980,981
Deferred tax liabilities:
Intangible assets		(338,428	)		(566,853	)
Total deferred tax liabilities		(338,428	)		(566,853	)
Valuation allowance	$	(6,821,678	)	$	(8,414,128	)
Net deferred tax asset		—			—

Schedule of Reconciliation of Income Tax Provision and the Amounts

A reconciliation of our income tax provision and the amounts computed by applying statutory rates to income before income taxes is as follows:

	December 31,
	2023			2022
Income tax benefit at statutory rate	$	(1,488,439	)	$	(1,946,731	)
State income tax benefit, net of Federal benefit		360,526			—
280E Disallowance		1,751,278			1,834,141
Equity-based instruments		—			14,180
Fair market value adjustment/loss on extinguishment – derivative liabilities		(166	)		65,231
Amortization of debt discount		170,462			376,895
Goodwill and intangible impairment		248,010			573,262
Non-taxable cancellation of debt income		617,200			—
Other		121,427			107,608
Valuation allowance		(1,592,450	)		(819,669	)
	$	187,848		$	204,917