INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense

	2021		2020
Current:
Federal	$	–	$	(23,298	)
State		10,198		–
Current income tax provision (benefit)		10,198		(23,298	)
Deferred:
Federal		–		917,480
State		–		–
Deferred income tax provision		–		917,480
Income tax provision	$	10,198	$	894,182

Schedule of effective income tax rate reconciliation

	2021			2020
Federal taxes at U.S statutory rate		21.0	%		21.0	%
Stock-based compensation		4.0			14.9
IRC Section 162(m) limitation		(7.4	)		–
Tax credits		4.1			1.3
Other permanent differences		(0.3	)		–
State taxes		0.7			–
Change in state rate		(1.8	)		–
Return-to-provision adjustments		7.5			2.8
Change in valuation allowance		(2.3	)		(56.9	)
Change in carryovers and tax attributes		(25.9	)		6.1
Effective tax rate		(0.4	)%		(10.8	)%

Schedule of deferred tax assets

	2021			2020
Deferred tax assets:
Net operating loss carryforward	$	4,082,474		$	4,261,552
Operating lease obligation		1,079,312			1,016,847
Stock-based compensation		621,460			650,737
Tax credits		526,549			491,261
Capital loss carryforward and other		–			270,551
Other carryforwards		3,603			–
Accrued bonuses		285,336			–
Deferred tax assets, gross		6,598,734			6,690,948
Deferred tax liabilities:
Intangible assets		(651,767	)		(548,149	)
Fixed assets		(111,255	)		(435,218	)
Right-of-use assets		(1,079,507	)		(1,014,606	)
		(1,842,529	)		(1,997,973	)
Less valuation allowance		(4,756,205	)		(4,692,975	)
Deferred tax asset, net	$	–		$	–

Schedule of unrecognized tax benefits

Balance as of December 31, 2019	$	–
Additions for current year		–
Additions for prior year		–
Subtractions for current year		–
Balance as of December 31, 2020		–
Additions for current year		28,041
Additions for prior year		337,324
Subtractions for current year		–
Balance as of December 31, 2021	$	365,365