XML 54 R33.htm IDEA: XBRL DOCUMENT v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes [Abstract]  
Schedule of deferred tax assets
   As of December 31, 
   2022   2021 
U.S. federal tax loss carry–forward  $33,046,546   $12,785,012 
U.S. local tax loss carry–forward   3,109,971    1,204,422 
Equity based compensation-RSUs   1,709,988    1,122,020 
Property and equipment   (768,657)   (1,251,926)
Allowance for bad debt   175,345    
-
 
Unrealized gains and losses on investments   15,566    
-
 
Right of use assets   (1,737,381)   
-
 
Lease liabilities   784,185      
Prepaid rent   
    (998,606)
Total deferred tax assets   36,335,563    12,860,922 
Less: valuation allowance   (36,335,563)   (12,860,922)
Net deferred tax asset  $
   $
 

 

Schedule of net operating loss carry forwards
   Amount   Begins to
expire
 
U.S. federal net operating loss carry–forwards  $157,364,504    Indefinite 
U.S. local net operating loss carry–forwards   157,466,908    2026 

 

   Amount   Begins to
expire
 
U.S. federal net operating loss carry–forwards  $60,881,008    Indefinite 
U.S. local net operating loss carry–forwards   60,983,412    2026 

 

Schedule of statutory rate to the reported provision for income taxes
   For the Years Ended
December 31,
 
   2022   2021 
Expected Federal Tax   (21.0)%   (21.0)%
Local Tax (Net of Federal Benefit)   (2.0)   (2.0)
Business Combination Expenses   
-
    (0.3)
Non-controlling interest   (0.1)   (0.1)
Extinguishment of Debt   1.8    (0.1)
Compensation limitation    0.7     - 
Change in fair value of warrant liabilities   (4.7)   11.9 
True up of prior year deferred tax assets   (25.6)   
-
 
Change in valuation allowance   50.9    11.6 
Effective rate of income tax   
-
%   
-
%