Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes.

Schedule of Reconciliation of Effective Tax Rate to Statutory Federal Rate

A reconciliation of the statutory U.S. federal income tax rate to the Company’s effective tax rate consist of the following:

	For the Years
	Ended
	December 31,
	2020		2019
Statutory federal income tax benefit	(21.00)	%	(21.00)	%
Permanent items	(0.04)	%	0.01	%
Foreign rate differential	0.01	%	(0.02)	%
State taxes, net of federal tax benefit	(1.74)	%	0.60	%
Change in valuation allowance	23.01	%	22.23	%
R&D credit	(0.24)	%	(1.90)	%
Other	—	%	0.07	%
Effective tax rate	—	%	—	%

Schedule of Components of Income Tax Provision (Benefit)

The components of income tax provision (benefit) are as follows:

	As of December 31,
	2020		2019
Federal:
Current	$	—	$	—
Deferred		(11,015,759)		(1,496,712)
State and Local:
Current		—		—
Deferred		(900,789)		39,574
Foreign:
Current		—		—
Deferred		2,867		(8,412)
Change in valuation allowance		11,913,681		1,465,550
Total	$	—	$	—

Schedule of Deferred Tax Assets and Liabilities

	As of December 31,
	2020		2019
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	8,243,959	$	6,943,988
Convertible notes payable discount and embedded derivative		—		101,521
Common stock warrants		1,405,796		179,271
Israel net operating loss carryforwards		128,469		131,336
Founder share options		469,062		472,195
Stock-based compensation		681,446		497,315
Settlement liability		9,005,860		—
Bonus accrual		120,995		—
Other		58,721		—
R&D credit		375,000		250,000
		20,489,308		8,575,626
Valuation allowance		(20,489,308)		(8,575,626)
Deferred tax assets, net of allowance	$	—	$	—