Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Schedule of Components of Income Tax Expense (Benefit)

	2023		2022
Current tax provision	$	—	$	—
Deferred tax benefit		17,764		—
Total tax benefit	$	17,764	$	—

Schedule of Effective Income Tax Rate Reconciliation

	2023			2022
Federal statutory rate		21	%		21	%
State income tax rate, net of federal benefit		1	%		3	%
Permanent differences	4		%	—		%
Change in valuation allowance	(26		%)	(24		%)
	—		%	—		%

Schedule of Deferred Tax Assets and Liabilities

	2023			2022
Deferred tax assets:
Net operating loss carry forward	$	38,860,119		$	36,506,618
Intangible assets		1,011,900			543,000
Accrued liabilities		541,200			287,600
Deferred rent		19,200			3,000
Allowance for doubtful accounts		461,000			403,800
Stock compensation expense		587,900			869,900
Unrecognized Income/Loss		—			122,100
Other		403,500			373,100
Subtotal		41,884,819			39,109,118
Less valuation allowance		(40,619,657	)		(37,976,018	)
Total		1,265,162			1,133,100
Deferred tax liabilities:
Intangible assets and property and equipment		826,300			1,242,200
Other		528,100			(2,100	)
Total		1,354,400			1,240,100
Net deferred tax liabilities	$	(89,238	)	$	(107,000	)