Annual report [Section 13 and 15(d), not S-K Item 405]

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details)

v3.25.1
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Fixed assets $ 3,709,975 $ 3,377,201
Stock compensation 192,483 267,236
Warrant liability gain/loss 38,202 1,356,828
Net operating losses 25,424,520 15,627,776
Business credit carryforward 1,441,159 1,441,159
Capitalized R & D 467,113 614,299
Accrued expenses 496,060 0
Other assets 266,367 199,680
Subtotal 32,035,879 22,884,179
Valuation allowance (31,805,983) (22,654,106)
Total deferred tax assets 229,896 230,073
Deferred tax liabilities:    
Unrealized F/X 0 (54,729)
Other liabilities (229,896) (175,344)
Total deferred tax liabilities (229,896) (230,073)
Net deferred tax assets/(liabilities) $ 0 $ 0