Loss Per Share (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
| Net loss per common share |
|
| Schedule of Basic and Diluted Net Income Loss Per Share |
The
following table sets forth the computation of basic and diluted net loss per share:
Schedule
of Basic and Diluted Net Income Loss Per Share
| | |
| | |
| |
| | |
Year
ended December 31, 2022 | |
| | |
2023 | | |
2022 | |
| | |
| | |
| |
| Comprehensive
net loss attributable to stockholders | |
$ | (25,537,315 | ) | |
$ | (59,999,072 | ) |
| | |
| | | |
| | |
| Weighted average common shares
outstanding | |
| | | |
| | |
| Basic
and diluted | |
| 2,596,493 | | |
| 2,522,175 | |
| | |
| | | |
| | |
| Net loss per common share | |
| | | |
| | |
| Basic
and diluted | |
$ | (9.84 | ) | |
$ | (23.79 | ) |
|
| Schedule of Pre-tax Income (Loss) by Jurisdiction |
The
Company’s pre-tax income (loss) by jurisdiction was as follows for the years ending December 31, 2023 and December 31, 2022:
Schedule
of Pre-tax Income (Loss) by Jurisdiction
| | |
2023 | | |
2022 | |
| | |
Year ended December 31, 2022 | |
| | |
2023 | | |
2022 | |
| | |
| | |
| |
| Domestic | |
$ | (25,683,200 | ) | |
$ | (13,525,998 | ) |
| Foreign | |
| 3,545 | | |
| (1,899,580 | ) |
| Total | |
| (25,679,655 | ) | |
| (15,425,578 | ) |
|
| Schedule of Income Tax for Continuing Operations |
The
provision for income taxes for continuing operations for the year ended December 31, 2023 and 2022 consist of the following
Schedule of Income Tax for
Continuing Operations
| | |
2023 | | |
2022 | |
| | |
Year ended December 31, 2022 | |
| | |
2023 | | |
2022 | |
| Current Income Taxes | |
| | | |
| | |
| Federal | |
$ | 0 | | |
$ | 0 | |
| State | |
| 60,000 | | |
| 23,364 | |
| Foreign | |
| 0 | | |
| 0 | |
| Total current income taxes | |
| 60,000 | | |
| 23,364 | |
| | |
| | | |
| | |
| Deferred Income Taxes | |
| | | |
| | |
| Federal | |
| - | | |
| - | |
| State | |
| - | | |
| - | |
| Foreign | |
| - | | |
| - | |
| Total deferred income taxes | |
| - | | |
| - | |
| Total Income Tax Expense (benefit) | |
$ | 60,000 | | |
$ | 23,364 | |
|
| Schedule of Increase in the Valuation Allowance |
Schedule
of Increase in the Valuation Allowance
| | |
2023 | | |
2022 | |
| | |
Year ended December 31, 2022 | |
| | |
2023 | | |
2022 | |
| | |
| | |
| |
| Tax Expense at statutory federal rate of 21% | |
$ | (5,392,727 | ) | |
$ | (3,239,371 | ) |
| State income taxes, net of federal income tax benefit | |
| 60,000 | | |
| 23,364 | |
| Foreign Rate Differential | |
| 318 | | |
| - | |
| Permanent Differences | |
| 1,203,361 | | |
| 37,919 | |
| Other - Misc. | |
| | | |
| | |
| Change in Valuation Allowance | |
| 4,189,048 | | |
| 3,201,452 | |
| Income tax expense (benefit) | |
| 60,000 | | |
| 23,364 | |
|
| Schedule of Deferred Tax Assets and Liabilities |
Schedule of Deferred Tax Assets
and Liabilities
| | |
2023 | | |
2022 | |
| Long-term deferred tax assets: | |
| | | |
| | |
| Federal Net Operating Loss Carryforwards | |
$ | 36,378,116 | | |
$ | 20,145,126 | |
| Intangible Assets | |
| 1,492,426 | | |
| (861,317 | ) |
| Accrued Compensation & Benefits | |
| 863,049 | | |
| - | |
| Foreign Net Operating Loss Carryforwards | |
| 773,134 | | |
| - | |
| Stock Compensation | |
| - | | |
| - | |
| State Net Operating Loss Carryforwards | |
| - | | |
| - | |
| Other | |
| 19,540 | | |
| 19,540 | |
| Total deferred tax assets before valuation allowance | |
| 39,526,265 | | |
| 19,303,349 | |
| | |
| - | | |
| - | |
| Deferred tax liabilities: | |
| - | | |
| - | |
| Fixed Assets | |
| 316 | | |
| (46,035 | ) |
| Intangible Assets | |
| - | | |
| - | |
| Total deferred tax liabilities | |
| 316 | | |
| (46,035 | ) |
| | |
| | | |
| | |
| Valuation Allowance | |
| (39,525,949 | ) | |
| (29,260,143 | ) |
| Net deferred tax assets and liabilities | |
$ | - | | |
$ | - | |
|