v3.25.1
INCOME TAX (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation A reconciliation of the federal statutory tax rate and the effective tax rates for the year ended December 31, 2024 and 2023 is as follows:
December 31
20242023
Federal Tax at Statutory Rate21.00 %21.00 %
Permanent(0.83)%(0.89)%
Change in Valuation Allowance(21.51)%(22.77)%
True Ups— %— %
R&D Credit1.34 %2.66 %
Effective Tax Rate— %— %
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets were as follows:
December 31
20242023
Capitalized R&D Expenses$4,565,699 $5,610,221 
Other Deferred Items43,982 44,193 
Stock Compensation437,328 455,192 
Net Operating Loss - US8,349,314 6,161,916 
R&D Credits3,701,895 3,627,377 
Net deferred tax assets 17,098,218 15,898,899 
Valuation Allowance
(17,098,218)(15,898,899)
Net deferred tax assets (liabilities)$— $—