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

Income Taxes

v3.25.1
Income Taxes - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Federal net operating loss carryforwards $ 10,134,910 $ 8,703,105
State net operating loss carryforwards 166,026 130,413
Stock based compensation 2,108,922 2,665,017
Other deferred tax liabilities (176) (178)
Accrued compensation 240,606 254,637
Operating leases 0 1,973
Total deferred tax assets (liabilities) 13,732,558 12,378,869
Total deferred tax assets 13,732,734 12,379,047
Valuation allowance (13,732,558) (12,378,869)
Total deferred income taxes 0 0
Section 174 research and experimental expenditures    
Deferred tax assets:    
Section 174 research and experimental expenditures $ 1,082,270 $ 623,902