Annual report pursuant to Section 13 and 15(d)

Schedule of Deferred Tax Assets and Liabilities (Details)

v3.23.1
Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]    
Net operating loss carry forward – Federal $ 5,048,175 $ 2,615,518
Net operating loss carry forward – State 1,431,839 760,897
Stock compensation expense 2,590,890 593,365
Depreciation and other 976 13,200
Purchased in-process R&D 2,494,829 2,481,070
Federal orphan drug credits 1,046,539 791,151
Capitalized research and development costs 1,929,462
Start-up expenditures and amortization 1,978,418
Total non-current deferred tax assets 14,542,710 9,233,619
Valuation allowance for deferred tax assets (14,542,710) (7,087,999)
Total deferred tax assets 2,145,620
Intangible asset (2,145,620)
Total non-current deferred tax liabilities (2,145,620)
Total deferred tax asset (liability)