Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.4
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Effective tax rate differs from the statutory federal tax rate as presented
    2020     2019  
U.S. federal statutory tax rate     21 %     21 %
Permanent differences     1 %     (1 )%
Valuation allowance     (22 )%     (20 )%
                 
Total:     - %     - %
Schedule of Effect of the temporary differences that give rise to the significant portions of the deferred tax assets and liabilities
    December 31,  
    2020     2019  
Deferred tax assets            
Depreciation   $ -     $ 502  
Research and development credits     180,889       93,102  
Stock-based compensation     257,941       24,695  
Net operating loss carryforwards     2,417,169       1,366,040  
Deferred tax asset     2,855,999       1,484,340  
                 
Less: valuation allowance     (2,849,762 )     (1,484,340 )
Net deferred tax asset     6,237       -  
                 
Deferred tax liabilities                
Fixed assets     (6,237 )     -  
Net deferred tax assets   $ -     $ -