Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Deferred tax assets (Details)

v3.22.4
INCOME TAXES - Deferred tax assets (Details) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Deferred tax assets    
Federal net operating loss $ 35,958,687 $ 32,696,266
Federal research and development tax credit carryforwards 11,484,209 9,599,756
State net operating losses and tax credit carryforwards 6,186,679 5,305,170
Capitalized research and development expenses 15,820,893 12,089,171
Stock-based compensation expense 3,186,702 2,627,881
Other 443,693 231,586
Total deferred tax assets 73,080,863 62,549,830
Deferred tax liabilities    
Depreciable assets (157,498) (59,961)
Total deferred tax liabilities (157,498) (59,961)
Net deferred tax assets 72,923,365 62,489,869
Less- valuation allowance $ (72,923,365) $ (62,489,869)