INCOME TAXES - Deferred tax assets (Details) - USD ($) |
Dec. 31, 2022 |
Dec. 31, 2021 |
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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) |
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- Definition Amount of deferred tax assets attributable to taxable temporary differences from research and development costs. No definition available.
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- Definition Amount of deferred tax assets tax credit carry forwards domestic research and development. No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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