Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
SCHEDULE OF EFFECTIVE INCOME TAX RATES RECONCILIATION

    2023     2022  
Tax benefit at U.S. statutory rate   $ (922,556 )   $ (1,151,071 )
State taxes, net of federal benefit     -       -  
Stock based compensation     178,984       423,597  
Meals & Entertainment     292       -  
Gain on extinguishment of liabilities     91,280       (11,399 )
Other permanent differences     (78,372 )     592,659  
Change in valuation allowance     730,372       146,214  
Total income tax expenses   $ -     $ -  
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and liabilities for the years ended December 31, 2023 and 2022 consisted of the following:

 

    2023     2022  
Net operating loss carry-forward   $ 3,605,912     $ 3,204,894  
Accrued expenses     -       -  
Stock based compensation     211,162       58,106  
Section 174 R&D expenses     369,533       193,236  
Charitable contribution     221       221  
Net deferred tax assets     4,186,828       3,456,457  
Valuation allowance     (4,186,828 )     (3,456,457 )
Total net deferred tax asset   $ —     $ —