Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
SCHEDULE OF EFFECTIVE INCOME TAX RATES RECONCILIATION

    2021     2020  
Tax benefit at U.S. statutory rate   $ (2,515,184 )   $ (1,021,163 )
State taxes, net of federal benefit     (89,264 )     (260,154 )
Stock based compensation    

1,875,514

          
Change in fair value of convertible bridge notes and derivatives     -       792,877  
PPP loan forgiveness     (30,018 )     -
Gain on extinguishment of liabilities     238,260       -  
Other permanent differences     -       60,941  
Change in valuation allowance    

520,692

       427,499  
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, 2021 and 2020 consisted of the following:

 

    2021     2020  
Net operating loss carry-forward   $

3,073,065

     $ 2,657,931  
Accrued expenses    

166,783

       80,676  
Stock based compensation    

70,128

       50,944  
Charitable contribution     267       -  
Net deferred tax assets    

3,310,243

       2,789,552  
Valuation allowance     (3,310,243 )     (2,789,552 )
Total net deferred tax asset   $ —     $ —