Schedule of components of the income tax benefits, net |
|
|
|
|
|
|
|
|
|
For the Year Ended |
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|
September 30, |
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|
2022 |
|
2021 |
Federal |
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|
|
|
|
|
Current |
|
$ |
— |
|
$ |
— |
Deferred |
|
|
(6,780,606) |
|
|
(7,919,279) |
State and Local |
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|
|
|
|
|
Current |
|
|
— |
|
|
— |
Deferred |
|
|
(2,746,540) |
|
|
(3,015,187) |
Change in valuation allowance |
|
|
9,527,146 |
|
|
10,934,466 |
Income tax provision (benefit) |
|
$ |
— |
|
$ |
— |
|
Schedule of components of our deferred tax assets and liabilities |
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September 30, |
|
|
2022 |
|
2021 |
Deferred tax assets |
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|
|
|
|
|
Net operating loss carryforwards |
|
$ |
22,461,508 |
|
$ |
13,254,067 |
Stock-based compensation |
|
|
4,072,264 |
|
|
3,779,555 |
Amortization |
|
|
2,277,085 |
|
|
2,643,500 |
Service Warrant |
|
|
180,276 |
|
|
147,168 |
Investment |
|
|
263,073 |
|
|
141,098 |
Other |
|
|
50,979 |
|
|
— |
Lease liability |
|
|
1,715,159 |
|
|
66,982 |
Total deferred tax assets |
|
|
31,020,344 |
|
|
20,032,370 |
Deferred tax liabilities |
|
|
|
|
|
|
Depreciation |
|
|
(158,317) |
|
|
(127,449) |
ROU assets |
|
|
(1,635,483) |
|
|
— |
Prepaid expenses |
|
|
— |
|
|
(205,523) |
Total deferred tax liabilities |
|
|
(1,793,800) |
|
|
(332,972) |
Valuation allowance |
|
|
(29,226,544) |
|
|
(19,699,398) |
Net deferred tax assets, net of allowances |
|
$ |
— |
|
$ |
— |
|