Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.21.2
INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets and liabilities
               
    September 30, 2021     December 31, 2020  
Deferred tax assets                
Net operating losses   $ 2,634,433     $ 242,000  
Depreciation and amortization     28,481       –  
Research & development credit     54,571       –  
Lease liability     481,554       –  
Stock-based compensation     2,858,033       –  
Accrued expenses     32,417       –  
Other     336       –  
Total     6,089,825       242,000  
Valuation allowance     (5,607,482 )     (242,000 )
Net deferred tax asset     (482,343 )     –  
Deferred tax liabilities                
Right of use assets     (482,343 )     –  
Net Deferred tax liabilities   $ –     $ –