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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The foregoing amounts are management’s estimates and the actual results could differ from those estimates. Future profitability in this competitive industry depends on continually obtaining and fulfilling new profitable sales agreements and modifying products. The inability to obtain new profitable contracts could reduce estimates of future profitability, which could affect the Company’s ability to realize the deferred tax assets. Significant components of the Company’s deferred tax assets and liabilities are summarized as follows:

		December 31,				December 31,
		2020				2019
Deferred tax assets:
Net operating loss carry forwards		$	1,431,000			$	1,517,482
Long lived assets			117,000				181,000
Share based payments			6,000				13,000
Allowance for doubtful accounts			107,000				109,000
Other			13,084				15,000
Deferred tax asset			1,674,084				1,835,482
Deferred tax liabilities:
Installment sale			-				(346,000	)
Long lived assets			(173,000	)			(278,000	)
Deferred tax liabilities			(173,000	)			(624,000	)
Net deferred tax asset			1,501,084				1,211,482
Less: Valuation allowance			(462,000	)			(337,000	)
Net deferred tax asset		$	1,039,084				874,482

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the statutory income tax rate to the effective rate is as follows for the period December 31, 2020 and 2019:

		December 31,				December 31,
		2020				2019
Federal income tax rate			21	%			21	%
State income tax, net of federal benefit			7	%			6	%
Permanent items			3	%			-	%
Return to provision for prior year			(7	%)			-	%
Other			(3	%)			(3	%)
Effective income tax rate			21	%			24	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax provision (benefit) from continuing operations:

		Year Ended
		December 31,				December 31,
		2020				2019
Current:
Federal		$	136,083			$	-
State and local			75,910				-
Total current tax provision (benefit)			211,993				-
Deferred:
Federal			(115,221	)			(342,006	)
State and local			(49,381	)			(113,000	)
Total deferred tax provision (benefit)			(164,602	)			(455,006	)
Total provision (benefit)		$	47,391				(455,006	)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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