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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of federal income tax benefit

		2020				2019
Federal income tax benefit (expense) attributable to:
Current operations		$	463,000			$	848,000
Acquisition costs			-				(143,000	)
Change in fair value of contingent consideration			(29,000	)			(133,000	)
Other permanent items			200,000				29,000
Deferred adjustment			(913,000	)			(913,000	)
Other adjustments			104,000				-
NOLs expiring			(209,000	)			-
Valuation allowance			(529,000	)			1,209,960
Net provision for federal income tax		$	-			$	897,960

		2020				2019
Current tax benefit (expense) - Federal		$	-			$	-
Deferred tax benefit (expense) - Federal			-				-
Adjustment of valuation allowance from business combination			-				897,960
Total tax benefit (expense) on income		$	-			$	897,960

Schedule of deferred tax assets

		2020				2019
Deferred tax asset attributable to:
Net operating loss carryover		$	4,057,000			$	3,839,000
Stock compensation			353,000				320,000
Operating lease liability			94,000				-
Other			44,000				36,000
Deferred tax asset		$	4,548,000			$	4,195,000
Deferred tax liabilities attributable to:
Fixed assets		$	-			$	(13,000	)
Intangibles			(2,181,000	)			(2,438,000	)
Operating lease right of use assets			(94,000	)			-
Other			(16,000	)			(16,000	)
Deferred tax liability		$	(2,291,000	)		$	(2,467,000	)
Valuation allowance		$	(2,257,000	)		$	(1,728,000	)
Net deferred tax asset		$	-			$	-

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- References

No definition available.

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- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

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
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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