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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX EXPENSE

Income tax expense differs from the statutory amounts for each of the following years:

 SCHEDULE OF INCOME TAX EXPENSE

		2020				2019
		For the years ended December 31,
		2020				2019
Income taxes at U.S. statutory rate		$	(17,689,000	)		$	(16,020,000	)
Current year reserve			12,020,000				15,976,000
Expenses not deductible			5,669,000				44,000
Total tax expense		$	-			$	-

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Deferred taxes are provided for the temporary differences between the financial reporting bases and the tax bases of our assets and liabilities. The temporary differences that give rise to deferred tax assets and liabilities were as follows:

 SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

		December 31, 2020				December 31, 2019
Deferred tax assets (liabilities):
Net operating loss carryforwards		$	61,062,000			$	50,802,000
General business credit carryforwards			4,398,000				3,939,000
State credits			2,857,000				2,934,000
Property, equipment and goodwill			8,000				(28,000	)
Stock options			9,551,000				7,960,000
Deferred revenue			62,000				62,000
Intangible assets			312,000				1,625,000
Other			70,000				28,000
Gross deferred tax assets			78,320,000				67,322,000
Valuation allowance			(78,320,000	)			(67,322,000	)
Net deferred taxes		$	-			$	-

SUMMARY OF NET OPERATING LOSS AND GENERAL BUSINESS CREDIT CARRYFORWARDS

 SUMMARY OF NET OPERATING LOSS AND GENERAL BUSINESS CREDIT CARRYFORWARDS

		Net operating loss carryforwards				General business credit carryforwards
2021		$	5,378,000			$	56,000
2022			8,230,000				431,000
2023			5,434,000				362,000
2024			8,711,000				287,000
2025			2,370,000				182,000
Thereafter			97,576,000				3,080,000
		$	127,699,000			$	4,398,000

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Schedule of carryforwards expire [Table Text Block]

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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
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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