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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The income tax provision reconciled to the tax computed at the statutory from continuing operations Federal rate follows:

		2019				2018
Tax Expense at Statutory Rate		$	626,468			$	150,855
Valuation Allowance			(631,775	)			(152,043	)
Non-Deductible Expenses and Other			5,307				1,189
Tax Reform Revaluation, Net of Valuation Allowance			-				21,915
State Taxes, Net of Federal Benefit			95,116				38,756
Income tax expense		$	95,116			$	60,672
Current		$	95,116			$	60,672
Total		$	95,116			$	60,672

Schedule of Deferred Tax Assets

Deferred income taxes are comprised of the following at December 31, 2019 and 2018:

		2019				2018
Deferred tax assets (liabilities):
Inventories		$	21,495			$	27,524
Stock options and other			57,019				57,019
Contingencies and accruals			32,154				18,882
Property and equipment			(180,300	)			(97,897	)
Net operating loss carryforward			6,765,424				7,251,479
Goodwill and intangibles			34,328				-
Total deferred tax assets, net			6,730,120				7,257,007
Valuation allowance		$	(6,730,120	)		$	(7,257,007	)
Net Deferred tax asset			-				-

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- References

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- Definition

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
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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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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