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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule income tax provision |
|  | During the Years Ended December 31, |
|  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | 4,496 |  |  |  | 3,490 |
Current subtotal |  |  | 4,496 |  |  |  | 3,490 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | (418,295 | ) |  |  | (240,458 | )
State |  |  | (24,337 | ) |  |  | (31,205 | )
Deferred subtotal, gross |  |  | (442,632 | ) |  |  | (271,663 | )
Valuation allowance |  |  | 428,000 |  |  |  | 296,347 |
Deferred subtotal, net |  |  | (14,632 | ) |  |  | 24,684 |
Income tax (benefit) expense |  | $ | (10,136 | ) |  | $ | 28,174 |
Schedule of income tax provision |
|  | During the Years Ended December 31, |
|  | 2020 |  |  | 2019 |
|  | $ |  |  | % |  |  | $ |  |  | % |
Computed expected income tax expense rate |  | $ | (216,773 | ) |  |  | (21.00 | )% |  | $ | (266,157 | ) |  |  | (21.00 | )%
State income taxes, net of federal expense |  |  | (15,674 | ) |  |  | (1.52 | ) |  |  | (21,894 | ) |  |  | (1.73 | )
Share-based compensation |  |  | 30,121 |  |  |  | 2.92 |  |  |  | 37,811 |  |  |  | 2.98 |
Tax credits |  |  | (55,180 | ) |  |  | (5.35 | ) |  |  | (27,815 | ) |  |  | (2.19 | )
Valuation allowance |  |  | 428,000 |  |  |  | 41.46 |  |  |  | 296,347 |  |  |  | 23.38 |
Paycheck Protection Program loan forgiveness |  |  | (196,917 | ) |  |  | (19.08 | ) |  |  | — |  |  |  | — |
Other |  |  | 16,287 |  |  |  | 1.59 |  |  |  | 9,882 |  |  |  | 0.78 |
Income tax (benefit) expense/rate |  | $ | (10,136 | ) |  |  | (0.98 | )% |  | $ | 28,174 |  |  |  | 2.22 | %
Schedule of components of our deferred tax assets |
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Product rights |  | $ | 444 |  |  | $ | 6,709 |
Property, plant and equipment |  |  | (2,482,237 | ) |  |  | (2,306,435 | )
Federal general business tax credits |  |  | 490,018 |  |  |  | 434,838 |
Federal net operating loss carryforwards |  |  | 3,074,882 |  |  |  | 2,509,471 |
State tax credits carryover |  |  | 826,091 |  |  |  | 841,558 |
Interest rate swaps |  |  | — |  |  |  | 14,632 |
Prepaid expenses and other |  |  | (8,814 | ) |  |  | (12,070 | )
UNICAP |  |  | 11,791 |  |  |  | 16,756 |
Incentive compensation |  |  | 53,179 |  |  |  | 31,895 |
Valuation allowance |  |  | (1,965,354 | ) |  |  | (1,537,354 | )
Deferred tax assets, net |  | $ | — |  |  | $ | — |

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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 + Details
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