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Income Tax (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of components of income tax

Schedule of components of income tax
		December 31,
		2021				2020
Current:
State		$	800			$	800
Total current			800				800
Deferred:
Federal			(718,868	)			336,124
State			(332,139	)			130,040
Total Deferred			(1,051,007	)			466,164
Net provision (benefit)		$	(1,050,207	)		$	466,964

Schedule reconciliation of income tax

Schedule reconciliation of income tax
		December 31, 2021
Tax Computed At The Federal Statutory Rate		$	(1,338,184	)			21.00%
State Tax, Net Of Federal Tax Benefit			(263,892	)			4.14%
Nondeductible Expenses			85,025				-1.33%
Flowthrough Entity not Subject to Tax			454,587				-7.13%
Foreign Corporation - Minority Interest			3,140				-0.05%
Valuation Allowance			9,117				-0.14%
Benefit for income taxes		$	(1,050,207	)			16.48%

		December 31, 2020
Tax Computed At The Federal Statutory Rate		$	(447,850	)			21.00%
State Tax, Net Of Federal Tax Benefit			(77,025	)			3.54%
Nondeductible Expenses			22,040				-1.03%
Flowthrough Entity not Subject to Tax			187,948				-8.81%
Foreign Corporation - Minority Interest			8,996				-0.42%
Valuation Allowance			772,855				-36.24%
Provision for income taxes		$	466,964				-21.96%

Schedule of deferred tax assets and liabilities

Schedule of deferred tax assets and liabilities
		December 31, 2021
Reserves		$	336,875
Fixed Assets			(1,915,092	)
Leases			16,395
Intangibles			(3,622,638	)
Net Operating Losses			3,553,164
Impairment Losses			–
Stock Options			598,849
Accruals			(32,905	)
Other			(393,154	)
Net Deferred Liability			(1,458,506	)
Less: Valuation Allowance			(3,698,393	)
Total deferred tax liability:		$	(5,156,899	)

		December 31, 2020
Reserves		$	336,875
Fixed Assets			(1,915,021	)
Leases			3,803
Intangibles			(3,964,173	)
Net Operating Losses			3,544,614
Impairment Losses			–
Stock Options			155,309
Accruals			19,440
Other			(699,478	)
Net Deferred Liability			(2,518,629	)
Less: Valuation Allowance			(3,689,275	)
Total deferred tax liability:		$	(6,207,905	)

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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=121826272&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=121826272&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
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