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Income Tax (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of components of income tax

Schedule of components of income tax
		December 31,
		2023				2022
Current:
State		$	4,380			$	800
Total current			4,380				800
Deferred:
Federal			59,440				(3,082,578	)
State			28,883				(1,354,913	)
Total Deferred			88,323				(4,437,491	)
Net provision		$	92,703			$	(4,436,691	)

Schedule reconciliation of income tax

Schedule reconciliation of income tax
		December 31, 2023
Tax Computed At The Federal Statutory Rate		$	(2,235,644	)			21.00	%
State Tax, Net Of Fed Tax Benefit			(353,133	)			3.32	%
Nondeductible Expenses			1,008,500				-9.47	%
Flowthrough Entity not Subject to Tax			(6,820	)			0.06	%
Foreign Corporation - Minority Interest			6,560				-0.06	%
Non-controlling Interest			(20,272	)			0.19	%
Valuation Allowance			186,011				-1.75	%
Rate Change			-				0.00	%
R&D Credits			1,891				-0.02	%
Other/Prior Year True-Up			1,505,609				-14.14	%
Benefit from income taxes		$	92,703				-0.87	%

		December 31, 2022
Tax Computed At The Federal Statutory Rate		$	(4,985,329	)			21.00	%
State Tax, Net Of Fed Tax Benefit			(1,312,478	)			5.53	%
Nondeductible Expenses			515,476				-2.17	%
Flowthrough Entity not Subject to Tax			422,216				-1.78	%
Foreign Corporation - Minority Interest			6,201				-0.03	%
Other			92,854				-0.39	%
Valuation Allowance			824,368				-3.47	%
Benefit for income taxes		$	(4,436,691	)			18.69	%

Schedule of deferred tax assets and liabilities

Schedule of deferred tax assets and liabilities
		December 31, 2023
Deferred Tax Assets:
Net Operating Losses		$	4,574,080
Stock Compensation			234,271
Reserves			935,313
Leases Liability			436,111
Inventory			51,376
Fixed Assets			392,902
Accrued Liabilities			626,488
Other			59,991
Total Deferred Tax Assets			7,310,532
Deferred Tax Liabilities:
ROU Asset			(410,703	)
Intangibles			(2,262,158	)
Total Deferred Tax Liabilities			(2,672,862	)
Less: Valuation Allowance			(4,725,993	)
Net deferred tax liability:		$	(88,323	)

		December 31, 2022
Reserves		$	572,650
Fixed Assets			(1,747,971	)
Leases			(3,312	)
Intangibles			(2,302,728	)
Net Operating Losses			4,253,740
Impairment Losses			3,117,046
Stock Options			(129,350	)
Accruals			1,011,016
Other			(231,111	)
Net Deferred Asset			4,539,981
Less: Valuation Allowance			(4,539,981	)
Total deferred tax liability:		$	-

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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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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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.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
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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.

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