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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

INCOME TAXES

Schedule of income before income tax domestic and foreign

		December 31, 2022				December 31, 2021
Domestic		$	(7,093,161	)		$	(8,365,298	)
Foreign			(5,962,159	)			517,659
		$	(13,055,320	)		$	(7,847,639	)

Schedule of provision for income taxes

		December 31, 2022				December 31, 2021
Current tax provision
Federal		$	-			$	-
State			-				-
Foreign			(75,724	)			802,364
Total current tax provision		$	(75,724	)		$	802,364
Deferred tax provision
Domestic		$	-			$	-
State			-				-
Foreign			850,775				(688,354	)
Total deferred tax provision		$	850,775			$	(688,354	)
Total current provision		$	775,051			$	114,010

Significant components of deferred tax assets and liabilities

		December 31, 2022				December 31, 2021
Net operating loss carryforward		$	5,899,702			$	4,515,900
Capital loss carryforward			801,744				801,744
Section 163(j) carryforward			561,130				-
Nonqualified stock options			-				96,104
Foreign exchange			297,263				13,438
Allowance for doubtful accounts			1,616,926				374,604
Accrued expenses			352,025				528,895
Mark to market adjustment in securities			358,761				358,761
Lease liability			259,381				253,620
Gain on extinguishment of debt			-				-
Depreciation			(22,914	)			(6,765	)
Total deferred tax assets			10,124,018				6,936,211
Intangibles			(8,139	)			(8,139	)
Inventory			(49,961	)			(14,728	)
Right of use asset			(256,769	)			(243,207	)
Goodwill			(10,979	)			(10,979	)
Total deferred tax liabilities			(325,848	)			(277,053	)
Valuation allowance			(9,798,170	)			(5,808,384	)
Net deferred tax assets		$	-			$	850,774

Schedule of reconciliation of income tax expense

		December 31, 2022				December 31, 2021
US
Loss before income taxes		$	(13,055,320	)		$	(7,847,639	)
Taxes under statutory US tax rates		$	(2,741,617	)		$	(1,648,004	)
Increase (decrease) in taxes resulting from:
Increase in valuation allowance		$	3,989,786			$	3,001,899
Foreign tax rate differential		$	34,601			$	(24,977	)
Permanent differences		$	128,705			$	(734,428	)
US tax on foreign income		$	-			$	493,028
163(j)catchup			-				(76,888	)
Prior period adjustments		$	(186,143	)		$	52,034
State taxes		$	(450,280	)		$	(948,654	)
Income tax expense		$	775,052			$	114,010

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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.

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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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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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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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