XML 68 R52.htm IDEA: XBRL DOCUMENT
v3.21.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets | Significant components of the Company's deferred tax assets are as follows:
|  | 2020 |  |  | 2019 |
Deferred tax asset: |  |  |  |  |  |  |  |
Allowance for doubtful accts |  | $ | 359,598 |  |  | $ | 163,123 |
UNICAP |  |  | 9,904 |  |  |  | 16,314 |
Obsolete inventory |  |  | 2,811 |  |  |  | 41,131 |
Reserves |  |  | — |  |  |  | 1,641,874 |
Warrant liability |  |  | — |  |  |  | 2,330 |
Accrued compensation |  |  | 138,283 |  |  |  | 89,089 |
Credit carryforwards |  |  | 142,484 |  |  |  | 142,484 |
Stock compensation |  |  | 880,766 |  |  |  | 430,274 |
Fixed assets, net |  |  | 483,923 |  |  |  | 1,278,863 |
Contribution, carryforward |  |  | 70 |  |  |  | 62 |
Accrued interest expense |  |  | 68,148 |  |  |  | 22,414 |
Net operating loss carryforwards |  |  | 5,912,511 |  |  |  | 11,602,532 |
Lease liability |  |  | 798,047 |  |  |  | 899,722 |
Credit loss |  |  | 559,593 |  |  |  | 995,184 |
Accrued expenses |  |  | 461,973 |  |  |  |  |
Excess of capital losses over capital gains |  |  | 123,297 |  |  |  |  |
Total deferred tax asset |  |  | 9,941,408 |  |  |  | 17,325,396 |
Deferred tax liability: |  |  |  |  |  |  |  |
ROU assets |  |  | (756,204 | ) |  |  | (870,886 | )
Intangible assets, net |  |  | (160,318 | ) |  |  | (209,044 | )
State taxes |  |  | (1,119 | ) |  |  | — |
Total deferred income tax liabilities |  |  | (917,641 | ) |  |  | (1,079,930 | )
Net deferred income tax assets |  |  | 9,023,766 |  |  |  | 16,245,466 |
Valuation allowance |  |  | (9,037,861 | ) |  |  | (16,308,197 | )
Deferred tax asset (liability), net |  | $ | (14,095 | ) |  | $ | (62,731 | )
Schedule of net income tax benefit | The net income tax benefit consists of the following:
|  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |
US Federal |  | $ | — |  |  | $ | — |
US State |  |  | — |  |  |  | — |
Foreign |  |  | 24,842 |  |  |  | — |
Total current provision |  |  | 24,842 |  |  |  | — |
Deferred |  |  |  |  |  |  |  |
US Federal |  |  | — |  |  |  | — |
US State |  |  | — |  |  |  | — |
Foreign |  |  | (48,636 | ) |  |  | (108,293 | )
Total deferred benefit |  |  | (23,794 | ) |  |  | (108,293 | )
Total provision for income taxes |  | $ | (23,794 | ) |  | $ | (108,293 | )
Schedule of reconciliation of income tax attributable to operations | The reconciliation of income tax attributable to operations computed at U.S. Federal statutory income tax rates of 21% to income tax expense is as follows:
|  | 2020 |  |  | 2019 |
Expected federal income tax benefit |  |  | 21.0 | % |  |  | 21.0 | %
Beneficial conversion feature |  |  | (0.1 | %) |  |  | (0.6 | %)
Deconsolidation of I.AM |  |  | 1.5 | % |  |  |  |
Loss on extinguishment of debt |  |  | (9.8 | %) |  |  |  |
State taxes net of federal benefit |  |  | 8.1 | % |  |  | 3.5 | %
Foreign rate differential |  |  | (0.3 | %) |  |  | (0.2 | %)
Section 382 limitation |  |  | (34.7 | %) |  |  | — |
Return to provision adjustment |  |  | (7.8 | %) |  |  |  |
Effect of change in valuation allowance |  |  | 21.1 | % |  |  | (21.9 | %)
Other |  |  | 1.1 | % |  |  | (1.4 | %)
Income tax benefit |  |  | 0.1 | % |  |  | 0.4 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration