XML 43 R26.htm IDEA: XBRL DOCUMENT v3.22.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

		December 31,
		2021				2020
Current
Federal		$	-			$	-
State and local			9,951				387
Total Current			9,951				387
Deferred
Federal			-				-
State and local			-				-
Change in Valuation Allowance			-				-
Total Deferred			-				-
Total Provision (Benefit)		$	9,951			$	387

Schedule of company’s deferred tax assets and liabilities

		December 31,
		2021				2020
Deferred Tax Assets:
Net operating losses		$	3,907,758			$	4,098,329
Share-based compensation			767,318				859,100
Amortization of Intangible Assets			716,598				769,742
Rent			56,251				15,272
Tax Credits			62,969				62,969
Other			266,986				160,762
Subtotal			5,777,880				5,966,174
Less Valuation Allowance:			(5,713,490	)			(5,903,825	)
Total Deferred Tax Assets			64,390				62,349
Deferred Tax Liabilities:
Property and equipment			(64,390	)			(62,349	)
Total Deferred Tax Liabilities			(64,390	)			(62,349	)
Net Deferred Tax Assets		$	-			$	-

Schedule of effective tax rate differs from the U.S. federal statutory income tax rate

		2021				2020
Income tax (expense) benefit at federal statutory rate			21.0	%			21.0	%
Permanent Differences			0.2	%			0.2	%
State and local taxes			(4.5	)%			1.9	%
Valuation allowance			(14.3	)%			(37.0	)%
Deferred tax adjustment			2.6	%			0.0	%
Share based compensation			3.9	%			14.6	%
PPP Loan Forgiveness			(8.0	)%			-
Other			(0.2	)%			(0.6	)%
Effective tax rate			0.7	%			0.1	%

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=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration