XML 35 R23.htm IDEA: XBRL DOCUMENT v3.23.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of income (loss) before the provision (benefit)

		December 31,
		2022				2021
Domestic Operations		$	(2,683,143	)		$	1,334,057
Foreign Operations			(900,772	)			-
		$	(3,583,915	)		$	1,334,057

Schedule of provision for income taxes

		December 31,
		2022				2021
Current
Federal		$	-			$	-
State and local			15,685				9,951
Foreign			-				-
Total Current			15,685				9,951
Deferred
Federal			-				-
State and local			-				-
Foreign			(187,350	)			-
Change in Valuation Allowance			-				-
Total Deferred			(187,350	)			-
Total (Benefit) Provision		$	(171,665	)		$	9,951

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

		2022				2021
Income tax benefit (expense) at federal statutory rate			21.0	%			21.0	%
Permanent Differences			-				0.2	%
State and local taxes			(0.7	)%			(4.5	)%
Valuation allowance			(7.6	)%			(14.3	)%
Deferred tax adjustment			-				2.6	%
Share based compensation			(7.8	)%			3.9	%
PPP Loan Forgiveness			-				(8.0	)%
Foreign Income Tax Rate Differential			0.5	%			-
Other			(0.6	)%			(0.2	)%
Effective tax rate			4.8	%			0.7	%

Schedule of company’s deferred tax assets and liabilities

		December 31,
		2022				2021
Deferred Tax Assets:
U.S. federal and state net operating losses		$	3,436,822			$	3,907,758
Foreign net operating losses			103,375				-
Share-based compensation			511,603				767,318
Amortization of intangible assets			583,727				716,598
Rent			36,413				56,251
Capitalized IRC §174 costs			1,134,472				-
Tax credits			62,969				62,969
Other			257,473				266,986
Subtotal			6,126,854				5,777,880
Less Valuation Allowance:			(5,984,591	)			(5,713,490	)
Total Deferred Tax Assets			142,263				64,390
Deferred Tax Liabilities:
Amortization of intangible assets			(820,279	)			-
Property and equipment			(31,262	)			(64,390	)
Other			(7,625	)			-
Total Deferred Tax Liabilities			(859,166	)			(64,390	)
Net Deferred Tax Liability		$	(716,903	)		$	-

X

- Definition

Tabular disclosure of the federal tax basis of investment holdings. This item captures the aggregate cost of securities, aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost, aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value, net unrealized appreciation (depreciation), and an explanation of the differences between tax and book.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(h)(2))
-URI https://asc.fasb.org/extlink&oid=126898976&loc=d3e600178-122990

+ Details

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

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 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 https://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 https://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

X

- Definition

Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

No definition available.

+ Details

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