XML 29 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Note 10 - Income Taxes
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
NOTE
10:
         INCOME TAXES
 
As of
March 31, 2021
and
December 31, 2020,
the Company has provided a full valuation allowance against all of the net deferred tax assets. This was based on management's assessment, including the last
three
years of operating losses, that it is more likely than
not
that the net deferred tax assets
may
not
be realized in the future. On
March 27, 2020,
the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was enacted by the United States Congress. As a result of the enactment of the CARES Act, net operating losses (“NOL's”) generated in
2018
-
2020
can now be carried back for
five
years and resulted in the Company recognizing approximately
$1.5
million of a tax benefit, of which
$.7
million is a receivable at
March 31, 2021
and
December 31, 2020.
Management continues to evaluate for potential utilization of the Company's deferred tax asset, which has been fully reserved for, on a quarterly basis, reviewing our economic models, including projections and timing of orders, and cost containment measures.