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12. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of income taxes

		Current				Deferred				Total
Year Ended December 31, 2019:
U.S. federal		$	––			$	––			$	––
State and local			10,792				––				10,792
Foreign			14,073				––				14,073
		$	24,865			$	––			$	24,865
Year Ended December 31, 2020:
U.S. federal		$	––			$	––			$	––
State and local			11,752				––				11,752
Foreign			14,964				––				14,964
		$	26,716			$	––			$	26,716

Schedule of income tax reconciliation

		2019				2020
Computed "expected" US benefit at Federal statutory rate		$	(685,652	)		$	(807,799	)
Change resulting from:
State and local income taxes, net of federal income tax benefit			(102,770	)			(145,891	)
Valuation allowance			411,810				(121,000	)
Non––deductible items			87,998				394,236
Expired Federal net operating loss			218,376				1,043,171
Federal and state rate changes			95,103				(113,340	)
Non-taxable PPP loan forgiveness			––				(222,661	)
Income tax expense		$	24,865			$	26,716

Schedule of deferred tax assets

		2019				2020
Deferred income tax assets:
Inventories		$	145,884			$	241,874
Accounts receivable			253,559				445,392
Accrued expenses			80,068				116,254
Net operating loss and tax credit carry forwards			13,276,081				15,243,998
Plant and equipment			6,014				39,521
Stock compensation			123,841				448,375
Lease accounting			26,515				248
Other – interest expense			12,385				24,009
Total deferred income tax assets			13,924,347				16,559,671
Valuation allowance			(13,924,347	)			(16,559,671	)
Net deferred tax assets		$	––			$	––

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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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-Section 50
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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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