XML 33 R17.htm IDEA: XBRL DOCUMENT
v3.21.1

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Taxes [Abstract] |
Income Taxes | Note 11. Income Taxes The components of the income tax provision for the years ended December 31, 2020 and 2019 are as follows:
|  | 2020 |  |  | 2019 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | (6 | ) |  | $ | 0 |
State |  |  | 1 |  |  |  | 1 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (43 | ) |  |  | (2 | )
State |  |  | 0 |  |  |  | 0 |
Total Federal and State Income Taxes |  | $ | (48 | ) |  | $ | (1 | )
The provision for income taxes for the years ended December 31, 2020 and 2019 differs from the amount obtained by applying the U.S. federal income tax rate to pretax income due to the following:
|  | 2020 |  |  | 2019 |
Computed “Expected” Federal Tax Expense (Benefit From) |  | $ | (36 | ) |  | $ | 39 |
Increase (Decrease) in Taxes Resulting From: |  |  |  |  |  |  |  |
State Income Taxes, net of Federal Benefit |  |  | 1 |  |  |  | 1 |
R&D Credits |  |  | (7 | ) |  |  | (72 | )
Permanent Differences |  |  | 1 |  |  |  | 5 |
Other |  |  | (7 | ) |  |  | 26 |
Total Federal and State Income Taxes |  | $ | (48 | ) |  | $ | (1 | )
The components of the net deferred tax asset consist of:
|  | 2020 |  |  | 2019 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Vacation accrual |  | $ | 29 |  |  | $ | 24 |
Allowance for doubtful accounts |  |  | 2 |  |  |  | 2 |
Stock compensation |  |  | 94 |  |  |  | 93 |
Bonus |  |  | 0 |  |  |  | 2 |
Depreciation and amortization |  |  | 94 |  |  |  | 50 |
Inventory Obsolescence |  |  | 1 |  |  |  | 4 |
R&D credit carryforward |  |  | 235 |  |  |  | 171 |
Valuation allowance |  |  | (186 | ) |  |  | (121 | )
Total Deferred Tax Assets |  |  | 269 |  |  |  | 225 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Prepaid expenses |  |  | 23 |  |  |  | 22 |
Total Deferred Tax Liabilities |  |  | 23 |  |  |  | 22 |
Net Deferred Tax Asset |  | $ | 246 |  |  | $ | 203 |
R&D credits can be carried forward for twenty years for federal purposes and fifteen years in Minnesota. The Company is materially subject to the following taxing jurisdictions: U.S. and Minnesota. The tax years 2017 through 2019 remain open to examination by the Internal Revenue Service and state jurisdictions. We have no accrued interest or penalties related to uncertain tax positions as of January 1, 2020 or December 31, 2020 and uncertain tax positions are not significant.

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration