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Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended December 31,
		2020				2019
Current:
Federal		$	(410,069	)		$	(845	)
State			-				-
Foreign			1,824				11,264
Total Current			(408,245	)			10,420
Deferred:
Federal			-			$	71,007
State			-				32,659
Foreign			-				31,517
Total Deferred			-				135,183
Provision (Benefit) for income taxes			(408,245	)			145,602

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended December 31,
		2020				2019
U.S. Federal provision (benefit)
At Statutory Rate		$	(598,492	)		$	(1,503,581	)
State Taxes			(285,914	)			(412,909	)
Change in Valuation Allowance			936,808				2,473,248
NOL Carryback Claim (CARES Act)			(201,654	)
Nondeductible Expenses			(367,848	)			216,790
Foreign Taxes			(69,969	)			(48,304	)
Deconsolidation & Impairment			134,115				(373,448	)
Other			44,710				(206,193	)
Rounding			(1	)			(1	)
Total		$	(408,245	)		$	145,602

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Year Ended December 31,
		2020				2019
Deferred Tax Assets:
Federal & State NOL Carryforward			1,669,717				531,864
Foreign Tax Credit & Other Credits			581,479				463,451
Reserves and Accruals			216,591				320,961
Unicap 263A Adjustment			63,006				72,294
Other DTA			(36,776	)			65,215
Foreign NOL Carryforward			1,049,887				802,907
Deferred Interest Expense			1,383,772				1,030,634
Deconsolidation & Impairment			1,388,551				1,028,249
Total Gross DTA			6,316,227				4,319,575
Less: Val. Allowance			(6,397,605	)			(4,315,957	)
Total Deferred Tax Assets			(81,378	)			3,618
Deferred Tax Liabilities:
Fixed Assets & Intangibles			81,378				(3,618	)
Deferred State Income Tax			-				-
Total Gross DTL			81,378				(3,618	)
Net Deferred Tax Assets			-				-

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

+ References

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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.

+ References

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