XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.23.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes |
Current and Deferred |  |  | Year Ended December 31, 2022 |  |  |  | Year Ended December 31, 2021 |
Federal |  | $ | - |  |  | $ | - |
States |  |  | - |  |  |  | - |
Total Provision for Income Taxes |  | $ | - |  |  | $ | - |
Schedule of reconciliation of our income tax rate computed using the federal statutory rate to our actual income tax rate |
|  | Year Ended December 31, 2022 |  |  | Year Ended December 31, 2021 As Revised |
U.S. statutory income tax rate |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal benefit |  |  | 4.1 | % |  |  | 4.1 | %
Permanent difference, overaccruals, and non-deductible items |  |  | (6.9 | )% |  |  | 6.3 | %
Change in state rate |  |  | 0.7 | % |  |  | 8.3 | %
Deferred tax valuation allowance |  |  | (18.4 | )% |  |  | (38.7 | )%
Other |  |  | (.5 | )% |  |  | (1.0 | )%
Total |  |  | 0.00 | % |  |  | 0.00 | %
Schedule of net deferred tax assets |
|  |  |  |  | December 31, |
|  | December 31, 2022 |  |  | 2021 As Revised |
Deferred tax assets: |  |  |  |  |  |
Current: |  |  |  |  |  |
Net operating loss |  | $ | 5,075,000 |  |  | $ | 4,959,000 |
Allowance for doubtful accounts |  |  | 71,000 |  |  |  | 149,000 |
Inventory - IRC 263A adjustment |  |  | 411,000 |  |  |  | 377,000 |
Stock based compensation - options and restricted stock |  |  | 183,000 |  |  |  | 183,000 |
Capitalized engineering costs |  |  | 331,000 |  |  |  | 430,000 |
Amortization - NTW Transaction |  |  | 359,000 |  |  |  | 445,000 |
Inventory reserve |  |  | 932,000 |  |  |  | 790,000 |
Deferred gain on sale of real estate |  |  | 36,000 |  |  |  | 45,000 |
Accrued expenses |  |  | 30,000 |  |  |  | 18,000 |
Disallowed interest |  |  | 1,663,000 |  |  |  | 1,576,000 |
Operating lease liabilities |  |  | 814,000 |  |  |  | 984,000 |
Total deferred tax asset before valuation allowance |  |  | 9,905,000 |  |  |  | 9,956,000 |
Valuation allowance |  |  | (7,701,000 | ) |  |  | (7,503,000 | )
Total deferred tax asset after valuation allowance |  |  | 2,204,000 |  |  |  | 2,453,000 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment |  |  | (1,583,000 | ) |  |  | (1,697,000 | )
Operating Lease ROU assets |  |  | (621,000 | ) |  |  | (756,000 | )
Total deferred tax liabilities |  |  | (2,204,000 | ) |  |  | (2,453,000 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |

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 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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