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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		$	-			$	-

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- 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
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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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