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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule Of Income Tax Benefit

Year Ended December 31		2019				2018
Current taxes - Federal		$	-			$	177,000
Current taxes - State			38,000				48,000
Deferred taxes - Federal			(437,000	)			227,000
Deferred taxes - State			(67,000	)			32,000
Income tax expense (benefit)		$	(466,000	)		$	484,000

Reconciliation Of Effective Income Tax Rate Percentage

Year Ended December 31		2019				2018
Federal statutory rate			21.0	%			21.0	%
Stock-based awards			(0.8	)			0.6
State taxes			3.2				2.8
Other permanent differences			(0.1	)			0.7
Impact of uncertain tax positions			(0.6	)			1.7
Valuation allowance			(14.0	)			(1.6	)
Other			(0.2	)			0.5
Effective federal income tax rate			8.5	%			25.7	%

Schedule of Resulting Noncurrent Deferred Tax Assets (Liabilities)

As of December 31		2019				2018
Deferred tax assets
Accrued expenses		$	105,000			$	129,000
Inventory reserve			5,000				3,000
Stock-based awards			88,000				78,000
Reserve for bad debts			16,000				5,000
Net operating loss and credit carryforwards			715,000				39,000
Other			26,000				23,000
Valuation allowance			(848,000	)			(79,000	)
Total deferred tax assets		$	107,000			$	198,000
Deferred tax liabilities
Depreciation		$	(18,000	)		$	(635,000	)
Prepaid expenses			(89,000	)			(67,000	)
Total deferred tax liabilities			(107,000	)			(702,000	)
Net deferred income tax liabilities		$	-			$	(504,000	)

Reconciliation of the Liability for Uncertain Tax Positions

Balance at January 1, 2018		$	581,000
Increases due to interest and state tax			32,000
Balance at December 31, 2018			613,000
Increases due to interest and state tax			30,000
Balance at December 31, 2019		$	643,000

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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.

+ References

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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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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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