XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Income tax benefit |
Year Ended December 31 |  | 2020 |  |  | 2019 |
Current taxes - Federal |  | $ | (233,000 | ) |  | $ | - |
Current taxes - State |  |  | 42,000 |  |  |  | 38,000 |
Deferred taxes - Federal |  |  | - |  |  |  | (402,000 | )
Deferred taxes - State |  |  | - |  |  |  | (60,000 | )
Income tax benefit |  | $ | (191,000 | ) |  | $ | (424,000 | )
Reconciliation of effective federal income tax rate |
Year Ended December 31 |  | 2020 |  |  | 2019 |
Federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
Stock-based awards |  |  | (0.8 | ) |  |  | (0.7 | )
State taxes |  |  | 3.6 |  |  |  | 3.2 |
Other permanent differences |  |  | (0.3 | ) |  |  | (0.6 | )
Impact of uncertain tax positions |  |  | (0.7 | ) |  |  | (0.5 | )
Valuation allowance |  |  | (19.6 | ) |  |  | (15.4 | )
Other |  |  | 0.8 |  |  |  | 0.1 |
Effective federal income tax rate |  |  | 4.0 | % |  |  | 7.1 | %
Deferred tax assets (liabilities) |
|  | As Restated |  |
As of December 31 |  | 2020 |  | 2019
Deferred tax assets |  |  |  |
Accrued expenses |  | $ 376,000 |  | $ 260,000
Inventory reserve |  | 9,000 |  | 5,000
Stock-based awards |  | 65,000 |  | 88,000
Reserve for bad debts |  | 33,000 |  | 16,000
Net operating loss and credit carryforwards |  | 1,422,000 |  | 715,000
Other |  | 47,000 |  | 26,000
Depreciation |  | 52,000 |  | -
Valuation allowance |  | (1,946,000) |  | (1,003,000)
Total deferred tax assets |  | $ 58,000 |  | $ 107,000
Deferred tax liabilities |  |  |  |
Depreciation |  | $ - |  | $ (18,000)
Prepaid expenses |  | (58,000) |  | (89,000)
Total deferred tax liabilities |  | (58,000) |  | (107,000)
Net deferred income tax liabilities |  | $ - |  | $ -
Uncertain tax positions |
Balance at January 1, 2019 |  | $ | 613,000 |
Increases due to interest and state tax |  |  | 30,000 |
Balance at December 31, 2019 |  |  | 643,000 |
Increases due to interest and state tax |  |  | 34,000 |
Balance at December 31, 2020 |  | $ | 677,000 |

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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration