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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Income tax benefit

Year ended December 31		2022				2021
Current taxes - Federal		$	361,000			$	-
Current taxes - State			(579,000	)			42,000
Income tax expense		$	(218,000	)		$	42,000

Reconciliation of effective federal income tax rate

Year Ended December 31		2022				2021
Federal statutory rate			21.0	%			21.0	%
Stock-based awards			0.2				2.0
State taxes			3.6				3.6
Impact of uncertain tax positions			(6.7	)			(1.0	)
Valuation allowance			(20.0	)			(34.3	)
Other			(0.3	)			7.5
Effective federal income tax rate			(2.2	)%			(1.2	)%

Deferred tax assets (liabilities)

As of December 31		2022				2021
Deferred tax assets
Accrued expenses		$	231,000			$	507,000
Inventory reserve			23,000				23,000
Stock-based awards			24,000				31,000
Reserve for bad debts			26,000				88,000
Net operating loss and credit carryforwards			824,000				2,507,000
Other			23,000				33,000
Depreciation			43,000				33,000
Valuation allowance			(1,175,000	)			(3,146,000	)
Total deferred tax assets		$	19,000			$	76,000
Deferred tax liabilities
Prepaid expenses			(19,000	)			(76,000	)
Total deferred tax liabilities			(19,000	)			(76,000	)
Net deferred income tax liabilities		$	-			$	-

Uncertain tax positions

Balance at January 1, 2021		$	677,000
Increases due to interest and state tax			34,000
Balance at December 31, 2021			711,000
Decrease due to state tax expense			(678,000	)
Increases due to interest and state tax			20,000
Balance at December 31, 2022		$	53,000

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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.

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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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