XML 126 R26.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Income taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Benefit | The components of income tax benefit for the years ended December 31, 2023, and 2022 are as follows: Schedule of Components of Income Tax Benefit
Income Tax Expense (Benefit) |  | Year Ended December 31, 2023 |  |  | Year Ended December 31, 2022 |
Current tax payable |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | - |
Total current tax payable |  |  | - |  |  |  | - |
Deferred tax |  |  |  |  |  |  |  |
Federal |  |  | (920,000 | ) |  |  | (1,619,000 | )
State |  |  | (94,000 | ) |  |  | (165,000 | )
Total deferred tax |  | $ | (1,014,000 | ) |  | $ | (1,784,000 | )
Less increase in valuation allowance |  |  | 1,014,000 |  |  |  | 1,163,000 |
Total income tax benefit |  | $ | - |  |  | $ | (621,000 | )
Schedule of Deferred Tax Assets and Liabilities | Individual components of deferred tax assets and liabilities are approximately as follows: Schedule of Deferred Tax Assets and Liabilities
Deferred Tax Assets & Liabilities: |  |  |  |  |  |
Deferred Tax assets: |  |  |  |  |  |  |  |
Impairment of investment |  | $ | 929,000 |  |  | $ | 929,000 |
Research & development cost |  |  | 538,000 |  |  |  | 250,000 |
Net Operating loss |  |  | 2,087,000 |  |  |  | 1,611,000 |
Gross deferred tax assets |  |  | 3,554,000 |  |  |  | 2,790,000 |
Deferred tax liability: |  |  |  |  |  |  |  |
Intangible assets |  |  | (4,164,000 | ) |  |  | (4,414,000 | )
Gross deferred tax liability |  |  | (4,164,000 | ) |  |  | (4,414,000 | )
Less valuation allowance |  |  | (2,625,000 | ) |  |  | (1,611,000 | )
Net deferred tax liability |  | $ | (3,235,000 | ) |  | $ | (3,235,000 | )
Schedule of Effective Income Tax Rate Reconciliation | Schedule of Effective Income Tax Rate Reconciliation
|  | 2023 |  |  | 2022 |
Statutory United States federal rate |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes net of federal benefit |  |  | 1.7 | % |  |  | 1.7 | %
Change in valuation allowance |  |  | (22.7 | )% |  |  | (14.8 | )%
Effective rate |  |  | 0.0 | % |  |  | 7.9 | %

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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration