XML 73 R22.htm IDEA: XBRL DOCUMENT
v3.20.1

Income Tax | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Income Tax |
NOTE 15 – | INCOME TAX
| A. | Measurement of results for tax purposes under the Israeli Income Tax (Inflationary Adjustments) Law, 1985 (the “Inflationary Adjustment Law”)
|  | Commencing January 1, 2008, the results of operations of Integrity Israel for tax purposes have been measured on a nominal basis.
| B. | Tax assessments
|  | For federal, state and local income tax purposes the Company remains open for examination by the tax authorities for the tax years from 2016 through 2019 under the general statute of limitations.
|  | Notwithstanding, pursuant and subject to the provisions of article 145 of the Income Tax Ordinance, Integrity Israel’s tax returns that were filed with the tax authority up to and including 2016 are considered final.
| C. | Carryforward tax losses
|  | As of December 31, 2019, the Company had cumulative net operating losses (NOL) for US federal purposes of approximately $9.3 million. $2.5 million of the federal net operating loss can be carried forward indefinitely and $6.8 million of the federal net operating loss can be offset against taxable income for 20 years that will expire between the years 2030-2037. Integrity Israel has losses carry forward balances for Israeli income tax purposes of approximately $34.1 million to offset against future taxable income for an indefinite period of time.
| D. | The following is a reconciliation between the theoretical tax on pre-tax income, at the tax rate applicable to the Company (federal tax rate) and the tax expense reported in the financial statements:
|  | 2019 |  |  | 2018 |
Pretax income (loss) |  |  | (3,516,148 | ) |  |  | (6,715,420 | )
Federal tax rate |  |  | 21 | % |  |  | 21 | %
Income tax expenses (benefit) computed at the ordinary tax rate |  |  | (738,391 | ) |  |  | (1,410,238 | )
Non-deductible expenses |  |  | 3,583 |  |  |  | 17,392 |
Stock-based compensation |  |  | 32,815 |  |  |  | 148,102 |
Tax in respect of differences in corporate tax rates |  |  | (51,092 | ) |  |  | (98,222 | )
Return to Provision |  |  | (148,856 | ) |  |  |  |
Losses and timing differences in respect of which no deferred taxes assets were recognized |  |  | 901,941 |  |  |  | 1,342,966 |
|  |  | - |  |  |  | - |
| E. | Deferred taxes result principally from temporary differences in the recognition of certain revenue and expense items for financial and income tax reporting purposes. Significant components of the Group’s future tax assets are as follows:
|  | 2019 |  |  | 2018 |
Composition of deferred tax assets: |  |  |  |  |  |  |  |
Provision for employee-related obligation |  |  | 24,678 |  |  |  | 23,304 |
Accruals |  |  | 9,106 |  |  |  | - |
Non-capital loss carry forwards |  |  | 9,816,892 |  |  |  | 8,925,430 |
Valuation allowance |  |  | (9,850,676 | ) |  |  | (8,948,734 | )
|  |  | - |  |  |  | - |

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration