Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of before provision for income taxes domestic and foreign

December 31, 2021

 

 

December 31, 2020

 

Domestic

$

(16,679,171

)

 

$

(23,706,567

)

Foreign

 

(1,390,069

)

 

 

(975,373

)

Total

$

(18,069,240

)

 

$

(24,681,940

)

Schedule of income tax provision from continuing operations

 

December 31, 2021

 

 

December 31, 2020

 

Federal

$

 

 

$

 

State


(870,323

)

 


(1,170,890

)

Foreign


19,153

 

 


 

Total current  

 

(851,170

)

 

 

(1,170,890

)

 

 

 

 

 

 

 

 

Total deferred

 

 

 

 

 

Total income tax benefit

$

(851,170

)

 

$

(1,170,890

)
Schedule of deferred income tax assets and liabilities

 

Year ended December 31,

 

 

2021

 


2020

 

Deferred tax assets

 

 

 


 

 

 

Net operating loss carryforwards

$

26,924,101

 


$

24,319,202

 

Accrued expenses

 

579,321

 


 

540,072

 

Intangibles

 

468,716

 


 

429,783

 

Inventory

 

216,120

 


 

202,580

 

      Allowance for bad debt
3,139



Deferred rent

 

 


 

27,019

 

Charitable contributions

 

10,572

 


 

11,277

 

R&D credit

 

429,784

 


 

438,117

 

     Deferred FICA Tax


6,942



Lease liabilities

 

200,288

 


 

398,689

 

Stock compensation

 

4,429,809

 


 

3,069,124

 

Deferred tax assets

 

33,268,792

 


 

29,435,863

 

Less valuation allowance

 

(32,867,581

)

 

(28,974,378

)

Total deferred tax assets

 

401,211

 


 

461,485

 

Fixed assets

 

(5,856)


 

(16,119

)

Prepaid expenses

 

(233,917

)

 

(300,125

)

Right of use asset

 

(161,438

)

 

(145,241

)

Total deferred tax liabilities

 

(401,211

)

 

(461,485

)

Deferred tax assets, net

$

 


$

 

Schedule of income tax provision computed at statutory rates

 

Year ended December 31,

 

 

2021

 

 

2020

 

Statutory rate

(21.0)

%  

 

(21.0)

%  

State tax expected (recovery), net of federal benefit

5.7

%

 

(4.2)

%

Stock compensation (5.7) %
(6.8) %
State tax NOL sale (3.8) %
(3.7) %

Nondeductible expenses

2.1

%  

 

(0.5)

%

PPP loan forgiveness

(1.7)

%

 

%

Unrealized gain from termination of joint venture (1.8) %
%
Other %
(0.1) %

Change in valuation allowance for deferred tax assets

21.5

%

 

31.6

%

Income tax benefit

(4.7)

%  

 

(4.7)

 %