Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of provision for (benefit from) income taxes

	2019		2018
Current
Federal tax refund	$	-	$	-
State		37,000		-
Prior Year overaccruals
Federal		-		-
State		-		-
Total Expense		37,000		-
Deferred Tax Benefit		-		(921,000	)
Valuation Allowance		-		921,000
Net Provision for Income Taxes	$	37,000	$	-

Schedule of reconciliation of our income tax rate computed using the federal statutory rate to our actual income tax rate

	2019			2018
U.S. statutory income tax rate		21.00	%		21.00	%
State taxes		(1.11	)%		-	%
Permanent differences, overaccruals and non-deductible items		(3.33	)%		5.74	%
Rate change and provision to return true-up		0.62	%		(18.36	)%
Expired stock options		1.54	%		0.00	%
Deferred tax valuation allowance		(20.13	)%		(8.38	)%
Total		(1.41	)%		-	%

Schedule of net deferred tax assets

	December 31,			December 31,
	2019			2018
Deferred tax assets
Current:
Net operating losses	$	8,017,000		$	6,811,000
Allowance for doubtful accounts		216,000			124,000
Inventory – IRC 263A adjustment		268,000			248,000
Stock based compensation - options and restricted stock		150,000			161,000
Capitalized engineering costs		323,000			809,000
Deferred rent		12,000			248,000
Amortization - NTW Transaction		442,000			810,000
Inventory reserves		1,000,000			942,000
Deferred gain on sale of real estate		84,000			80,000
Accrued Expenses		165,000			49,000
Disallowed interest		1,431,000			918,000
Right of Use Asset		329,000			-
Other		-			314,000
Total non-current deferred tax assets before valuation allowance		12,437,000			11,514,000
Valuation allowance		(10,663,000	)		(10,135,000	)
Total non-current deferred tax assets after valuation allowance		1,774,000			1,379,000
Deferred tax liabilities:
Property and equipment		(1,628,000	)		(1,379,000	)
Other		(146,000	)		-
Total deferred tax liabilities		(1,774,000	)		(1,379,000	)
Net deferred tax asset	$	-		$	-