Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

Schedule of provision of income taxes

	December 31, 2021		December 31, 2020
Current Federal and State	$	143,000	$	-
Deferred Federal and State		75,300		83,900
Total (benefit) provision for income taxes	$	218,300	$	(83,900	)

Schedule of reconciliation of the statutory US federal income tax rate

	December 31, 2021			December 31, 2020
Federal tax		21.0	%		21.0	%
State tax		1.7	%		4.1	%
Discontinued operations		0.0	%		(5.4	)%
Permanent items		(5.0	)%		(1.6	)%
Measurement Period Adjustment		(16.9	)%		0.0	%
Valuation Allowance		2.3	%		(22.6	)%
Other		(6.5	)%		(0.3	)%
Effective income tax rate		(3.4	)%		(4.8	)%

Schedule of major components of deferred tax assets and liabilities

	December 31, 2021			December 31, 2020
Deferred tax assets
Inventory obsolescence	$	107,000		$	4,000
Sales return reserve		-			48,000
Business interest limitation		481,000			20,000
Lease liability		712,000			95,000
Other		135,000			55,000
Loss carryforward		153,000			94,000
Valuation Allowance		-			(132,000	)
Total deferred tax assets	$	1,588,000		$	184,000
Deferred tax liabilities
Fixed assets	$	(230,000	)	$	(89,000	)
Right of Use Assets		(706,000	)		(95,000	)
Intangibles		(2,722,000	)		-
Total deferred tax liabilities	$	(3,658,000	)	$	(184,000	)
Total net deferred income tax assets (liabilities)	$	(2,070,000	)	$	-

Schedule of prepaid and deferred tax assets and liabilities

	As of December 31,
	2021			2020
Prepaid income taxes (accrued tax liability)	$	(175,000	)	$	21,000
Deferred tax asset (liability)	$	(2,070,000	)	$	-

	Years Ended December 31,
	2021		2020
Income tax (benefit)/expense	$	218,000	$	(84,000	)