INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX PROVISION

The provision (benefit) for income taxes consists of the following:

	2021			2020
Currently payable:
Federal	$	-		$	-
State		-			5,000
Total currently payable		-			5,000
Deferred:
Federal		(5,336,000	)		582,000
State		(779,000	)		(22,000	)
Foreign		(123,000	)		(125,000	)
Total deferred		(6,238,000	)		435,000
Less: (decrease) increase in allowance		2,739,000			(2,215,000
Net deferred		(3,499,000	)		(1,774,000	)
Less: tax effect of discontinued operations		(533,000	)		-
Total income tax benefit	$	(4,032,000	)	$	(1,774,000	)

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Individual components of deferred tax assets and liabilities are as follows:

	2021			2020
Deferred tax assets:
Net operating loss carry forwards	$	14,452,000		$	13,852,000
Unrealized loss on securities		2,598,000			-
Equity issued for services		189,000			192,000
Goodwill and other intangibles		21,000			0
Investment in pass-through entity		11,000			12,000
Deferred revenue		176,000			183,000
Operating Lease Liability		47,000			47,000
Other		620,000			605,000
Gross deferred tax assets		18,119,000			14,891,000
Deferred tax liabilities:
Goodwill and other intangibles		4,143,000			4,668,000
Unrealized gains		-			2,599,000
Right -of-use asset		47,000			47,000
Gross deferred tax liabilities		4,190,000			7,314,000
Less: valuation allowance		(13,929,000	)		(11,076,000	)
Net deferred tax liabilities	$	-		$	(3,499,000	)

SCHEDULE OF CHANGES IN DEFERRED TAX LIABILITIES

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

The differences between the United States statutory federal income tax rate and the effective income tax rate in the accompanying consolidated statements of operations are as follows:

	2021			2020
Statutory United States federal rate		21.0	%		21.0	%
State income taxes net of federal benefit		1.3	%		(9.3	)%
Permanent differences		-	%		2.0	%
Other		(1.1	)%		(8.3	)%
Non-controlling interest		-	%		(70.5	)%
Foreign taxes		-	%		(7.3	)%
PPP loan forgiveness		-	%		(142.2	)%
Stock based compensation		-	%		22.4	%
Executive compensation		(3.7	)%		485.2	%
Change in valuation allowance		(7.7	)%		(1547.5	)%
Effective rate		9.8	%		(1,239.9	)%