Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of income tax expense from continuing operations

Income tax expense from continuing operations consists of the following:

	December 31,			December 31,
	2020			2019
Current income tax expense/(benefit)
Federal		—			—
State		—			—
Total current income tax expense/(benefit)		—			—
Deferred income tax expense/(benefit)
Federal		(840,812	)		27,096
State		(146,541	)		4,811
Total deferred tax expense/(benefit)		(987,353	)		31,907
Total income tax expense/(benefit)		(987,353	)		31,907

Schedule of income tax rate reconciliation

Items accounting for the differences between income taxes at statutory income tax rates and the actual effective rate are as follows:

Year Ended December 31,	2020			2019
Federal Statutory Rate		21.00	%		21.00	%
Effective State Rate		3.66	%		3.66	%
Incentive Stock Options		-2.01	%		-1.81	%
PPP Forgiveness		0.68	%		0.00	%
Officers Life Insurance		-0.01	%		-0.04	%
Meals And Entertainment		0.00	%		-0.01	%
Organizational Costs		0.00	%		0.00	%
R&D Credit		0.91	%		4.61	%
Change In Valuation Allowance		11.57	%		-25.96	%
Prior Year Adjustments		0.91	%		-4.09	%
Other		-0.14	%		-1.55	%
Effective Rate		36.57	%		-4.19	%

Schedule of deferred tax assets and liabilities

The components of deferred income tax assets and liabilities were as follows:

	December 31,			December 31,
	2020			2019
Deferred tax assets
Loss carryforwards		2,585,042			1,933,118
Marketable securities		—			121,212
Non-qualified stock options		—			—
R&D Credits		378,524			329,186
Less valuation allowance		(2,060,283	)		(2,372,656	)
Deferred tax assets		903,283			10,860
Deferred tax liabilities
Depreciation/amortization		(6,087	)		(10,860	)
Intangible assets		(897,196	)		(987,353	)
Deferred tax liabilities		(903,283	)		(998,213	)
Totals		—			(987,353	)