INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of income loss before the provision for income tax

	2022			2021
Pre-tax loss
U.S. Federal	$	(189,899,000	)	$	(24,644,000	)
Foreign		(4,419,000	)		803,000
Total	$	(194,318,000	)	$	(23,841,000	)

Schedule of deferred tax assets

	2022			2021
Deferred tax asset:
Allowance for doubtful accounts	$	439,000		$	361,000
Unrealized losses		11,082,000			5,413,000
Obsolete inventory		2,816,000			375,000
Stock compensation		3,581,000			1,915,000
Other carryforwards		317,000			132,000
Net operating loss carryforwards		17,878,000			8,716,000
Lease liability		1,979,000			888,000
Impairment		22,822,000			560,000
Accrued expenses		3,648,000			2,157,000
Interest Expense		8,668,000			-
Other		404,000			-
Total deferred tax asset		73,634,000			20,517,000
Deferred tax liability:
Right-of-use assets		(1,865,000	)		(857,000	)
Fixed assets, net		(1,575,000	)		(3,937,000	)
Intangible assets, net		(6,638,000	)		(256,000	)
Bargain Gain/Loss		(225,000	)		-
Total deferred income tax liabilities		(10,303,000	)		(5,050,000	)
Net deferred income tax assets		63,331,000			15,467,000
Valuation allowance		(63,304,000	)		(15,467,000	)
Deferred tax asset (liability), net		27,000		$	-

Schedule of reconciliation of income tax attributable to operations

	2022			2021
Current
U.S. Federal	$	244,000		$	69,000
U.S. State		143,000			35,000
Foreign		132,000			26,000
Total current provision		519,000			130,000
Deferred
U.S. Federal		(4,977,000	)		-
U.S. State		(27,000	)		-
Foreign		0			-
Total deferred provision (benefit)		(5,004,000	)		-
Total provision (benefit) for income taxes	$	(4,485,000	)	$	130,000

Schedule of effective income tax rate reconciliation

	2022			2021
Expected federal income tax benefit		21.0	%		21.0	%
State taxes net of federal benefit		7.3	%		6.1	%
Foreign rate differential		0.0	%		0.3	%
PPP forgiveness		0.0	%		0.4	%
Effect of change in valuation allowance		-22.1	%		-26.0	%
Permanent differences		-1.0	%		-0.1	%
Goodwill impairment		-1.4	%		-
IRC Section 162(m) compensation limitation		-0.3	%		-0.7	%
Excess tax benefit - windfall/(shortfall)		-0.2	%		0.7	%
Other		-0.9	%		-2.6	%
Income tax benefit		2.3	%		-0.9	%