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DEFERRED TAXES (Tables)
12 Months Ended
Dec. 31, 2020
DEFERRED TAXES  
Schedule of components of net deferred tax

December 31, 

    

2020

    

2019

Net operating loss carryforwards

$

8,438,428

$

7,116,767

Equity-based instruments

 

2,883,318

 

2,645,225

Long-lived assets and other

 

203,274

 

491,730

Capital loss carryforward

 

119,915

 

120,318

Deferred tax asset valuation allowance

 

(11,644,935)

 

(10,374,040)

$

$

Schedule of reconciliation of income tax provision and the amounts computed by applying statutory rates to income before income taxes

Year ended December 31, 

    

2020

    

2019

Income tax benefit at statutory rate

$

(1,607,608)

$

(3,251,597)

State income tax benefit, net of Federal benefit

 

(178,226)

 

(566,351)

Equity-based instruments

 

103,372

 

146,446

Fair market value adjustment/loss on extinguishment – derivative liabilities

 

(154,517)

 

636,532

Amortization of debt discount

 

412,823

 

498,018

Other

 

142,124

 

(59,749)

Valuation allowance

 

1,282,032

 

2,596,701

$

$