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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2023
INCOME TAXES [Abstract]  
Consolidated Loss Before Income Taxes

For financial reporting purposes, the Company’s consolidated income from continuing operations before income taxes for the U.S. and foreign entities, in the aggregate, is as follows:

   
For the Years Ended December 31,
 
    2023     2022  
United States
  $ 1,819,170  
$
(19,168,010
)
Foreign
       
Total loss before provision for income taxes
  $ 1,819,170  
$
(19,168,010
)
Components of Income Tax Expense

The income tax expense for continuing operations consisted of the following for the years ending December 31, 2023 and December 31, 2022:

   
For the Years Ended December 31,
 
      2023    
2022
 
Current:
 
       
  Federal
  $
7,348     $
 
  State
    78,392      
23,980
 
  Foreign
         
 
    $
85,740    
$
23,980
 
                 
Deferred:
           
 
  Federal
           
  State
           
  Foreign
           
             
Total
  $
85,740    
$
23,980
 
Statutory to Effective Federal Income Tax Rate Reconciliation

The reconciliation between the Company’s effective tax rate on income from continuing operations and statutory tax rate for the years ended December 31, 2023 and 2022 is as follows:

   
For the Years Ended December 31,
 
    2023    
2022
 
Income tax expense (benefit) at federal statutory rate
 
21.0%
   
21.0%

Nondeductible/nontaxable items
    (0.63)%
    0.34%
Stock-based compensation
    260.39%
   
—%

Gain on sale of operations
    —%  
    0.89%
 
State taxes
    12.90%
   
7.49%

Rate change
    (4.46)%
   
(0.87)%

True-up and other
    (38.24)%
   
(0.44)%

Valuation allowance
    (246.77)%
    (28.54)%
  Income tax expense
    4.19%
   
(0.13)%

Components of Net Deferred Tax Assets and Liabilities

The following items comprise the Company’s net deferred tax assets and liabilities from continuing operations as of December 31, 2023 and December 31, 2022:

   
As of December 31,
 
   
2023
   
2022
 
Deferred tax assets
           
Allowance for credit losses
 
$
   
$
21,421
 
Reserves
   
     
49,827
 
Accrued expenses
   
237,689
     
357,441
 
Lease liability
   
2,910
     
9,007
 
Stock compensation
   
2,028,170
     
5,514,035
 
Depreciation
   
3,380
     
10,813
 
Amortization
   
56,882
     
65,021
 
Capitalized Sec. 174 expenses
   
1,138,021
     
914,390
 
Net operating loss carry forwards
   
5,140,001
     
10,517,739
 
  Deferred income tax assets
 
$
8,607,053
   
$
17,459,694
 
                 
Valuation allowance
   
(8,119,492
)
   
(17,332,381
)
Total net deferred income tax assets
 
$
487,561
   
$
127,313
 
                 
Prepaid expenses
   
(29,302
)
   
(43,741
)
Unrealized FX gain/ loss
   
(1,951
)
   
(74,565
)
Installment sale receivable
   
(453,398
)
   
 
Right-of-use asset
   
(2,910
)
   
(9,007
)
Deferred income tax liability
 
$
(487,561
)
 
$
(127,313
)
                 
Net deferred taxes
 
$
   
$