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The components of deferred income tax assets and liabilities are as follows (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Deferred Tax Assets:    
Allowance for doubtful accounts $ 56,884 $ 50,100
Credit carryforwards 1,758,809 1,435,543
Inventory reserve 1,046,890 637,396
Loss contracts reserve 260,780 285,367
Restricted stock 189,072 87,976
Other 18,654 15,238
Acquisition costs 93,063 100,774
Lease liability 950,141 934,463
Disallowed interest expense 909,800 749,228
Net operating loss carryforward 20,953,330 21,016,334
Deferred tax assets 26,237,423 25,312,419
Valuation allowance (22,704,931) (21,632,564)
Deferred Tax Liabilities:    
Prepaid expenses 115,437 114,738
Revenue recognition 2,086,045 2,133,348
Property and equipment 441,590 588,252
ROU asset 889,420 843,517
Deferred tax liabilities 3,532,492 3,679,855
Net deferred tax assets (liabilities)