Annual report pursuant to Section 13 and 15(d)

Income Tax - Income Tax Rate Differences (Details)

v3.21.1
Income Tax - Income Tax Rate Differences (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Tax    
Federal income tax expense at statutory rate: $ (5,540,000) $ (4,271,000)
Increase (reduction) in income tax resulting from:    
State Income Taxes (433,000) (581,000)
Foreign Rate Differential 5,000 (9,000)
Nondeductible Expenses 210,000 15,000
Research & Development Credit (682,000) (772,000)
Stock Based compensation 113,000 132,000
Excess Executive Compensation 248,000 295,000
Payout of Contingent Consideration 421,000  
Goodwill Impairment   155,000
Reserve for Loss Carryforwards Limited by Sec. 382 8,000 8,000
Other (41,000) 74,178
Increase (Decrease) in Valuation Allowance $ 5,691,000 4,999,000
Total   $ 45,178