Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
Income Tax Disclosure [Abstract] |
|
Schedule of income (loss) before income taxes |
|
|
For the Years Ended |
|
|
|
December 31, |
|
|
|
2020 |
|
|
2019 |
|
United States |
|
$ |
(45,315,394 |
) |
|
$ |
(15,173,062 |
) |
Foreign |
|
|
(468,944 |
) |
|
|
(282,265 |
) |
Loss before income taxes from continuing operations |
|
$ |
(45,784,338 |
) |
|
$ |
(15,455,327 |
) |
|
Schedule of income tax provision (benefit) |
|
|
For the Years Ended |
|
|
|
December 31, |
|
|
|
2020 |
|
|
2019 |
|
Federal |
|
|
|
|
|
|
Current |
|
$ |
- |
|
|
$ |
- |
|
Deferred |
|
|
(7,159,062 |
) |
|
|
(7,527,844 |
) |
State and local: |
|
|
|
|
|
|
|
|
Current |
|
|
- |
|
|
|
- |
|
Deferred |
|
|
(681,815 |
) |
|
|
(716,938 |
) |
Foreign |
|
|
|
|
|
|
|
|
Current |
|
|
- |
|
|
|
- |
|
Deferred |
|
|
(63,193 |
) |
|
|
- |
|
|
|
|
(7,904,070 |
) |
|
|
(8,244,782 |
) |
Change in valuation allowance |
|
|
7,904,070 |
|
|
|
8,244,782 |
|
Income tax provision (benefit) |
|
$ |
- |
|
|
$ |
- |
|
|
Schedule of expected tax expense (benefit) |
|
|
For the Years Ended |
|
|
|
December 31, |
|
|
|
2020 |
|
|
2019 |
|
U.S. Federal statutory rate |
|
|
21.0 |
% |
|
|
21.0 |
% |
State taxes, net of federal benefit |
|
|
6.3 |
% |
|
|
2.0 |
% |
Permanent differences |
|
|
(10.7 |
%) |
|
|
(0.2 |
%) |
Statutory rate differential - domestic v. foreign |
|
|
(0.1 |
%) |
|
|
(0.2 |
%) |
Changes in tax rates |
|
|
1.0 |
% |
|
|
0.0 |
% |
Other |
|
|
0.4 |
% |
|
|
1.1 |
% |
Adjustments in deferred taxes |
|
|
(0.9 |
%) |
|
|
29.6 |
% |
Change in valuation allowance |
|
|
(17.0 |
%) |
|
|
(53.3 |
%) |
Total |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
Schedule of deferred tax assets |
|
|
As of December 31, |
|
|
|
2020 |
|
|
2019 |
|
Deferred Tax Assets: |
|
|
|
|
|
|
Net operating loss carryforwards |
|
$ |
13,022,657 |
|
|
$ |
8,936,688 |
|
Production costs |
|
|
274,355 |
|
|
|
231,217 |
|
Investment |
|
|
2,909,497 |
|
|
|
2,190,138 |
|
Stock-based compensation |
|
|
387,410 |
|
|
|
56,976 |
|
Capitalized start-up costs |
|
|
322,793 |
|
|
|
353,651 |
|
Property and equipment |
|
|
1,022,026 |
|
|
|
- |
|
Accruals and other |
|
|
1,252,731 |
|
|
|
547,735 |
|
Gross deferred tax assets |
|
|
19,191,469 |
|
|
|
12,316,404 |
|
Property and equipment |
|
|
|
|
|
|
(1,029,005 |
) |
Net deferred tax assets |
|
|
19,191,469 |
|
|
|
11,287,399 |
|
Valuation allowance |
|
|
(19,191,469 |
) |
|
|
(11,287,399 |
) |
Deferred tax assets, net of valuation allowance |
|
$ |
- |
|
|
$ |
- |
|
|