Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Deferred Tax Assets and Liabilities) (Details)

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INCOME TAXES (Deferred Tax Assets and Liabilities) (Details) - USD ($)
Dec. 31, 2019
Dec. 31, 2018
U.S. federal and state deferred tax liabilities—long term:    
Right of use assets $ 2,496,000  
U.S. Federal and State    
U.S. federal and state deferred tax assets—long term:    
Accrued payroll 261,000 $ 102,000
Accrued expenses 77,000 45,000
Intangibles 390,000 418,000
Research & development credit 3,651,000 2,239,000
Net operating loss 27,568,000 20,140,000
Stock compensation 672,000 612,000
Lease liabilities (750,000) 0
New jobs credit 8,000 8,000
Total long-term assets 33,377,000 23,564,000
Total deferred tax assets 33,377,000 23,564,000
U.S. federal and state deferred tax liabilities—long term:    
Fixed assets 0 (16,000)
Deferred Tax Liabilities, Right-of-Use Assets (701,000) 0
Total deferred tax liabilities (701,000) (16,000)
Deferred Income Tax Assets, Net 32,676,000 23,548,000
Less: Valuation allowance (32,676,000) (23,548,000)
Net deferred tax assets 0 0
Net operating loss 27,568,000 20,140,000
Foreign    
U.S. federal and state deferred tax assets—long term:    
Net operating loss 8,000 9,000
Total deferred tax assets 8,000 9,000
U.S. federal and state deferred tax liabilities—long term:    
Less: Valuation allowance (8,000) (5,000)
Net deferred tax assets 0 0
Net operating loss 8,000 9,000
Intangibles 0 (4,000)
Net foreign deferred tax assets (liabilities) $ 8,000 $ 5,000