Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.20.2
Income Taxes
6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes

Note 9 – Income Taxes

 

Sale of net operating losses (NOLs)

 

The Company recognized $0 and approximately $1.1 million for the three and six months ended June 31, 2020, respectively, and approximately $1.0 million for the three and six month ended June 30, 2019, in connection with the sale of certain State of New Jersey Net Operating Losses (“NOL”) and Research and Development (“R&D”) tax credits to a third party under the New Jersey Technology Business Tax Certificate Transfer Program.