Income Taxes |
3 Months Ended |
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Mar. 31, 2021 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes |
Note 10 – Income Taxes
Sale of net operating losses (NOLs) & tax credits
The Company recognized approximately $1.3 million and approximately $1.1 million for the three months ended March 31, 2021 and 2020 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. During the three months ended March 31, 2021, the Company fulfilled its obligation related to the NOL and R&D sale but did not received the payment as of March 31, 2021. At March 31, 2021, the related receivable of approximately $1.3 million is included in prepaid expenses and other current assets.
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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