Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.21.2
Income Taxes
9 Months Ended
Sep. 30, 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 nine months ended September 30, 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 third parties under the New Jersey Technology Business Tax Certificate Transfer Program. During the three months ended September 30, 2021 and 2020, the Company did not sell any NOL and R&D tax credits.