Post-effective amendment to a registration statement that is not immediately effective upon filing

INCOME TAXES - Deferred Taxes (Details)

v3.21.1
INCOME TAXES - Deferred Taxes (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets:    
Net operating losses $ 424,000 $ 432,000
Foreign tax credit carryforwards 2,005,000 2,555,000
Inventory basis differences 8,655,000 5,333,000
Deferred rent 83,000 76,000
Maintenance deposit payments 605,000 943,000
Deferred revenue 625,000 1,873,000
Allowance for doubtful accounts 398,000 391,000
Transaction costs   523,000
Start up costs 973,000  
Intangible assets 410,000 807,000
Accrued expenses 1,070,000 1,232,000
Other 112,000 153,000
Total deferred tax assets 15,360,000 14,318,000
Deferred tax liabilities:    
Fixed assets (6,981,000) (8,320,000)
Section 481(a) adjustments (1,784,000) (633,000)
Deferred insurance proceeds (603,000) (611,000)
Total deferred tax liabilities (9,368,000) (9,564,000)
Valuation allowance (284,000)  
Deferred income taxes, net $ 5,708,000 $ 4,754,000