Income Taxes (Tables)
|
12 Months Ended |
Feb. 03, 2019 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of deferred income taxes |
|
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Deferred Income Tax Assets |
|
|
|
|
|
|
| Federal net operating loss carryforward |
|
$ |
708,865 |
|
|
$ |
9,211,499 |
|
| State net operating loss carryforward |
|
|
130,924 |
|
|
|
2,130,112 |
|
| Intangible assets |
|
|
248,731 |
|
|
|
318,158 |
|
| Accrued liabilities |
|
|
1,139,686 |
|
|
|
515,392 |
|
| Equity based compensation |
|
|
171,120 |
|
|
|
38,807 |
|
| Property and equipment |
|
|
1,165,359 |
|
|
|
985,871 |
|
| Merchandise inventories |
|
|
154,599 |
|
|
|
63,415 |
|
| Total Deferred Income Tax Assets |
|
|
3,719,284 |
|
|
|
13,263,254 |
|
| Valuation Allowance |
|
|
(3,719,284 |
) |
|
|
(13,263,254 |
) |
| Net Deferred Income Tax Asset |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of statutory federal income tax rate |
| |
|
2019 |
|
|
2018 |
|
| (Benefit) at Federal Statutory rates |
|
$ |
(1,397,881 |
) |
|
$ |
(1,861,772 |
) |
| Permanent adjustments |
|
|
406,674 |
|
|
|
62,491 |
|
| State tax, net of Federal benefit |
|
|
(15,086 |
) |
|
|
(265,277 |
) |
| Change in Federal rate from 34% to 21% |
|
|
- |
|
|
|
6,658,540 |
|
| Federal True-ups |
|
|
(175,845 |
) |
|
|
(403,322 |
) |
| Uncertain tax positions – NOLS |
|
|
10,753,384 |
|
|
|
- |
|
| Change in valuation allowance |
|
|
(9,554,839 |
) |
|
|
(4,164,660 |
) |
| Income tax provision |
|
$ |
16,407 |
|
|
$ |
26,000 |
|
| |
|
2019 |
|
|
2018 |
|
| (Benefit) at Federal Statutory rates |
|
|
(21.0 |
%) |
|
|
(34.0 |
%) |
| Permanent adjustments |
|
|
6.1 |
% |
|
|
1.1 |
% |
| State tax, net of Federal benefit |
|
|
(0.2 |
%) |
|
|
(4.8 |
%) |
| Change in Federal rate from 34% to 21% |
|
|
- |
|
|
|
121.6 |
% |
| Federal True-ups |
|
|
(2.6 |
%) |
|
|
(7.3 |
%) |
| Uncertain tax positions- NOLS |
|
|
161.5 |
% |
|
|
- |
|
| Change in valuation allowance |
|
|
(143.5 |
%) |
|
|
(76.1 |
%) |
| Income tax (benefit) provision |
|
|
0.3 |
% |
|
|
0.5 |
% |
|
| Schedule of federal, state and local corporate income taxes |
| |
|
2019 |
|
|
2018 |
|
| Current taxes: |
|
|
|
|
|
|
| U.S. federal |
|
$ |
- |
|
|
$ |
- |
|
| State and local |
|
|
16,407 |
|
|
|
26,000 |
|
| Total current tax expense (benefit) |
|
$ |
16,407 |
|
|
$ |
26,000 |
|
| |
|
|
|
|
|
|
|
|
| Deferred taxes: |
|
|
|
|
|
|
|
|
| U.S. federal |
|
$ |
- |
|
|
$ |
- |
|
| State and local |
|
|
- |
|
|
|
- |
|
| Total deferred tax expense (benefit) |
|
|
- |
|
|
|
- |
|
| Total tax (benefit) provision |
|
$ |
16,407 |
|
|
$ |
26,000 |
|
|
| Schedule of unrecognized tax benefits |
| |
|
2019 |
|
|
2018 |
|
| Beginning balance |
|
$ |
- |
|
|
$ |
- |
|
| Additions for tax positions acquired |
|
|
- |
|
|
|
- |
|
| Additions for tax positions related to current year |
|
|
10,753,384 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Tax positions of prior years: |
|
|
|
|
|
|
|
|
| Payments |
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
| Due to lapsed SOL |
|
|
- |
|
|
|
- |
|
| Ending balance |
|
$ |
10,753,384 |
|
|
$ |
- |
|
|