Income Taxes (Tables)
|
12 Months Ended |
Feb. 02, 2020 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of deferred income taxes |
| |
|
2020 |
|
|
2019 |
|
| |
|
|
|
|
|
|
| Deferred Income Tax Assets |
|
|
|
|
|
|
| Federal net operating loss carry forward |
|
$ |
12,455,237 |
|
|
$ |
708,865 |
|
| State net operating loss carry forward |
|
|
2,485,074 |
|
|
|
130,924 |
|
| Intangible assets |
|
|
244,053 |
|
|
|
248,731 |
|
| Accrued liabilities |
|
|
1,833,549 |
|
|
|
1,139,686 |
|
| Equity based compensation |
|
|
503,201 |
|
|
|
171,120 |
|
| Property and equipment |
|
|
1,748,593 |
|
|
|
1,165,359 |
|
| Merchandise inventories |
|
|
254,034 |
|
|
|
154,599 |
|
| Total Deferred Income Tax Assets |
|
|
19,523,741 |
|
|
|
3,719,284 |
|
| Valuation Allowance |
|
|
(19,523,741 |
) |
|
|
(3,719,284 |
) |
| Net Deferred Income Tax Asset |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of statutory federal income tax rate |
|
|
2020 |
|
|
2019 |
|
| Benefit at Federal Statutory rates |
|
$ |
(3,183,958 |
) |
|
$ |
(1,397,881 |
) |
| Permanent adjustments |
|
|
(847,531 |
) |
|
|
406,674 |
|
| State tax, net of Federal benefit |
|
|
(582,572 |
) |
|
|
(15,086 |
) |
| Change in Federal rate from 34% to 21% |
|
|
- |
|
|
|
- |
|
| Federal and deferred true-ups |
|
|
(393,702 |
) |
|
|
(175,845 |
) |
| Uncertain tax positions - NOLS |
|
|
(10,753,384 |
) |
|
|
10,753,384 |
|
| Change in valuation allowance |
|
|
15,804,459 |
|
|
|
(9,554,839 |
) |
| Income tax provision |
|
$ |
43,312 |
|
|
$ |
16,407 |
|
|
|
2020 |
|
|
2019 |
|
| Benefit at Federal Statutory rates |
|
|
-21.0 |
% |
|
|
-21.0 |
% |
| Permanent adjustments |
|
|
-5.6 |
% |
|
|
6.1 |
% |
| State tax, net of Federal benefit |
|
|
-3.8 |
% |
|
|
-0.2 |
% |
| Change in Federal rate from 34% to 21% |
|
|
0.0 |
% |
|
|
0.0 |
% |
| Federal True-ups |
|
|
-2.6 |
% |
|
|
-2.6 |
% |
| Uncertain tax positions- NOLS |
|
|
-70.9 |
% |
|
|
161.5 |
% |
| Change in valuation allowance |
|
|
104.2 |
% |
|
|
-143.5 |
% |
| Income tax provision |
|
|
0.3 |
% |
|
|
0.3 |
% |
|
| Schedule of federal, state and local corporate income taxes |
|
|
2020 |
|
|
2019 |
|
| Current taxes: |
|
|
|
|
|
|
| U.S. federal |
|
$ |
- |
|
|
$ |
- |
|
| State and local |
|
|
43,312 |
|
|
|
16,407 |
|
| Total current tax expense |
|
$ |
43,312 |
|
|
$ |
16,407 |
|
| |
|
|
|
|
|
|
|
|
| Deferred taxes: |
|
|
|
|
|
|
|
|
| U.S. federal |
|
$ |
- |
|
|
$ |
- |
|
| State and local |
|
|
- |
|
|
|
- |
|
| Total deferred tax expense (benefit) |
|
$ |
- |
|
|
$ |
- |
|
| Total tax provision |
|
$ |
43,312 |
|
|
$ |
16,407 |
|
|
| Schedule of unrecognized tax benefits |
|
|
2020 |
|
|
2019 |
|
| Beginning balance |
|
$ |
10,753,384 |
|
|
$ |
- |
|
| Additions for tax positions acquired |
|
|
- |
|
|
|
- |
|
| Additions for tax positions related to current year |
|
|
- |
|
|
|
10,753,284 |
|
| |
|
|
|
|
|
|
|
|
| Tax positions of prior years: |
|
|
|
|
|
|
|
|
| Payments |
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
| Release |
|
|
(10,753,384 |
) |
|
|
- |
|
| Ending balance |
|
$ |
- |
|
|
$ |
10,753,284 |
|
|