Deferred Tax Assets and Income Tax Provision (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences and tax losses and credit carry forwards that give rise to significant portions of deferred tax assets and liabilities at December 31, 2018 and 2017 are comprised of the following (dollars in thousands):

	As of December 31,
	2018			2017
Deferred tax assets:
Net-operating loss carryforward	$	2,811		$	1,523
Stock based compensation		2,773			1,752
Other		38			-
Total Deferred Tax Assets		5,622			3,275
Valuation allowance		(5,622	)		(3,275	)
Deferred Tax Asset, Net of Allowance	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation

The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows:

	For the years ended December 31,
	2018			2017
Statutory Federal Income Tax Rate		(21.0	)%		(34.0	)%
State and local taxes, net of Federal tax benefit		(11.7	)%		(5.8	)%
Federal tax rate change		0.0	%		11.9	%
Stock based compensation		0.3	%		3.0	%
Warrant issued for services		0.2	%		1.4	%
Loss on extinguishment of accounts payable		0.0	%		0.5	%
Deferred tax rate change		(10.2	)%		0.0	%
Change in Valuation Allowance		42.4	%		23.0	%
Income Taxes Provision		0.0	%		0.0	%