Income Taxes

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Note 14 – Income Taxes

The Company accounts for income taxes under standards issued by the FASB. Under those standards, deferred tax assets and liabilities are recognized for future tax benefits or consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not that such assets will not be realized through future operations.

No provision for federal income taxes has been recorded due to the available net operating loss carry forwards of approximately $9,918,962 will expire in various years through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the future tax loss carry forwards.

The actual income tax provisions differ from the expected amounts calculated by applying the statutory income tax rate to the Company's loss before income taxes.  The components of these differences are as follows at March 31, 2019 and December 31, 2018:

	March 31, 2019			December 31, 2018
Net tax loss carry-forwards	$	9,817,962		$	9,584,964
Statutory rate		21	%		21	%
Expected tax recovery		2,061,272			2,012,842
Change in valuation allowance		(2,061,772	)		(2,012,842	)
Income tax provision	$	—		$	—

Components of deferred tax asset:
Non capital tax loss carry forwards	$	2,061,272		$	2,012,842
Less: valuation allowance		(2,061,272	)		(2,012,842	)
Net deferred tax asset	$	—		$	—