XML 34 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Summary of income taxes provision
   December 31, 
   2018   2017 
Current        
Federal  $-   $- 
State and local   3,001    228,972 
Total Current   3,001    228,972 
Deferred          
Federal   -    - 
State and local   -    - 
Change in Valuation Allowance   -    - 
Total Deferred   -    - 
Total Provision (Benefit)  $3,001   $228,972 
Schedule of deferred tax assets and liabilities

   December 31, 
   2018   2017 
Deferred Tax Assets:        
Net operating losses  $4,529,410   $4,327,027 
Share-based compensation   1,061,421    868,222 
Amortization of Intangible Assets   767,591    432,335 
Tax Credits   62,969    62,969 
Other   10,528    12,755 
Subtotal   6,431,919    5,703,308 
Less Valuation Allowance:   (6,339,578)   (5,649,582)
Total Deferred Tax Assets   92,341    53,726 
Deferred Tax Liabilities:          
Intangibles   -    - 
Property and equipment   (92,341)   (53,726)
Other   -    - 
Total Deferred Tax Liabilities   (92,341)   (53,726)
Net Deferred Tax Assets  $-   $- 

Schedule of effective income tax rate
   2018   2017 
Income tax expense (benefit) at federal statutory rate   21.0%   34.0%
State and local taxes   (2.4)%   (2.6)%
Federal tax reform   0.0%   (55.0)%
Valuation allowance   (18.2)%   25.3%
Payable true-up   0.0%   (3.8)%
Other   (0.5)%   (1.9)%
Effective tax rate   (0.1)%   (4.0)%