Income Tax (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Organziation And Summary Of Significiant Accounting Policies Tables Abstract

Schedule of Income Tax Rates and the Statutory Federal Rates from Continuing Operations

A reconciliation of differences between the effective income tax rates and the statutory federal rates from continuing operations is as follows:

	2019						2018
	Rate			Amount			Rate			Amount
Income Tax benefit at US statutory Rate		21	%	$	484,065			21	%	$	1,631,172
State taxes, net of federal benefit		5	%		114,471			3	%		263,914
Change in valuation allowance		(26	)%		(598,546	)		(24	)%		(1,895,086	)
				$	—					$	—

Schedule of Statutory Federal Income Tax Rate for Discontinued Operations

The differences between the statutory Federal income tax rate and the effective tax rate are summarized as follows for the year ended December 31, 2018 for discontinued operations:

Income Taxes (benefit) at Statutory Rate	$	37,443		21.0	%
Increase (Decrease) in Taxes Resulting From:
State Taxes, net of Federal Tax Benefit		(76	)	—
Graduated Tax Rates		—		—
Reduction in Federal Income Tax Rate		—		—
Other, Net		—		—
Income Taxes	$	37,367		21.0	%

Schedule of Deferred Tax Assets

Significant components of the Company’s deferred tax assets and liabilities are as follows:

December 31,

	2019			2018
Deferred Income Tax Assets (Liabilities):
Net Operational Loss Carryforwards	$	703,548		$	165,505
Intangible Assets		1,415,989			1,522,188
Research & Development Costs		366,868			228,699
Other, Net		7,227			(21,296	)
Gross Deferred Income Tax Assets (Liabilities)	$	2,493,632		$	1,895,096
Less: Valuation Allowance		(2,493,632	)		(1,895,096	)
Net Deferred Income Tax Asset	$	—		$	—