8. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of income taxes

	Current		Deferred		Total
Year Ended December 31, 2017:
U.S. federal	$	––	$	––	$	––
State and local		––		––		––
Foreign		14,660		––		14,660
	$	14,660	$	––	$	14,660
Year Ended December 31, 2018:
U.S. federal	$	––	$	––	$	––
State and local		14,305		––		14,305
Foreign		11,493		––		11,493
	$	25,798	$	––	$	25,798

Schedule of income tax reconciliation

	2017			2018
Computed "expected" US tax (benefit) at Federal statutory rate	$	(287,070	)	$	(12,594	)
Change resulting from:
State and local income taxes, net of federal income tax benefit		(101,924	)		4,927
Valuation allowance		(6,663,556	)		115,960
Non––deductible items		(94,344	)		701
Expired Federal capital loss		––			90,375
Federal and state rate changes		7,160,556			(173,571	)
State net operating loss true up and rate change		998			––
Income tax expense	$	14,660		$	25,798

Schedule of deferred tax assets

	2017			2018
Deferred income tax assets:
Inventories	$	135,077		$	129,349
Accounts receivable		128,817			137,522
Accrued expenses		272,008			72,749
Net operating loss and tax credit carry forwards		12,714,278			13,020,122
Plant and equipment		8,389			13,615
Stock compensation		111,493			112,664
Other – interest expense		––			––
Total deferred income tax assets		13,370,062			13,486,022
Valuation allowance		(13,370,062	)		(13,486,022	)
Net deferred tax assets	$	––		$	––