14. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense

	December 31,
	2019		2018
Current taxes	$	–	$	–
Deferred taxes		–		–
Net income tax provision (benefit)	$	–	$	–

Schedule of effective income tax rate

	December 31,
	2019			2018
Federal statutory income tax rate		21.0%			21.0%
State income taxes		7.7%			7.7%
Permanent differences		0.1%			0.1%
Change in valuation allowance		(28.8%	)		(28.8%	)
Net effective income tax rate		0.0%			0.0%

Schedule of deferred tax assets and liabilities

	December 31,
	2019			2018
Deferred tax assets:
Federal and state net operating loss carryovers	$	7,692,561		$	7,402,252
Stock compensation		2,327,142			2,294,552
Property and equipment		34			459
Deferred compensation		401,371			–
Reorganization costs		38,508			38,508
Total deferred tax assets	$	10,459,616		$	9,735,771
Deferred tax liabilities:
Unrealized gain on investment in Allied Esports Entertainment, Inc.		(4,449,409	)		–
Total deferred liabilities		(4,449,409	)		–
Net deferred tax assets (liabilities)		6,010,207			9,735,771
Less: valuation allowance		(6,010,207	)		(9,735,771	)
Deferred tax assets (liabilities)	$	–		$	–