INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

INCOME TAXES [Abstract]

Schedule of Income Tax Expense (Benefit)

The components of the provision for income tax expense are as follows:

	Year Ended December 31,
	2019		2018
Current:
Federal	$	—	$	—
State		319,978		77,494
Foreign		261,549		306
		581,527		77,800
Deferred
Federal		17,542		—
State		14,948		—
Foreign		(117,036)		—
		(84,546)		—
Total provision (benefit) for income taxes	$	496,981	$	77,800

Federal Statutory Rate Reconciliation

The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	Year Ended December 31,
	2019			2018
Statutory tax rate		21.00	%		21.00	%
State taxes		0.35	%		4.02	%
Permanent differences		(3.85)	%		(0.57)	%
Unrecognized tax benefit		(0.67)	%		—	%
Share-based compensation		11.51	%		(10.46)	%
Foreign tax rate differential		(1.68)	%		(0.10)	%
Valuation allowance		(140.59)	%		(15.43)	%
Prior year true up items		109.08	%		—	%
Other net		(0.65)	%		1.19	%
Total		(5.50)	%		(0.35)	%

Schedule of Deferred Tax Assets

Deferred tax assets consist of the following at:

	December 31,
	2019		2018
Deferred tax assets:
Net operating loss carryforward	$	12,789,390	$	6,186,379
Temporary differences		435,559		598,732
Lease liability		310,792		—
Share-based compensation		6,455,843		228,989
Total gross deferred tax assets	$	19,991,584	$	7,014,100
Deferred tax liabilities:
Property and equipment		(145,526)		(439,388)
Intangibles/Goodwill		(179,619)		—
Right of use lease asset		(310,730)		—
Valuation allowance		(19,271,163)		(6,574,712)
Net deferred tax assets	$	84,546	$	—

Schedule of reconciliation of the beginning and ending amount of gross unrecognized benefits

A reconciliation of the beginning and ending amount of gross unrecognized benefits is as follows:

		Year Ended December 31,
		2019		2018
Unrecognized tax benefits - beginning of year	$	-	$	-
Gross increase for tax positions of prior years		53,699		-
Gross decrease for federal tax rate change for tax positions of prior years		-		-
Gross increase for tax positions of current year		-		-
Settlements		-		-
Lapse of statute of limitations		-		-
Unrecognized tax benefits - end of year		-		-
	$	53,699	$	-