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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2019
Income Taxes (Tables)  
Reconciliation of statutory tax rate

 

 

Three months ended June 30, 2019

 

Three months ended June 30, 2018

 

Six months ended June 30, 2019

 

Six months ended June 30, 2018

 

Federal statutory rate

 

21.0

%

 

21.0

%

 

21.0

%

 

21.0

%

State statutory rate

 

7.0

%

 

7.0

%

 

7.0

%

 

7.0

%

Valuation allowance

 

(37.7

)%

 

(15.0

)%

 

(51.0

)%

 

(17.1

)%

Permanent difference *

 

9.7

%

 

(13.0

)%

 

23.0

%

 

(10.9

)%

Effective tax rate

 

0.0

%

 

0.0

%

 

0.0

%

 

0.0

%

 

Deferred tax assets

 

 

June 30,

2019

 

December 31,

2018

 

(Unaudited)

 

Allowance for doubtful accounts

 

$

3,116

 

$

-

 

Amortization of intangible assets

 

204,000

 

211,556

 

Net operating losses

 

1,697,071

 

1,975,889

 

Deferred tax assets

 

1,904,187

 

2,187,445

 

Valuation allowance

 

(1,904,187

)

 

(2,187,445

)

Deferred tax assets, net

 

$

-

 

$

-