Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Components of income tax benefit are as follows:

Current income taxes:	For the Year Ended December 31, 2018		For the Year Ended December 31, 2017
Federal	$	-	$	-
State		-		-
Current provision for income taxes		3,640
Deferred provision (benefit) for income taxes:
Federal		-		-
State		-		-
Deferred provision (benefit) for income taxes		-		-
Provision for income taxes	$	3,640	$	-

Schedule of Deferred Tax Assets and Liabilities

The non-current deferred tax assets and liabilities consist of the following:

Deferred tax assets:
263A adjustment	$	12,295		$	14,326
Accrued expenses		-			-
Stock compensation		81,133			48,489
Stock option		58,102			44,922
Amortization of intangibles		2,965,622			2,796,867
Net operating loss		2,458,939			2,999,467
Others		39,752			12,660
Total non-current deferred tax assets		5,615,843			5,916,731
Deferred tax liabilities:
Prepaid expenses		(13,781	)		(23,301	)
Depreciation on fixed assets		(697,478	)		(853,089	)
Total non-current deferred tax liabilities		(711,259	)		(876,390	)
Net non-current deferred tax assets/liabilities		4,904,584			5,040,341
Less: Valuation Allowance		(4,904,584	)		(5,040,341	)
Total deferred tax liabilities	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the tax rate to the U.S. federal statutory tax rate which relate to the year ended December 31, 2018 and 2017 is as follows:

	For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Tax at federal statutory rate	$	(11,494	)	$	(80,922	)
State income taxes		2,875			-
Permanent differences		61,495			118,253
Change in valuation allowance		(135,758	)		(2,436,734	)
Other - State rate effect		(2,044	)		(9,578	)
Change in status		104,960			2,408,980
Other		(16,394	)		-
Provision for income taxes	$	3,640		$	-