Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Components of income tax benefit are as follows:

	For the Year Ended December 31, 2019		For the Year Ended December 31, 2018
Current income taxes:
Federal	$	-	$	-
State		18,550		3,640
Current provision for income taxes		18,550		3,640
Deferred provision (benefit) for income taxes:
Federal		-		-
State		-		-
Deferred provision (benefit) for income taxes		-		-
Provision for income taxes	$	18,550	$	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	$	11,103		$	12,295
Accrued expenses		-			-
Stock compensation		98,460			81,133
Stock option		69,463			58,102
Amortization of intangibles		2,952,425			2,965,622
Net operating loss		2,448,415			2,458,939
Allowances		1,706,320			1,807,331
Others		28,077			37,477
Total non-current deferred tax assets		7,314,263			7,420,899
Deferred tax liabilities:
Prepaid expenses		(27,152	)		(13,781	)
Depreciation on fixed assets		(582,949	)		(697,478	)
Total non-current deferred tax liabilities		(610,101	)		(711,259	)
Net non-current deferred tax assets/liabilities		6,704,162			6,709,640
Less: Valuation Allowance		(6,704,162	)		(6,709,640	)
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, 2019 and 2018 is as follows:

	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Tax at federal statutory rate	$	(193,803	)	$	(11,494	)
State income taxes		14,654			2,875
Permanent differences		66,087			61,495
Change in valuation allowance		(5,477	)		(184,471	)
Other - State rate effect		(28,536	)		(2,044	)
Change in status		128,002			108,975
Other		37,623			28,304
Provision for income taxes	$	18,550		$	3,640