INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of reconciliation of the statutory income tax rates and effective tax rate

A reconciliation of the statutory income tax rates and the effective tax rate is as follows:

	For the Year Ended December 31, 2019			For the Year Ended December 31, 2018
Statutory U.S. federal rate		21.0	%		21.0	%
State income tax, net of federal benefit		7.0	%		7.0	%
Permanent differences		24.7	%		2.0	%
Valuation allowances		(52.7	)%		(30.0	)%
Provision for income taxes		0.0	%		0.0	%

Schedule of deferred tax assets

The tax effects of the temporary differences and carry forwards that give rise to deferred tax assets consist of the following:

	December 31, 2019			December 31, 2018
Deferred tax assets:	$	3,923,581		$	2,302,880
Net operating loss carry forwards		1,149,301			1,149,301
Stock based compensation		(5,072,882	)		(3,452,181	)
Valuation allowances	$	—		$	—