Income taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of the Statutory Federal Income Tax Expense

A reconciliation of the statutory federal income tax expense to the income tax expense from continuing operations provided at December 31, 2019 and 2018 as follows:

	Year Ended			Year Ended
	December 31,			December 31,
	2019			2018
Income tax expense at the federal statutory rate	$	1,446,224		$	(4,617	)
State income taxes - net of federal income tax benefits		(29,220	)		(1,018	)
Change in valuation allowance		24,603			5,635
Total income tax expense (benefit)	$	1,441,607		$	-

Provision for Income Taxes

The provision for income taxes consisted of the following for the years ended December 31, 2019 and 2018:

	Year Ended			Year Ended
	December 31,			December 31,
	2019			2018
Current income tax expense
Federal	$	1,443,960		$	—
State		—			—
Total current income tax expense	$	1,443,960		$	—
Deferred income tax expense
Federal	$	(2,353	)	$	—
State		—			—
Total deferred income tax expense	$	(2,353	)	$	—
Provision for income taxes	$	1,441,607		$	—

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2019 and 2018 are as follows:

	Year Ended			Year Ended
	December 31,			December 31,
	2019			2018
Deferred tax assets/(liabilities)
Tax attribute carryovers	$	32,591		$	5,635
Valuation allowance		(30,238	)		(5,635	)
Net deferred tax assets/(liabilities)	$	2,353		$	5,635