Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are as follows:

	For the Year Ended December 31, 2017		For the Year Ended December 31, 2016
Current:
Federal	$	-	$	-
State		40,818		51,627
		40,818		51,627
Deferred:
Federal		-		-
State		-		-
		-		-
Total Income tax expense (benefit)	$	40,818	$	51,627

Significant Components of Deferred Income Tax Assets and Liabilities

Significant components of the Company's deferred income tax assets and liabilities are as follows:

	December 31, 2017			December 31, 2016
Deferred tax assets:
Net operating loss carryover	$	172,704		$	224,381
Intangibles		40,342			-
Accounts receivable		81,927			-
Compensation		57,458			80,850
Inventory		25,792			-
Total deferred tax assets		378,223			305,231
Deferred tax liabilities:
Prepaid expenses		-			-
Property and equipment		(2,945	)		2,795
Total deferred tax liabilities		(2,945	)		2,795
Deferred tax assets, net		375,278			308,026
Valuation allowance:
Beginning of year		(308,026	)		(700,713	)
(Increase) decrease during year		308,026			392,687
Ending balance		-			(308,026	)
Net deferred tax asset	$	375,278		$	-

Reconciliation of Income Tax Computed at U.S. Statutory Rate to Effective Income Tax Rate

A reconciliation of income tax computed at the U.S. statutory rate to the effective income tax rate is as follows:

	For the Year Ended December 31, 2017			For the Year Ended December 31, 2016
Statutory U.S. federal income tax rate		35.0	%		35.0	%
State income taxes, net of federal tax benefit		5.8	%		1.7	%
Permanent differences		3.8	%		0.3	%
Other reconciling items		20.5	%		19.8	%
LLC flow-through structure		(59.3	%)		(42.1	%)
Valuation allowance		0.0	%		(13.0	%)
Effective income tax rate		5.8	%		1.7	%