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6. Income Taxes
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Income Taxes

The Company had a deferred tax asset, as a result of prior operating losses, of $5.7 million at December 31, 2017 and $4.8 million at December 31, 2018, which expires between the years 2019 and 2036. The net operating loss carry-forward is approximately $15 million to prevent the Company from having to pay income tax on the amount of that operating loss carry-forward, however the carrying value of that deferred tax asset was significantly reduced by the 2017 Tax Act which lowered the highest corporate income tax rate from 34% to 21%. In 2016, 2017 and 2018, the Company used deferred benefits to offset its tax expense of $488,000 and $442,000 and recorded a tax benefit of $503,000, respectively, and tax benefits from loss on discontinued operations of $1.0 million in 2016, $57,000 in 2017 and $12,000 in 2018, however the Company recorded a tax expense of $4.1 million in 2017 to lower the carrying value of the deferred tax credit as a result of the corporate tax rate being reduced from 34% to 21%, as explained above. The Company also recorded $1.4 million in additional tax in 2018 after evaluating its deferred tax asset and determined that $1.4 million of the deferred tax credits may expire in 2019 and 2020 before they are fully utilized. As a result of the loss carry-forwards, the Company did not pay any income taxes in 2016, 2017 and 2018. There are no other material differences between reported income tax expense or benefit and the income tax expense or benefit that would result from applying the Federal and state statutory tax rates.