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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of statutory federal income tax rate | The difference between the effective income tax rate and the applicable statutory federal income tax rate is summarized as follows:
|  | 2017 |  |  | 2016 |
Statutory federal rate |  |  | (35.0 | )% |  |  | (35.0 | )%
State income tax rate, net of federal benefit |  |  | (3.5 | )% |  |  | (3.5 | )%
Permanent differences, including stock based compensation |  |  | 5.9 | % |  |  | 25.5 | %
Change in valuation allowance |  |  | 23.1 | % |  |  | 13.0 | %
Difference in foreign tax rates |  |  | 9.5 | % |  |  | 0.0 | %
Effective tax rate |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of deferred tax assets | At December 31, 2017 and 2016, the Company’s deferred tax assets were as follows:
Deferred Tax Liability |  | 2017 |  |  | 2016 |
Property and equipment |  |  | (7,000 | ) |  |  | — |
Total deferred tax liability |  |  | (7,000 |  |  |  | 0.0 |
Deferred Tax Assets |  | 2017 |  |  | 2016 |
Federal and state net operating loss carry forward |  |  | 11,767,000 |  |  |  | 17,248,000 |
Foreign net operating loss carry forward |  |  | 1,455,000 |  |  |  | — |
Other temporary differences |  |  | 39,000 |  |  |  | — |
Total deferred tax asset |  |  | 13,261,000 |  |  |  | 17,248,000 |
Net deferred tax asset |  |  | 13,254,000 |  |  |  | 17,248,000 |
Less valuation allowance |  |  | (13,254,000 | ) |  |  | (17,268,000 | )
|  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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