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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of difference between the effective income tax rate and the applicable statutory federal income tax

The difference between the effective income tax rate and the applicable statutory federal income tax rate is summarized as follows:

 

   2019   2018 
Statutory federal rate   21.0%   (21.0)%
State income tax rate, net of federal benefit   4.35%   (4.35)%
Permanent differences, including stock-based compensation   9.25%   5.6%
Change in valuation allowance, including effect of change in tax rates   (34.60)%   19.75%
Difference in foreign tax rates   —    —%
Effective tax rate   0.0%   0.0%
Schedule of deferred tax assets

At December 31, 2019 and 2019, the Company's deferred tax assets were as follows:

 

Deferred Tax Liability  2019   2018 
         
Property and equipment   (19,000)   (2,000)
Total deferred tax liability   (19,000)   (2,000)

 

Deferred Tax Assets  2019   2018 
         
Federal and state net operating loss carry forward   8,400,000    12,082,000 
Foreign net operating loss carry forward-Asia and Europe   7,900,000    3,123,000 
Other temporary differences   169,000    63,000 
Total deferred tax asset   16,469,000    15,268,000 
Net deferred tax asset   16,450,000    15,266,000 
Less valuation allowance   (16,450,000)   (15,266,000)
   $—   $—