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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit (Provision)

The income tax benefit (provision) consists of the following:

		2018				2017
Current		$	—			$	—
Deferred			(1,503,000	)			5,063,000
Change in valuation allowance			1,503,000				(5,063,000	)
		$	—			$	—

Schedule of Reconciliation of Statutory Federal Rate to Effective Income Tax Rate

The reconciliation of the statutory federal rate to the Company’s effective income tax rate is as follows:

		2018								2017
		Amount				%				Amount				%
Income tax benefit at U.S. federal income tax rate		$	(1,213,000	)			(21	)		$	(1,955,000	)			(34	)
State tax benefit, net of federal tax effect			(346,000	)			(6	)			(345,000	)			(6	)
Non-deductible share-based compensation			56,000				1				250,000				4
Tax rate change			—				—				7,113,000				124
Change in valuation allowance			1,503,000				26				(5,063,000	)			(88	)
		$	—				—			$	—				—

Schedule of Components of Deferred Tax Assets

The components of deferred tax assets as of December 31, 2018 and 2017 are as follows:

		2018				2017
Deferred tax asset for NOL carryforwards		$	11,892,000			$	10,440,000
Share-based compensation			1,873,000				1,822,000
Valuation allowance			(13,765,000	)			(12,262,000	)
		$	—			$	—

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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://fasb.org/us-gaap/role/ref/legacyRef
-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

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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