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INCOME TAXES (Table) | 3 Months Ended
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Mar. 31, 2018
Income Tax Disclosure [Abstract] |
Reconciliation of benefit (expense) for income taxes | Reconciliation of the benefit (expense) for income taxes with amounts determined by applying the statutory federal income rate of 21% in 2018 and 34% in 2017 and 2016 to the respective losses before income taxes as follows:
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net (Loss) |  | $ | (1,797,228 | ) |  | $ | (5,788,901 | ) |  | $ | (155,024 | )
Benefit (expense) for income taxes computed using the statutory rate of 21% and 34% |  |  | 377,418 |  |  |  | 1,968,226 |  |  |  | 52,708 |
Non-deductible expense |  |  | (161,864 | ) |  |  | (360,952 | ) |  |  | (5,274 | )
Re-measurement of deferred income taxes due to tax reform |  |  | - |  |  |  | (632,683 | ) |  |  | - |
Change in valuation allowance |  |  | (215,554 | ) |  |  | (974,591 | ) |  |  | (47,434 | )
Provision for income taxes |  | $ | - |  |  | $ | - |  |  | $ | - |
Schedule of Deferred Tax Assets and Liabilities |
Significant components of the Company's deferred tax liabilities and assets at March 31, 2018 and 2017 are as follows: |  |  |  |  |  |  |  |  |
|  | 2018 |  | 2017 |  | 2016 |
Total deferred tax assets – net operating losses |  | $ | 1,237,579 |  |  | $ | 1,022,025 |  |  | $ | 47,434 |
Deferred tax liabilities |  |  | - |  |  |  | - |  |  |  | - |
Net deferred tax assets |  |  | 1,237,579 |  |  | $ | 1,022,025 |  |  |  | 47,434 |
Valuation allowance |  | $ | (1,237,579 | ) |  | $ | (1,022,025 | ) |  | $ | (47,434 | )
|  | $ | - |  |  | $ | - |  |  | $ | - |
Summary of Operating Loss Carryforwards | At March 31, 2018, net operating loss ("NOL") carry forwards summary follows:
Expiring December 31, |  |  |
2036 |  | $ | 139,512 |
2037 |  |  | 4,727,276 |
|  |  | 4,866,788 |
2018 Non-Expiring NOL |  |  | 1,026,447 |
Total NOL Carryforward |  | $ | 5,893,235 |

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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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