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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

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

		For The Years Ended
		December 31,
		2017			2016
Federal:
Current		$	-		$	-
Deferred			235,473			1,287,931
State and local:						-
Current			-			-
Deferred			80,301			151,521
			315,774			1,439,452
Change in valuation allowance			(315,774)			(1,439,452)
Income tax (provision) benefit		$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

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

		For The Years Ended
		December 31,
		2017			2016
Tax benefit at federal statutory rate			34.0	%		34.0	%
State income taxes, net of federal benefit			4.0	%		4.0	%
Incremental research and development credits			6.3	%		2.7	%
Prior period adjustments and other			(8.1)	%		0.0	%
Effect of tax rate changes			(30.0)	%		0.0	%
Change in valuation allowance			(6.2)	%		(40.7)	%
Effective income tax rate			0.0	%		0.0	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to deferred tax assets and liabilities are presented below:

		December 31,
		2017			2016
Deferred Tax Assets:
Net operating loss carryforwards		$	2,588,641		$	2,742,397
Stock-based compensation			347,977			333,066
Research & development tax credits			526,134			201,840
Intangible assets			364,508			234,183
Gross deferred tax assets			3,827,260			3,511,486
Valuation allowance			(3,827,260)			(3,511,486)
Deferred tax assets, net of valuation allowance		$	-		$	-
Changes in valuation allowance		$	(315,774)		$	(1,439,452)

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- References

No definition available.

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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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

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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

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