XML 53 R36.htm IDEA: XBRL DOCUMENT v3.19.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Tax (Benefits) are Attributable to Continuing Operations

The components of the provision for income tax (benefits) are attributable to continuing operations as follows:

December 31, 2018

December 31, 2017

December 31, 2016

Current

Federal

$

—

$

—

$

—

State

—

—

—

$

—

$

—

$

—

Deferred

Federal

$

—

$

—

$

—

State

—

—

—

$

—

$

—

$

—

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2018 are as follows:

Deferred tax assets:
Net operating loss and tax credit carryforwards		$	48,404,432
Capital loss carryforward			147,552
Accrued expenses			559,096
Reserve for Dorado accounts receivable			287,335
Start-up costs			7,042
Excess of book over tax depreciation			707,044
Stock option and restricted stock award expense			1,331,067
Investment in unconsolidated entities			1,387,970
Less: valuation allowance			(52,684,059	)
		$	147,479
Deferred tax liability:
Property and equipment basis		$	43,155
Prepaid expenses			104,324
		$	147,479
Net deferred tax asset		$	—

Schedule of Change in Valuation Allowance

The change in the valuation allowance is as follows:

December 31, 2018		$	52,684,059
December 31, 2017			49,235,133
Change in valuation allowance		$	3,448,926

Schedule of Federal and State income Tax Provision (Benefit)

The federal and state income tax provision (benefit) is summarized as follows for the years ended:

		December 31, 2018				December 31, 2017				December 31, 2016
Expected (benefit)		$	(1,923,757	)		$	(3,718,058	)		$	(2,186,550	)
Effects of:
State income taxes net of federal benefits			(92,707	)			(110,667	)			(65,082	)
Nondeductible expense			29,670				711,679				(1,083,185	)
Change in valuation allowance			3,765,560				28,258,724				4,189,828
Foreign Rate Differential			(1,778,766	)			(1,097,681	)			(855,011	)
Change in Deferred Taxes due to enacted changes in tax law			—				(24,043,997	)			—
		$	—			$	—			$	—

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-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

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ 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
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration