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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019

December 31, 2018

December 31, 2017

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 for the years ended December 31, 2019 and 2018 are as follows:  

		2019				2018
Deferred tax assets:
Net operating loss and tax credit carryforwards		$	52,876,144			$	48,404,432
Capital loss carryforward			5,052				147,552
Accrued expenses			614,467				559,096
Reserve for Dorado accounts receivable			156,538				287,335
Start-up costs			2,595				7,042
Excess of book over tax depreciation			604,287				707,044
Stock option and restricted stock award expense			1,343,100				1,331,067
Investment in unconsolidated entity			1,387,970				1,387,970
Less: valuation allowance			(56,819,522	)			(52,684,059	)
		$	170,631			$	147,479
Deferred tax liability:
Property and equipment basis		$	43,155			$	43,155
Prepaid expenses			127,476				104,324
		$	170,631			$	147,479
Net deferred tax asset		$	—				—

Schedule of Change in Valuation Allowance

The change in the valuation allowance is as follows:

December 31, 2019		$	56,819,522
December 31, 2018			52,684,059
Change in valuation allowance		$	4,135,463

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, 2019				December 31, 2018				December 31, 2017
Expected (benefit)		$	(3,254,942	)		$	(1,923,757	)		$	(3,718,058	)
Effects of:
State income taxes net of federal benefits			(156,858	)			(92,707	)			(110,667	)
Nondeductible expense			262,776				29,670				711,679
Change in valuation allowance			5,170,161				3,765,560				28,258,724
Foreign Rate Differential			(2,021,137	)			(1,778,766	)			(1,097,681	)
Change in Deferred Taxes due to enacted changes in tax law											(24,043,997	)
		$	—			$	—			$	—

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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.

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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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.

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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.

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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.

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