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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Taxes [Abstract] |
Schedule of he income tax provision |
|  | During the Year Ended December 31, |
|  | 2018 |  |  | 2017 |
Current |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | (820 | ) |  |  | 14,476 |
Current subtotal |  |  | (820 | ) |  |  | 14,476 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | (274,495 | ) |  |  | (173,180 | )
State |  |  | (504,072 | ) |  |  | (111,629 | )
Deferred subtotal, gross |  |  | (778,567 | ) |  |  | (284,809 | )
Valuation allowance |  |  | 1,241,007 |  |  |  | — |
Deferred subtotal, net |  |  | 462,440 |  |  |  | (284,809 | )
Income tax expense (benefit) |  | $ | 461,620 |  |  | $ | (270,333 | )
Schedule of actual income tax expense (benefit) differs from the expected tax |
|  | During the Year Ended December 31, |
|  | 2018 |  |  | 2017 |
|  | $ |  |  | % |  |  | $ |  |  | % |
Computed expected tax benefit/rate |  | $ | (390,610 | ) |  |  | (21.00 | )% |  | $ | (149,083 | ) |  |  | (34.00 | )%
State income taxes, net of federal expense |  |  | 136,843 |  |  |  | 7.36 |  |  |  | 30,089 |  |  |  | 6.86 |
Share-based compensation |  |  | 67,181 |  |  |  | 3.61 |  |  |  | 55,955 |  |  |  | 12.76 |
Tax credits |  |  | (602,813 | ) |  |  | (32.41 | ) |  |  | (137,983 | ) |  |  | (31.47 | )
Deferred tax statutory rate change |  |  | — |  |  |  | — |  |  |  | (71,034 | ) |  |  | (16.20 | )
Valuation allowance |  |  | 1,241,007 |  |  |  | 66.72 |  |  |  | — |  |  |  | — |
Other |  |  | 10,012 |  |  |  | 0.54 |  |  |  | 1,723 |  |  |  | 0.40 |
Income tax expense (benefit)/rate |  | $ | 461,620 |  |  |  | 24.82 | % |  | $ | (270,333 | ) |  |  | (61.65 | )%
Schedule of components of our deferred tax assets, net |
|  | As of December 31, |
|  | 2018 |  |  | 2017 |
Product rights |  | $ | 14,226 |  |  | $ | 29,261 |
Property, plant and equipment |  |  | (2,534,799 | ) |  |  | (527,186 | )
Federal general business tax credits |  |  | 407,023 |  |  |  | 335,486 |
Federal net operating loss carryforwards |  |  | 2,486,263 |  |  |  | 359,764 |
State tax credits carryover |  |  | 845,967 |  |  |  | 242,244 |
Interest rate swaps |  |  | (10,052 | ) |  |  | 233 |
Prepaid expenses and other |  |  | 13,354 |  |  |  | 16,355 |
UNICAP |  |  | 19,025 |  |  |  | 16,569 |
Valuation allowance |  |  | (1,241,007 | ) |  |  | — |
Deferred tax assets, net |  | $ | — |  |  | $ | 472,726 |

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