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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Summary of income taxes provision

		Years ended
		December 31,
		2017				2016
Current:
Federal		$	-			$	-
State and local			228,972				-
Total current provision			228,972				-
Deferred:
Federal			-				-
State and local			-				-
Total deferred provision			-				-
Total provision		$	228,972			$	-

Schedule of deferred tax assets and liabilities

		December 31,
		2017				2016
Deferred tax assets:
Net operating losses		$	4,327,027			$	1,847,247
Share-based compensation			868,222				2,521,303
Amortization of intangible assets			432,335				-
Tax credits			62,969				-
Other			12,755				-
Subtotal			5,703,308				4,368,550
Less valuation allowance:			(5,649,582	)			(4,307,813	)
Total deferred tax assets			53,726				60,737
Deferred tax liabilities:
Intangibles			-				(1,452,340	)
Property and equipment			(53,726	)			-
Other			-				(60,736	)
Total deferred tax liabilities			(53,726	)			(1,513,076	)
Net deferred tax liabilities		$	-			$	(1,452,339	)

Schedule of effective income tax rate

		Years ended   December 31,
		2017				2016
Income tax (expense) benefit at federal statutory rate			34.0	%			34.0	%
State and local taxes			(2.6	)%			11.0	%
Federal tax reform			(55.0	)%			-	%
Valuation allowance			25.3	%			185.7	%
Payable true-up			(3.8	)%			-	%
Other			(1.9	)%			(0.8	)%
NOL adjustment			-	%			(229.9	)%
Effective tax rate			(4.0	)%			0.0	%

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- References

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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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