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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Summary of income taxes provision

		December 31,
		2019				2018
Current
Federal		$	(151,597	)		$	-
State and local			10,004				3,001
Total current			(141,593	)			3,001
Deferred
Federal			-				-
State and local			-				-
Change in valuation allowance			-				-
Total deferred			-				-
Total provision (benefit)		$	(141,593	)		$	3,001

Schedule of deferred tax assets and liabilities

		December 31,
		2019				2018
Deferred tax assets:
Net operating losses		$	4,265,150			$	4,529,410
Share-based compensation			989,763				1,061,421
Amortization of intangible assets			1,056,162				767,591
Rent			168,036				-
Tax credits			62,969				62,969
Other			72,032				10,528
Subtotal			6,614,116				6,431,919
Less: valuation allowance:			(6,349,900	)			(6,339,578	)
Total deferred tax assets			264,216				92,341
Deferred tax liabilities:
Intangibles			-				-
Property and equipment			(264,216	)			(92,341	)
Other			-				-
Total deferred tax liabilities			(264,216	)			(92,341	)
Net deferred tax assets		$	-			$	-

Schedule of effective income tax rate

		2019				2018
Income tax (expense) benefit at federal statutory rate			21.0	%			21.0	%
Permanent differences			(6.7	)%			(0.7	)%
State and local taxes			(0.2	)%			(2.4	)%
Valuation allowance			(0.1	)%			(18.2	)%
Deferred tax adjustment			(12.6	)%			0.0	%
Other			0.1	%			0.2	%
Effective tax rate			1.6	%			(0.1	)%

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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

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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.

+ 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

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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://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

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