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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Summary of Effective Tax Rate and the Statutory Federal Rate | The table below summarizes the differences between the Company’s effective tax rate of 25% and the statutory federal rate as follows for the years ended December 31, 2019 and 2018:
|  | December 31, 2019 |  |  | December 31, 2018 |
Tax expense (benefit) computed at “expected” statutory rate |  | $ | (301,668 | ) |  | $ | (222,448 | )
State income taxes, net of benefit |  |  | (62,488 | ) |  |  | (46,078 | )
Permanent differences: |  |  |  |  |  |  |  |
Stock based compensation and consulting |  |  | 56,901 |  |  |  | (52,316 | )
Loss (gain) from change in fair value of derivative liability |  |  |  |  |  |  | - |
Other |  |  | 45,466 |  |  |  | (3,648 | )
Valuation allowance |  |  |  |  |  |  | 219,858 |
Net income tax expense/(benefit) |  | $ | (261,789 | ) |  | $ | - |
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities are provided for significant income and expense items recognized in different years for tax and financial reporting purposes. Temporary differences, which give rise to a net deferred tax asset is as follows:
|  | December 31, 2019 |  |  | December 31, 2018 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforward |  | $ | 962,909 |  |  | $ | 947,937 |
Total deferred tax assets |  | $ | 962,909 |  |  | $ | 947,937 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Book basis of property and equipment in excess of tax basis |  | $ |  |  |  | $ | - |
Total deferred tax liabilities |  | $ |  |  |  | $ | - |
Net deferred tax asset before valuation allowance |  | $ | 962,909 |  |  | $ | 947,937 |
Less: valuation allowance |  |  | (962,909 | ) |  |  | (947,937 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |

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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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- 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
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