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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The provision (benefit) for income taxes consists of the following:

		2019				2018
Currently payable:
Federal		$	-			$	-
State			(68	)			6,920
Total currently payable			(68	)			6,920
Deferred:
Federal			(367,473	)			458,446
State			(124,975	)			67,451
Foreign			(116,863	)			(92,690.00	)
Total deferred			(609,311	)			433,207
Less: increase in allowance			476,972				(423,534	)
Net deferred			(125,419	)			9,673
Total income tax provision		$	(125,487	)		$	16,593

Schedule of Deferred Tax Assets and Liabilities

Individual components of deferred taxes are as follows:

Deferred tax assets:		2019				2018
Net operating loss carry forwards		$	11,188,858			$	10,135,005
Equity issued for services			169,445				152,240
Goodwill and other intangibles			675,885				788,288
Investment in pass-through entity			11,621				11,499
Deferred revenue			181,519				472,466
Operating Lease Liability			284,193				-
Other			376,462				470,780
Gross deferred tax assets			12,887,983				12,030,278
Deferred tax liabilities:
Goodwill and other intangibles			29,046				33,333
Depreciation and amortization			-				31,512
Right -of-use asset			284,193				-
Gross deferred tax liabilities			313,239				64,845
Less: valuation allowance			(12,618,311	)			(12,134,419	)
Net deferred tax liabilities		$	(43,567	)		$	(168,986	)

Schedule of Effective Income Tax Rate Reconciliation

The differences between the United States statutory federal income tax rate and the effective income tax rate in the accompanying consolidated statements of operations are as follows:

		2019				2018
Statutory United States federal rate			21.00	%			21.00	%
State income taxes net of federal benefit			3.28	%			4.00	%
Permanent differences			(1.61	)%			2.20	%
Other			(1.24	)%			0.70	%
Foreign taxes			(1.09	)%			1.70	%
Change in valuation reserves			(16.34	)%			(28.50)	%
Effective rate			4.00	%			1.10	%

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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
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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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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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