XML 45 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and liabilities as of December 31, 2017 and 2016 are presented below:

		For the Years Ended
		December 31,
		2017				2016
Deferred tax assets:
Net operating loss carryforwards		$	2,058,299			$	1,544,234
Receivable allowance			27,000				18,000
Stock-based compensation			200,471				-
Accruals			20,250				-
Intangible assets			603,746				-
Deferred revenues			264,330				174,600
Gross deferred tax asset			3,174,096				1,736,834
Deferred tax liabilities:
Beneficial conversion feature			-				(952,336	)
Intangible assets			-				(246,527	)
Gross deferred tax liabilities			-				(1,198,863	)
Net deferred tax assets			3,174,096				537,971
Valuation allowance			(3,174,096	)			(784,498	)
Net deferred tax liability		$	-			$	(246,527	)

Schedule of Income Tax Provision

The income tax provision for the periods shown consist of the following:

		For the Years Ended
		December 31,
		2017				2016
Federal:
Current		$	-			$	-
Deferred			2,050,319				206,566
State and local:
Current			-				-
Deferred			585,806				36,452
			2,636,125				243,018
Change in valuation allowance			(2,389,598	)			(370,300	)
Income tax benefit (provision)		$	246,527			$	(127,282	)

Schedule of Reconciliation of Statutory Federal Income Tax Rate

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the periods shown, are as follows:

		For the Years Ended
		December 31,
		2017				2016
Federal income tax benefit at statutory rate			21.0	%			34.0	%
State income tax benefit, net of federal impact			6.0	%			6.0	%
Permanent differences			(0.8	%)			(0.3	%)
Income passed through to non-controlling interests			(4.1	%)			(10.5	%)
Change in effective rate			(9.8	%)			-
Other			(0.9	%)			-
Change in valuation allowance			(13.1	%)			(32.3	%)
Effective income tax rate			(1.7	%)			(3.1	%)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration