XML 88 R41.htm IDEA: XBRL DOCUMENT v3.19.3

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017 are presented below:

		For the Years Ended
		December 31,
		2018				2017
Deferred tax assets:
Net operating loss carryforwards		$	3,328,192			$	2,058,299
Receivable allowance			30,800				27,000
Stock-based compensation			244,157				200,471
Accruals			44,816				20,250
Intangible assets			527,235				603,746
Deferred revenues			166,025				264,330
Gross deferred tax asset			4,341,225				3,174,096
Deferred tax liabilities:
Beneficial conversion feature			(352,111	)			-
Deferred Rent			(5,798	)			-
Gross deferred tax liabilities			(357,909	)			-
Net deferred tax assets			3,983,316				3,174,096
Valuation allowance			(3,983,316	)			(3,174,096	)
Net deferred tax assets, net of valuation allowance		$	-			$	-

Schedule of Income Tax (Provision) Benefit

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

		For the Years Ended
		December 31,
		2018				2017
Federal:
Current		$	-			$	-
Deferred			606,915				2,050,319
State and local:
Current			-				-
Deferred			202,305				585,806
			809,220				2,636,125
Change in valuation allowance			(809,220	)			(2,389,598	)
Income tax (provision) benefit		$	-			$	246,527

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,
		2018				2017
Federal income tax benefit at statutory rate			21.0	%			21.0	%
State income tax benefit, net of federal impact			7.0	%			6.0	%
Permanent differences			(0.6	)%			(0.8	)%
Income passed through to non-controlling interests			(0.0	)%			(4.1	)%
Change in effective rate			(3.0	)%			(9.8	)%
Other			(0.1	)%			(0.9	)%
Change in valuation allowance			(24.3	)%			(13.1	)%
Effective income tax rate			0.0	%			(1.7	)%

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