Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of consolidated provision for income taxes
    Year Ended     Year Ended  
    December 31,
2018
    December 31,
2017
 
Income Tax Expense (benefit)            
Current federal tax expense            
Federal   $ -0-     $ -0-  
State     -0-       -0-  
Deferred tax (benefit)                
Federal   $ -0-     $ -0-  
State     -0-       -0-  
Total   $ -0-     $ -0-  
Schedule of deferred tax assets and liabilities

    Year Ended     Year Ended  
    December 31,
2018
    December 31,
2017
 
Deferred tax assets:            
Net operating losses     2,165,100       1,259,000  
Share based compensation     663,300       273,500  
Amortization of debt discount     346,400       -  
Reserve for inventory obsolescence   $ 53,700     $ 41,700  
Reserve for bad debt     12,400       34,200  
Less valuation allowance     (2,882,900 )     (1,398,400 )
                 
Total Deferred Tax Asset   $ 358,000     $ 210,000  

 

    Year Ended     Year Ended  
    December 31,
2018
    December 31,
2017
 
Deferred tax liabilities:            
Accumulated depreciation and amortization   $ (358,000 )   $ (210,000 )
Total deferred tax liabilities     (358,000 )     (210,000 )
                 
NET DEFERRED TAX   $ -0-     $ -0-