Schedule of deferred tax assets and liabilities |
|
|
Year Ended |
|
|
Year Ended |
|
|
|
December 31,
2019 |
|
|
December 31, 2018 |
|
Deferred tax assets: |
|
|
|
|
|
|
Net operating losses |
|
|
1,033,300 |
|
|
$ |
2,165,100 |
|
Deferred right to use lease liabilities |
|
|
1,671,700 |
|
|
|
- |
|
Stock based compensation |
|
|
354,800 |
|
|
|
663,300 |
|
Amortization of debt discount |
|
|
- |
|
|
|
346,400 |
|
Accruals, reserves and other |
|
|
160,200 |
|
|
|
66,100 |
|
|
|
|
3,220,000 |
|
|
|
3,240,900 |
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
Deferred right to use lease
assets |
|
|
1,678,300 |
|
|
|
- |
|
Accumulated depreciation and amortization |
|
$ |
360,000 |
|
|
$ |
358,000 |
|
|
|
|
2,038,300 |
|
|
|
358,000 |
|
Gross deferred tax asset |
|
|
1,181,700 |
|
|
|
2,882,900 |
|
Valuation Allowance |
|
|
(1,181,700 |
) |
|
|
(2,882,900 |
) |
Deferred tax
asset (liability), net |
|
$ |
0 |
|
|
$ |
-0 |
|
|