Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities is as follows:

	December 31,		December 31,
	2018		2017
Deferred tax assets:
Net operating loss carryforwards	$	586,000	$	513,000
Deferred revenue		989,000		1,033,000
Non-qualified stock option expense		147,000		410,000
Investment in That’s Eatertainment (f/k/a MREC), a related party		39,000		28,000
Reserves, accruals and other		160,000		93,000
Tax intangible assets and accumulated depreciation/amortization		479,000		633,000
Total deferred tax assets		2,400,000		2,710,000
Less: Valuation allowance		-		-
Net deferred tax assets	$	2,400,000	$	2,710,000

Schedule of Significant Component of Income Tax Provision

Significant components of the (provision) benefit for income tax as follows:

	December 31,		December 31,
	2018		2017
Current	$	-	$	205,000
Deferred		310,000		1,714,000
Change in valuation allowance		-		(4,425,000	)
Provision for income taxes	$	310,000	$	(2,506,000	)

Schedule of Reconciliation of Income Tax Rate

The Company is subject to federal and state taxes. A reconciliation of the Company’s effective income tax rate to the federal statutory rate is as follows:

	December 31,			December 31,
	2018			2017
Federal income tax expense at the statutory rate	$	237,000		$	257,000
State income taxes, net of federal benefit		62,000			205,000
Permanent differences		72,932			20,000
Tax return true-ups and other		(61,932	)		61,000
Change in federal income tax rates		-			1,376,000
Change in valuation allowance		-			(4,425,000	)
Provision for income taxes	$	310,000		$	(2,506,000)