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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
Significant components of the Company’s deferred tax assets and deferred tax liabilities are as follows:
 
December 31,
 
2018
 
2017
Tax loss and contribution carryforwards
$
4,336,800

 
$
865,600

Tax credits
224,900



Share-based compensation
2,377,400

 
1,396,300

Intangible assets
1,677,600

 
1,588,700

Accrued expenses
151,800



Other
4,500

 
1,400

Valuation allowance
(8,773,000
)
 
(3,852,000
)
Total deferred tax assets, noncurrent
$

 
$

Schedule of Effective Income Tax Rate Reconciliation
The reasons for the difference between actual income tax expense (benefit) for the years ended December 31, 2018 and 2017, and the amount computed by applying the statutory federal income tax rate to losses before income tax (benefit) are as follows:
 
2018
 
2017
 
Amount
% of Pretax
Earnings
 
Amount
% of Pretax
Earnings
Income tax benefit at statutory rate
$
(5,074,100
)
(21.0
)%
 
$
(3,946,000
)
(34.0
)%
State income taxes, net of federal tax benefit
(477,200
)
(2.0
)%
 
(157,700
)
(1.4
)%
Non-deductible expenses
333,600

1.4
 %
 
342,400

3.0
 %
Credits
(224,900
)
(0.9
)%
 

 %
Change in federal tax rate

 %
 
2,234,800

19.3
 %
Change in state tax rate
(82,300
)
(0.3
)%
 
83,200

0.7
 %
Other
603,900

2.5
 %
 
(101,000
)
(0.9
)%
Change in valuation allowance
4,921,000

20.3
 %
 
1,544,300

13.3
 %
Income tax benefit
$

0.0
 %
 
$

 %