INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

The components of income tax expense (benefit) from continuing operations for the six months ended June 30, 2017 and 2016 consist of the following:

		For the Six Months Ended
		June 30,
		2017		2016
Current tax expense:
Federal	$	-	$	-
State		-		-
Current tax expense		-		-
Deferred tax expense (benefit):
Goodwill		255,554		255,554
Valuation Allowance		(85,657)		(541,390)
Net operating loss carryforward		(167,897)		285,836
Subtotal deferred tax expense/(benefit)		-		-
Income tax expense/(benefit)	$	-	$	-

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense as the federal statutory rate to income tax expense at the Company’s effective rate is as follows:

		For the Six Months Ended June 30,
		2017		2016
Computed tax at the expected statutory rate	$	70,984	$	453,267
State and local income taxes, net of federal		13,912		87,935
Other non-deductible expenses		761		188
Valuation Allowance		(87,657)		(541,390)
Income tax expense/(benefit)	$	-	$	-

Schedule of Deferred Tax Assets and Liabilities

The temporary differences, tax credits and carryforwards gave rise to the following deferred tax asset at June 30, 2017 and December 31, 2016:

		June 30,		December 31,
		2017		2016
Net deferred tax assets (liabilities):
Goodwill - impaired		2,903,618		2,903,618
Goodwill – tax amortization		(5,245,512)		(4,989,958)
Net operating loss carryforward		5,825,770		5,655,873
Valuation allowance		(3,483,876)		(3,569,533)
Net term deferred tax assets (liabilities)	$	-	$	-