INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

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

		For the Nine Months Ended
		September 30,
		2017		2016
Current tax expense:
Federal	$	-	$	-
State		-		-
Current tax expense		-		-
Deferred tax expense (benefit):
Goodwill		383,331		383,331
Valuation Allowance		(557,580)		(859,763)
Net operating loss carryforward		174,249		476,432
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 Nine Months Ended September 30,
		2017		2016
Computed tax at the expected statutory rate	$	465,893	$	719,616
State and local income taxes, net of federal		90,565		139,647
Other non-deductible expenses		1,122		500
Valuation Allowance		(557,580)		(859,763)
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 September 30, 2017 and December 31, 2016:

		September 30,		December 31,
		2017		2016
Net deferred tax assets (liabilities):
Goodwill - impaired		2,903,618		2,903,618
Goodwill – tax amortization		(5,373,289)		(4,862,181)
Net operating loss carryforward		5,481,624		5,799,550
Valuation allowance		(3,011,953)		(3,840,987)
Net term deferred tax assets (liabilities)	$	-	$	-