Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities consist of the following at December 31, 2020 and 2019:

	2020			2019
Assets:
Net operating loss carryforwards	$	1,937,626		$	2,255,880
Charitable Contribution Carryforward		797			780
Goodwill		287,878			294,822
Other Assets		45,453			48,878
Total Assets		2,271,754			2,600,360
Liabilities:
Depreciable Assets		45,177			4,847
Other Intangible Assets		923,224			973,073
Total Liabilities		968,401			977,920
Net Asset before Valuation allowance		1,303,353			1,622,440
Valuation allowance		(1,303,353	)		(1,622,440	)
Net deferred tax (liability) asset	$	-		$	-

Schedule of Effective Income Tax Rate and the Federal Statutory Income Tax Rate

A reconciliation between the Company’s effective income tax rate and the federal statutory income tax rate for the years ended December 31, 2020 and 2019 is as follows:

	2020			2019
Federal statutory income tax benefit		21.0	%		21.0	%
State income taxes, net of federal income tax benefit		-13.2	%		0.0	%
Permanent differences and other		0.9	%		-0.1	%
Change in valuation allowance		46.9	%		-14.8	%
Effect of flow through entity		-55.6	%		-6.1	%
Effective income tax rate		0.0	%		0.0	%