8. Income Taxes

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

At December 31, 2018, the Company had an operating loss carryforward of approximately $68,476,000 available to reduce future taxable income. These operating losses expire at various dates through 2037.

The following summarizes the temporary differences of the Company at September 30, 2019 and December 31, 2018 at the statutory rate: 

	September 30,			December 31,
	2019			2018
	($ in thousands)
Deferred tax asset
Net operating loss carryforward	$	17,424		$	17,119
Expenses capitalized under IRC 263(a)		37			37
Tax credits (AMT)		57			57
Valuation allowance		(17,518	)		(17,213	)
Total deferred tax asset		-			-