INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

INCOME TAXES [Abstract]

Provision for Income Taxes

The provision for income taxes consists of the following components for the years ended December 31:

	2019		2018
Current:
Federal and state	$	97,465	$	125,356
Foreign		278,004		109,917
Total current provision/(benefit)		375,469		235,273
Deferred:
Federal and state		-		-
Foreign		13,188		24,478
Valuation allowance		-		6,088,751
Total deferred expense (benefit)		13,188		6,113,229
Total income tax expense (benefit)	$	388,657	$	6,348,502