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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Expense) Benefit

The provision for income taxes for the years ended December 31, 2018 and 2017 consists of the following:

 

   2018   2017 
Current          
Federal  $766,070   $1,015,724 
State   -    - 
    766,070    1,015,724 
           
Deferred          
Federal   -    - 
State   -    - 
           
Provision for income taxes  $766,070   $1,015,724 
Schedule of Effective Income Tax Rate Reconciliation

The following reconciles the Federal statutory income tax rate to the Company’s effective tax rate for the years ended December 31, 2018 and 2017:

 

   2018   2017 
    %    % 
Federal statutory rate   21.00    34.00 
Permanent and other items   (5.81)   (0.06)
Beneficial conversion feature   -    (20.05)
Federal income taxes audit and other adjustments   93.55   - 
Rate change   -    (10.40)
Change in valuation allowance   (102.77)   (1.49)
    5.97    2.00 
Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are comprised of the following at December 31, 2018 and 2017:

 

   2018   2017 
Deferred income tax assets:          
Amortization  $914,520   $978,688 
Net operating loss carryforward   19,567,649    5,244,000 
Goodwill and intangible assets   -    (112,742)
Allowance for doubtful accounts   703,873    259,110 
Charitable contributions   593    618 
Stock options   936,641    700,745 
Accrued liabilities   390,041    121,993 
Business interest expense   989,408    - 
Deferred state tax asset   1,139,059    595,531 
    24,641,784    7,787,943 
           
Deferred income tax liabilities:          
Depreciation   (2,301,605)   (406,310)
    -    (406,310)
Deferred tax asset, net   22,340,179    7,381,633 
           
Less: valuation allowance   (22,340,179)   (7,381,633)
           
Net deferred tax assets  $-   $-