Annual report pursuant to Section 13 and 15(d)

L. INCOME TAXES (Tables)

v3.19.1
L. INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of reconcilation of tax expense
    2018     2017  
Tax provision (benefits) computed at the statutory rate   $ (631,497 )   $ 1,000,507  
State taxes     6,874       8,419  
Tax credits           (67,357 )
Book expenses not deductible for tax purposes     2,882       6,782  
Tax Cut and Jobs Act impact           12,721,278  
Sale of subsidiary           45,327  
Other(prior period adjustments)     (27,286 )     5,750  
      (649,027 )     13,720,706  
Change in valuation allowance for deferred tax assets     658,650       (13,710,944 )
Income tax expense   $ 9,623     $ 9,762  
Schedule of deferred tax assets and liabilties
    2018     2017  
Deferred Tax Assets:                
Net operating loss carry forwards   $ 20,342,559       21,077,944  
Intangibles     318,178       422,955  
Credits     112,086       67,357  
Other     613,202       512,796  
Total deferred tax assets     21,386,025       22,081,052  
                 
Deferred Tax Liabilities:                
Intangibles            
Total deferred tax liabilities            
Valuation allowance     (21,386,025 )     (22,081,052 )
Net deferred tax liabilities   $