Annual report pursuant to Section 13 and 15(d)

Note 9 - Income Taxes (Tables)

v3.19.1
Note 9 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   
December 31,
2018
   
December 31,
2017
 
   
Amount
   
%
   
Amount
   
%
 
Tax benefit at the U.S. federal statutory rate
  $
(1,956,137
)
   
(21.00
%)
  $
(2,543,412
)
   
(34.00
%)
Tax rate change
   
     
     
3,391,624
     
45.34
%
Permanent differences
   
119,266
     
1.28
%
   
8,908
     
0.11
%
Return to provision
   
(94,219
)
   
(1.01
%)
   
(92,256
)
   
(1.23
%)
Valuation allowance
   
1,931,090
     
20.73
%
   
(764,864
)
   
(10.23
%)
Effective income tax rate
  $
     
%
  $
     
%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
December 31,
2018
   
December 31,
2017
 
Assets related to:
               
Accounts payable and accrued liabilities
  $
1,224,599
    $
325,560
 
Net operating losses
   
6,240,595
     
5,192,813
 
Total deferred tax assets
   
7,465,194
     
5,518,373
 
Valuation allowance for deferred tax assets
   
(7,409,867
)
   
(5,478,777
)
Net deferred tax
   
55,327
     
39,596
 
Liabilities related to:
               
Accounts receivable and prepaid expenses
   
(27,976
)
   
(665
)
Depreciation and amortization of property and equipment and intangibles
   
(27,351
)
   
(38,931
)
Net deferred tax liabilities
   
(55,327
)
   
(39,596
)
                 
Net deferred tax assets
  $
    $