Annual report pursuant to Section 13 and 15(d)

Provision for Income Taxes (Tables)

v3.20.1
Provision for Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of income tax rate reconciliation
    2019     2018  
Net operating loss carryforwards     21.0 %     23.9 %
State taxes, net of federal benefit     5.0 %     5.0 %
Federal research and development tax credit     0.3 %     0.3 %
Other     4.5 %     4.5 %
Change in deferred tax asset valuation allowance     (30.8 )     (33.7 )%
Effective income tax rate     0.0 %     0.0 %
Schedule of deferred tax assets
    2019     2018  
Net operating loss carryforwards   $ 6,206,314     $ 4,964,400  
Tax credit carryforwards     197,747       112,200  
Non-qualified stock options     862,413       832,000  
Gross deferred tax assets     7,266,474       5,908,600  
Valuation allowance     (7,266,474 )     (5,908,600 )
Net deferred tax assets   $     $