Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details Narrative)

Income Taxes (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Taxes (Details Narrative)    
US statutory federal income tax rate description The Act lowered the Company’s US statutory federal income tax rate from 35% to 21% effective January 1, 2018  
Federal and State corporate tax rate 26.00%  
Effective tax rate 26.00% 26.00%
Net operating loss carry-forward $ 87,800,000  
NOL carryforwards description The 20-year limitation was eliminated for losses incurred after January 1, 2018, giving the taxpayer the ability to carry forward losses indefinitely. However, NOL carry forward arising after January 1, 2018, will now be limited to 80% of taxable income. The $87.8 million available at December 31, 2019 includes $25.1 million of post 2017 NOLs without expiration dates and $62.7 million of pre-2018 NOLs expiring from 2021 to 2037. The NOL’s expiring in the next 5 years total approximately $0.4 million.