Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of components of loss before income taxes
    2018       2017  
                 
Current Federal     -       -  
Current State & Local     -       -  
    Total Current     -       -  
                 
Deferred Federal     -       -  
Deferred State & Local     -       -  
    Total Deferred     -       -  
                 
Total     -       -
Schedule of reconciliation of the statutory federal income tax
  12/31/2018   12/31/2017
         
Federal tax benefit at statutory rates   21.0%   35.0%
State and local tax at statutory rate   0.8%   0.6%
Mark-to-Market Adjustment on Stock Warrants   1.5%   0.0%
Other permanent differences and credits   0.0%   (0.1)%
Change in valuation allowance   (23.3)%   (35.5)%
         
Total tax expense   0.0%   0.0%
Schedule of deferred tax assets and liabilities
    2018     2017  
Deferred Tax Assets:            
Accrued Expenses & Reserves   $ 850,857     $ 308,116  
Warranty Allowance     1,539,765       31,097  
Non-Qualified Stock Options     1,034,261       796,999  
Fixed Assets     183,917       170,072  
Disallowed Interest Expense     1,118,212       -  
Net Operating Losses     24,818,785       19,729,451  
Total Deferred Tax Assets     29,545,797       21,035,735  
Valuation Allowance     (29,545,797 )     (21,035,735 )
Total Deferred Tax Assets, net of valuation allowance   $ -     $ -  
Schedule of reconciliation of unrecognized tax benefits
  2018     2017  
             
Unrecognized tax benefits - January 1   1,163,282     $ 1,163,182  
Gross increases - tax positions in prior period     -       -  
Gross decreases - tax positions in prior period     -       -  
Gross increases - tax positions in current period     -       100  
Settlement     -       -  
Lapse of statute of limitations     -       -  
Unrecognized tax benefits - December 31   $ 1,163,282     $ 1,163,282