Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.8.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of deferred income tax assets and liabilities

The tax effect of temporary differences and net operating losses that give rise to components of deferred income tax assets and liabilities consist of the following:

    As of December 31,  
    2017     2016  
Deferred income tax assets (liabilities):                
Property and equipment   $ 58,036     $ 107,308  
Deferred revenue             88,877  
Accrued expenses     224,546       53,112  
Share based compensation     1,803,943       3,186,133  
Derivative liability             164,258  
Other     (912,575 )     248,561  
Net operating loss carryforwards     18,535,794       30,800,732  
      19,709,744       34,648,981  
Less valuation allowance     (19,709,744 )     (34,648,981 )
    $ -     $ -