Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details Narrative)

v3.20.1
INCOME TAXES (Details Narrative) - USD ($)
 1 Months Ended 12 Months Ended
Dec. 22, 2017
Dec. 31, 2019
Dec. 31, 2018
INCOME TAXES (Textual)      
Expiration Description   The Company had approximately $42 million and $23 million respectively of Federal and state NOLs available to offset future taxable income with $23 million expiring from 2030 through 2037 while the Federal NOL of $17 Million generated in 2019 has no expiration.  
Operating loss carryforwards   $ 42,000,000 $ 23,000,000
Federal research and development credits   $ 851,000 $ 393,000
Tax loss carryforwards, expire period   Dec. 31, 2039  
U.S. federal statutory rate   0.21% 0.21%
Corporate income tax rate Among other things, the Tax Cuts and Jobs Act (i) reduces the U.S. corporate income tax rate from 35% to 21% beginning in 2018, (ii) generally will limit annual deductions for net interest expense to no more than 30% of our "adjusted taxable income," plus 100% of our business interest income for the year, and (iii) will permit a taxpayer to offset only 80% (rather than 100%) of its taxable income with any U.S. net operating losses ("NOLs") generated for taxable years beginning after 2017.