INCOME TAXES (Details) - USD ($) |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Dec. 22, 2017 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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| Income Tax Disclosure [Abstract] | |||
| 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 | |
| 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. |
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- References No definition available.
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- Definition FederalResearchAndDevelopmentCredits No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Description of events or transactions pertaining to income taxes classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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