Income Tax Expense (Details Narrative) - USD ($) |
12 Months Ended | |
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Dec. 31, 2017 |
Dec. 31, 2016 |
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Statutory corporate tax rate | 0.00% | 0.00% |
Valuation allowance for deferred tax assets | $ 16,043,000 | $ 23,483,000 |
Change in valuation allowance | 6,440,000 | 751,000 |
Unrecognized tax benefits | ||
Interest or penalties on unrecognized tax benefits | ||
Uncertain tax positions, accrued | ||
Tax Cuts and Jobs Act [Member] | ||
Income tax description | Tax Cuts and Jobs Act was enacted, which reduced the U.S. statutory corporate tax rate to 21% for tax years beginning in 2018. This change resulted in a re-measurement of the federal portion of the Companys deferred tax assets and the valuation allowance as of December 31, 2017 from 35% to the new 21% tax rate. | |
Statutory corporate tax rate | 21.00% | |
Federal [Member] | ||
Net operating loss carry forwards | $ 68,600,000 | 60,100,000 |
Operating loss carryforwards expiration date | Dec. 31, 2037 | |
New Jersey State [Member] | ||
Net operating loss carry forwards | $ 9,400,000 | $ 9,400,000 |
Operating loss carryforwards expiration date | Dec. 31, 2024 |
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- Definition Amount of valuation allowance of deferred tax asset attributable to deductible temporary differences and carryforwards, classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A brief description of status of the tax examination, significant findings to date, and the entity's position with respect to the findings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expiration date of each operating loss carryforward included in operating loss carryforward, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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