Post-effective amendment to a registration statement that is not immediately effective upon filing

12. Income Taxes (Tables)

v3.8.0.1
12. Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets and liabilities
    2017     2016  
Deferred tax assets:                
NOL Carryover   $ 6,406,000     $ 7,544,300  
Bad Debt Reserve     31,000       44,100  
Inventory Reserve     7,300       10,400  
Amortization     (20,200 )     61,500  
Accrued Compensated Absences     46,100       52,900  
Charitable Contributions     3,500       5,000  
Subtotal     6,473,700       7,718,200  
Valuation Allowance     (6,458,800 )     (7,647,300 )
Deferred tax liabilities:                
Depreciation     3,700       (42,700
Prepaid Expenses     (18,600 )     (28,200 )
Net Deferred Tax Asset   $     $  
Schedule of effective income tax rate reconciliation
    2017     2016  
Book Loss   $ (1,669,000 )   $ (2,113,000 )
Meals and Entertainment     10,600       10,300  
Stock Options     225,700       537,800  
Tax Rate Change     2,809,700        
Other     1,600       4,700  
Valuation Allowance     (1,378,600 )     1,560,200  
    $     $