Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.20.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of effective income tax rate to the federal statutory rate

    Years Ended December 31,  
    2019     2018  
Federal income tax rate     (21 )%     (21 )
State tax, net of federal benefit     (7 )%     (7 )%
Carryback net operating loss     21 %     —  
Change in valuation allowances     7 %     7 %
Effective income tax rate     — %     (21 )%

Schedule of deferred tax assets and liabilities

  December 31,
2019		     December 31,
2018		  
Deferred tax assets:                
Inventory reserves   $ 395,562     $ 210,283  
Accrued liabilities and other reserves     208,366       120,251  
Net operating loss carryover     734,207       326,515  
Deferred tax liability:                
Accumulated depreciation     (97,055 )     (86,562 )
Net deferred tax assets     1,241,080       570,487  
Valuation allowance     (1,241,080 )     (570,487 )
Net deferred tax assets, net of valuation allowances   $ —     $ —