Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details Narrative)

v3.19.1
Income Taxes (Details Narrative) - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Deferred tax liability $ 3,037,147  
Deferred tax liability, financial reporting basis 11,038,929  
Deferred tax liability, tax basis 1,782  
Income tax benefit $ 902,801
Income tax description Revalue our U.S. deferred tax assets and liabilities due to the federal income tax rate reduction from 35 percent to 21 percent.  
Federal income tax rate 21.00% 34.00%
Operating loss description However, these tax-loss carry forwards can only offset 80 percent of future taxable income in any one year, with respect to any excess continuing to be carried forward indefinitely.  
Percentage of future taxable income 80.00%  
Provisional amount fully offset by valuation of allowance $ 72,300  
Research and development tax credits
Deferred tax loss carryforward 733,560 71,283
Change in valuation of allowance 329,755 166,787
Deferred tax start-up expenditures for tax purposes 1,703,904 347,530
Start-up expenditures and amortization 468,872 95,504
Deferred tax loss carryforward $ 2,665,796 $ 258,583
Maryland [Member]    
Research and development tax credits carryforward period 7 years  
Tax Cuts and Jobs Act [Member]    
Income tax description On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (“TCJA”) was signed into law. Among its provisions, the TCJA reduces the statutory U.S. Corporate income tax rate from 34% to 21% effective January 1, 2018.  
Federal [Member]    
Percentage of future taxable income 80.00% 80.00%
Net operating loss carryforward $ 2,700,000 $ 259,000
Net operating loss carryforward description expire from 2019 through 2037 expire from 2019 through 2037
Research and development tax credits carryforward period 20 years  
Deferred tax loss carryforward $ 4,369,700  
State [Member]    
Net operating loss carryforward $ 2,700,000 $ 259,000
Net operating loss carryforward description expire from 2028 to 2037 expire from 2028 to 2037
Deferred tax loss carryforward $ 606,113  
Promet [Member]    
Common stock issued and outstanding percentage 90.00%