Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2017 |
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| Income Tax Disclosure [Abstract] |
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| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
The components of Loss before benefit from income taxes for the years ended December 31, 2017 and 2016 are as follows:
| | | Years ended December 31, | | | | | 2017 | | 2016 | | | Domestic | | $ | (11,290,457) | | $ | (4,915,041) | | | Foreign | | | | | | | | | Loss before benefit from income taxes | | $ | (11,290,457) | | $ | (4,915,041) | |
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| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The Company incurred income tax expense of $688,073 and income tax benefit $755,647 for the years ended December 31, 2017 and 2016, respectively. The income tax expense (benefit) for the year ended December 31, 2017 and 2016 includes the following: | | | Year Ended December 31, | | | | | 2017 | | 2016 | | | Current income tax expense: | | | | | | | | | U.S. Federal | | $ | | | $ | | | | U.S. State | | | 7,696 | | | | | | Total current | | | 7,696 | | | | | | | | | | | | | | | Deferred: | | | | | | | | | U.S. Federal | | | 617,310 | | | (647,889) | | | U.S. State | | | 63,100 | | | (107,758) | | | Total deferred | | | 680,410 | | | (755,647) | | | | | | | | | | | | Total expense (benefit) from income taxes | | $ | 688,106 | | $ | (755,647) | |
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| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
The income tax expense (benefit) differs from those computed using the statutory federal tax rate of 34% due to the following:
| | | Year Ended December 31, | | | | | 2017 | | 2016 | | | Expected provision at statutory federal rate | | $ | (3,838,755) | | $ | (1,671,113) | | | State tax-net of federal benefit | | | 70,763 | | | (71,120) | | | Change in valuation allowance | | | 2,161,264 | | | 915,172 | | | IPO related costs | | | | | | 54,313 | | | Rate change | | | 1,434,079 | | | | | | Goodwill impairment | | | 751,433 | | | | | | Other | | | 109,290 | | | 17,101 | | | | | $ | 688,074 | | $ | (755,647) | |
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| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
The effect of temporary differences that gave rise to significant portions of deferred tax assets as of December 31, 2017 and 2016, are as follows: | | | Year Ended December 31, | | | | | 2017 | | 2016 | | | Deferred tax assets: | | | | | | | | | Net operating loss carryforwards | | $ | 2,145,809 | | $ | 456,551 | | | Accruals | | | | | | 16,587 | | | Share based compensation | | | 272,645 | | | 19,913 | | | Start-up costs | | | 248,348 | | | 382,648 | | | Fixed assets | | | 8,206 | | | | | | Intangibles | | | 370,681 | | | | | | Other | | | 32 | | | 51 | | | Gross deferred tax assets | | | 3,045,721 | | | 875,750 | | | Valuation allowance | | | (3,045,721) | | | (175,644) | | | Net deferred tax assets | | | | | | 700,106 | | | Fixed assets | | | | | | (9,352) | | | Intangibles | | | | | | (690,754) | | | Other | | | (23,942) | | | | | | Deferred tax liability | | | (23,942) | | | (700,106) | | | Net deferred tax liability | | $ | (23,942) | | $ | | |
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