Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Taxes Tables Abstract  
Reconciliation of income tax expense

 

   

December 31,

2018

 

December 31,

2017

U.S. Statutory rate   $ (408,157 )   $ 818,584  
Tax rate difference between Italy, Austria, Canada and U.S.     (394,401 )     (428,353 )
Change in Valuation Allowance     1,287,619       558,187  
Permanent difference     617,640       24,506  
Income tax expense   $ 1,102,701     $ 972,924  

Deferred tax assets

 

   

December 31,

2018

 

December 31,

2017

Current   $ 1,102,701     $ 972,924  
Deferred     —         —    
Total   $ 1,102,701     $ 972,924  

Provisions for income taxes

 

   

December 31,

2018

 

December 31,

2017

Net loss carryforward - Foreign   $ 124,407     $ 2,732  
Net loss carryforward - US     3,861,629       4,540,465  
      3,986,036       4,543,197  
Less valuation allowance     (3,986,036 )     (4,543,197 )
Deferred tax assets   $ —       $ —