Income Taxes (Details Narrative) (10-K) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
|
Income tax percentage description | On December 22, 2017, the passage of legislation commonly referred to as the Tax Cuts and Jobs Act ("TCJA") was enacted and significantly revised the U.S. income tax law. The TCJA includes changes, which reduce the corporate income tax rate from 34% to 21% for fiscal years beginning after December 31, 2017. | On December 22, 2017, the passage of legislation commonly referred to as the Tax Cuts and Jobs Act ("TCJA") was enacted and significantly revised the U.S. income tax law. The TCJA includes changes, which reduce the corporate income tax rate from 34% to 21% for fiscal years beginning after December 31, 2017. | ||||
Income tax percentage | 21.00% | |||||
Income tax benefit | $ 143 | $ (116,970) | $ (108,751) | $ (116,970) | $ (115,437) | $ (179,306) |
Unrecognized tax benefits | ||||||
Changes in unrecognized tax benefits | ||||||
U.S [Member] | ||||||
Net operating loss carry forwards | 2,942,144 | |||||
Federal [Member] | ||||||
Net operating loss carry forwards | $ 2,900,000 | |||||
Operating loss carryforward limitation | The remaining balance of $0.2 million is limited in annual usage of 80% of current years taxable income, but do not have an expiration. | |||||
Federal [Member] | Expire in 2030 [Member] | ||||||
Net operating loss carry forwards | $ 2,700,000 | |||||
Federal [Member] | No Expiration [Member] | ||||||
Net operating loss carry forwards | 200,000 | |||||
Australia [Member] | ||||||
Income tax benefit | ||||||
Australia [Member] | No Expiration [Member] | ||||||
Net operating loss carry forwards | $ 21,655,871 | |||||
Tax Cuts and Jobs Act [Member] | ||||||
Income tax percentage description | On December 22, 2017, the Tax Cuts and Jobs Act ("The Act"), was signed into law by President Trump. The Act includes a number of provisions, including the lowering of the U.S. corporate tax rate from 34 percent to 21 percent | |||||
Income tax percentage | 21.00% | |||||
Changes in deferred tax assets | $ 416,339 |