Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.20.2
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

 

   

For the Three Months

Ended March 31,

 
    2020     2019  
Tax at federal statutory rate     21.0 %     21.0 %
U.S. income subject to valuation allowance     -21.0 %     -21.0 %
State and local income taxes     0.0 %     0.0 %
Foreign income not subject to U.S. federal tax     0.0 %     0.0 %
Foreign tax     0.0 %     -1.7 %
Nondeductible expenses     0.0 %     0.0 %
Other     0.0 %     -0.0 %
Effective income tax rate     0.0 %     -1.7 %