XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income taxes | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | 24. Income taxes The components of income (loss) before income taxes are as follows:
|  | Years Ended December 31 |
|  | 2016 |  | 2015 |  | 2014 |
Foreign (not subject to income taxes) |  | $ | 8,851,332 |  | $ | 10,502,379 |  | $ | 10,355,689 |
Mexico |  |  | (3,339,932) |  |  | (2,576,885) |  |  | (3,591,149) |
United States |  |  | (3,270,144) |  |  | - |  |  | - |
|  | $ | 2,241,256 |  | $ | 7,925,494 |  | $ | 6,764,540 |
The Company's provision for income taxes for 2016 consisted of a deferred tax benefit relating to U.S. operations of $536,057. A reconciliation of the U.S. statutory federal tax rate to the effective benefit rate for the U.S. loss before income taxes for the year ended December 31, 2016 is as follows:
U.S. statutory federal rate |  | 34.0 | %
State taxes, net of federal effect |  | (2.0) | %
Foreign tax rate differential |  | (128.3) | %
Permanent items |  | 20.9 | %
Valuation allowance for deferred tax assets |  | 51.4 | %
|  | (23.9) | %
The tax effects of significant items comprising the Company's net long term deferred tax liability at December 31, 2016 were as follows:
Deferred tax assets: |  |  |  |
Operating loss carryforwards - Mexico |  | $ | 5,545,008 |
Operating loss carryforwards - United States |  |  | 150,758 |
Valuation allowances |  |  | (5,695,766) |
|  |  | - |
Deferred tax liabilities: |  |  |  |
Property and equipment |  |  | 129,041 |
Intangible assets |  |  | 1,786,200 |
|  |  | 1,915,241 |
Net deferred tax liability |  | $ | 1,915,241 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration