v3.8.0.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The components of income tax expense (benefit) for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016
 
2015
Deferred:
 
 
 
 
 
Federal
$
8,494

 
$
(3,184
)
 
$
(2,562
)
State
(131
)
 
(477
)
 
(325
)
 
8,363

 
(3,661
)
 
(2,887
)
(Decrease) Increase in valuation allowance
(8,363
)
 
3,661

 
2,887

Total tax expense
$
—

 
$
—

 
$
—
Schedule of Reconciliation Between the Effective Tax Rate and the Statutory Tax Rate
The reconciliation between the effective tax rate and the statutory tax rate is as follows:
 
December 31,
 
2017
 
2016
 
2015
Federal statutory rate
34.0
 %
 
34.0
 %
 
34.0
 %
State statutory rate, net of federal benefit
0.8
 %
 
4.1
 %
 
4.2
 %
Effect of foreign rates different from statutory
(0.2
)%
 
—
 %
 
—
 %
Change in state rate (6.2% to 0.95%)
3.8
 %
 
—
 %
 
—
 %
Change in federal rate (34% to 21%)
(9.8
)%
 
—
 %
 
—
 %
Nondeductible/nontaxable items
(122.2
)%
 
(12.2
)%
 
(0.7
)%
Change in valuation allowance
93.6
 %
 
(25.9
)%
 
(37.5
)%
Income tax expense (benefit)
—
 %
 
—
 %
 
—
 %
Schedule of Deferred Tax Assets and Liabilities
The deferred tax assets and liabilities consisted of the following at December 31, 2017 and 2016:
 
2017
 
2016
Deferred tax assets:
 
 
 
Inventories, net
$
1,168

 
$
1,167

Stock based compensation
1,035

 
1,938

Loss carryforwards
18,523

 
26,091

Credit carryforwards
336

 
305

Intangibles
117

 
216

Other
105

 
113

Total deferred tax assets
21,284

 
29,830

Valuation allowance
(21,222
)
 
(29,586
)
Net deferred tax assets
62

 
244

Deferred tax liabilities:
 
 
 
Property, plant and equipment
(62
)
 
(244
)
       Total deferred tax liabilities
(62
)
 
(244
)
Deferred tax assets, net
$
—

 
$
—