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TAXES AND NET OPERATING LOSS CARRYFORWARDS (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Deferred tax assets (liabilities) | The tax effects of these temporary differences representing the components of deferred tax assets (liabilities) were as follows:
(In thousands) | December 31, 2016 |  | December 31, 2015
Deferred tax assets: |  |  |
Loss and credit carry-forwards | $ | 9,169 |  |  | $ | 6,578 |
Stock-based compensation | 519 |  |  | 283 |
Inventory Reserve | 534 |  |  | 466 |
Other | 263 |  |  | 273 |
Total deferred tax assets | 10,485 |  |  | 7,600 |
Valuation allowance | (10,185 | ) |  | (7,404 | )
Total deferred tax assets, net of valuation allowance | 300 |  |  | 196 |
Deferred tax liabilities: |  |  |
State taxes (capital) | (19 | ) |  | (10 | )
Property and equipment | (459 | ) |  | (413 | )
Intangibles | (386 | ) |  | (337 | )
Total deferred tax liabilities | (864 | ) |  | (760 | )
Net deferred tax liabilities | $ | (564 | ) |  | $ | (564 | )
Statutory federal income tax rate | Below is a reconciliation of the statutory federal income tax rate to our effective tax rate:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Federal tax provision | 34.0 | % |  | 34.0 | % |  | 34.0 | %
State taxes (net of federal benefit) | 3.7 | % |  | 2.4 | % |  | 1.4 | %
Warrant gains | 31.4 | % |  | (11.1 | )% |  | (18.8 | )%
Valuation allowance | (71.8 | )% |  | (26.3 | )% |  | (45.3 | )%
Other | 1.5 | % |  | 0.6 | % |  | (1.6 | )%
| (1.2 | )% |  | (0.4 | )% |  | (30.3 | )%

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: 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
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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