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TAXES AND NET OPERATING LOSS CARRYFORWARDS (Tables)
 12 Months Ended
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
)%