XML 50 R31.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes consists of the following:
| 2016 |  | 2015
Current tax provision | $ | 5,180 |  |  | $ | 4,081 |
Deferred tax benefit | (34,440 | ) |  | (304,224 | )
Total tax benefit | $ | (29,260 | ) |  | $ | (300,143 | )
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the expected Federal statutory rate to our actual rate as reported for each of the periods presented is as follows:
| 2016 |  | 2015
Federal statutory rate | 34 | % |  | 34 | %
State income tax rate, net of federal benefit | (1 | %) |  | — | %
Permanent differences | (2 | %) |  | 1 | %
Temporary differences | (5 | %) |  | 4 | %
New Jersey tax settlement and other | — | % |  | 11 | %
Change in valuation allowance | (22 | %) |  | (65 | %)
| 4 | % |  | (15 | %)
Schedule of Deferred Tax Assets and Liabilities | The following is a schedule of the deferred tax assets and liabilities as of December 31, 2016 and 2015:
| 2016 |  | 2015
Deferred tax assets: |  |  |
Net operating loss carry forward | $ | 27,202,348 |  |  | $ | 34,164,267 |
Intangible assets | 2,239,700 |  |  | 3,909,300 |
Stock based expenses | 1,484,900 |  |  | 1,201,800 |
Accrued expense | 311,000 |  |  | 552,500 |
Deferred rent | 69,300 |  |  | 2,200 |
Other | 14,200 |  |  | 15,000 |
Allowance for doubtful accounts | 9,800 |  |  | 6,900 |
Subtotal | 31,331,248 |  |  | 39,851,967 |
Less valuation allowance | (31,331,248 | ) |  | (39,838,347 | )
Total | — |  |  | 13,620 |
Deferred tax liabilities: |  |  |  |  |
Intangibles and Property and Equipment | 3,702,300 |  |  | 3,435,700 |
Other | 36,200 |  |  | 363,900 |
Total | 3,738,500 |  |  | 3,799,600 |
Total deferred tax assets (liabilities) | $ | (3,738,500 | ) |  | $ | (3,785,980 | )

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 Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration