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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	)

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- 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

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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

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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

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