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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The pre-tax income from continuing operations on which the provision for income taxes was computed is as follows (in thousands):

		2017			2016
Domestic		$	7,494		$	84
Foreign			—			—
Total			7,494			84

Schedule of Income Tax (Benefit) Expense

Income tax (benefit) expense consists of the following for the years ended December 31, 2017 and 2016 (in thousands):

		2017			2016
Current tax (benefit) expense:
Federal		$	119		$	15
State			10			—
Foreign			—			—
Total tax (Benefit) expense:			129			15
Deferred tax (benefit) expense:
Federal			—			—
State			—			—
Foreign			—			—
Total Deferred tax (benefit) expense:		$	129		$	15

Schedule of Reconciliation of Income Tax

A reconciliation of income tax computed at the U.S. statutory rate of 34% to the effective income tax rate is as follows:

		2017			2016
Statutory rate			34	%		34	%
State taxes			3			3
Permanent differences and other			0			2
Change in valuation allowance			(54)			708
Other (true – up)			7			(729)
Rate Adjustment			12			—
Effective rate			2	%		18	%

Schedule of the Tax Effects of Temporary Differences That Give Rise to Deferred Tax Assets (Liabilities)

The tax effects of temporary differences that give rise to deferred tax assets (liabilities) at December 31, 2017 and 2016 are as follows ( in thousands) :

		2017			2016
Long-term deferred tax assets (liabilities):
Accrued expenses		$	25		$	51
Deferred Revenue			217			322
Accounts receivable			19			907
Prepaid Expenses			(9)			(15)
Inventory			92			20
Stock based compensation			137			108
Tax Credits and NOL Carryforward			1,141			4,314
Other			6			9
Property and equipment			35			(115)
Amortization			64			105
Tax Credits and NOL Carryforward
			1,727			5,706
Less: Valuation allowance			(1,727)			(5,706)
Net deferred tax assets (liabilities)		$	-		$	-

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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=84230637&loc=d3e32639-109319

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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=84230637&loc=d3e32537-109319

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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=84230637&loc=d3e32687-109319

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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