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Note 12. Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) |
|  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |
Federal |  | $ | 631,129 |  |  | $ | 590,000 |
State |  |  | 97,186 |  |  |  | 103,000 |
Foreign |  |  | (9,278 | ) |  |  | 73,000 |
Total Current |  |  | 719,037 |  |  |  | 766,000 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (776,467 | ) |  |  | (213,000 | )
State |  |  | (130,535 | ) |  |  | 24,000 |
Foreign |  |  | (91,510 | ) |  |  | (21,000 | )
Total Deferred |  |  | (998,512 | ) |  |  | (210,000 | )
Total provision for income taxes |  | $ | (279,475 | ) |  | $ | 556,000 |
Schedule of Effective Income Tax Rate Reconciliation |
|  | 2014 |  | 2013
Federal statutory tax rate |  |  | (34.0) | % |  |  | 34.0 | %
State tax rate |  |  | (5.3) | % |  |  | 4.2 | %
Permanent difference - transaction costs |  |  | 4.9 | % |  |  | 10.1 | %
Permanent difference – other |  |  | 8.0 | % |  |  | 0.9 | %
Permanent items – disallowed interest |  |  | 26.2 | % |  |  | 2.0 | %
Provision to return |  |  | (4.3) | % |  |  | (2.0) | %
Foreign rate differential |  |  | (26.6) | % |  |  | (2.3) | %
UK rate change |  |  | (9.8) | % |  |  | 0.0 | %
|  |  | (40.9 | )% |  |  | 46.9 | %
Change in valuation allowance |  |  | (76.9) | % |  |  | 0.0 | %
Total |  |  | (117.8) | % |  |  | 46.9 | %
Schedule of Deferred Tax Assets and Liabilities |
|  | 2014 |  |  | 2013 |  |  | Change |
Assets: |  |  |  |  |  |  |  |  |
Net operating loss |  | $ | 561,358 |  |  | $ | 766,000 |  |  | $ | (206,462 | )
Deferred revenue |  |  | 35,347 |  |  |  | 10,000 |  |  |  | 25,347 |
Allowance for doubtful accounts |  |  | 145,335 |  |  |  | 140,000 |  |  |  | 5,335 |
Stock options |  |  | 211,824 |  |  |  | 154,000 |  |  |  | 57,824 |
Basis difference in intangible assets |  |  | 190,295 |  |  |  | 137,000 |  |  |  | 53,295 |
Prepaid D&O Insurance |  |  | 13,996 |  |  |  | - |  |  |  | 13,996 |
Accrued accounting fees |  |  | - |  |  |  | 16,000 |  |  |  | (16,000 | )
Rent expense |  |  | - |  |  |  | 26,000 |  |  |  | (26,000 | )
Foreign tax credits carryforward |  |  | 1,180,833 |  |  |  | 1,181,000 |  |  |  | (167 | )
Other |  |  | 759 |  |  |  | 1,000 |  |  |  | (241 | )
Total deferred tax asset |  |  | 2,339,747 |  |  |  | 2,431,000 |  |  |  | (91,253 | )
Less: Valuation allowance |  |  | (1,763,415 | ) |  |  | (1,946,000 | ) |  |  | 182,585 |
Total net deferred tax asset |  |  | 576,332 |  |  |  | 485,000 |  |  |  | 91,332 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses |  |  | (32,176 | ) |  |  | (16,000 | ) |  |  | (16,176 | )
Basis difference in fixed assets |  |  | (19,222 | ) |  |  | (100,000 | ) |  |  | 80,778 |
Debt discount - convertible note payable |  |  | (200,559 | ) |  |  | (761,000 | ) |  |  | 560,441 |
Purchase of intangibles |  |  | (950,863 | ) |  |  | (1,233,000 | ) |  |  | 282,137 |
Total deferred tax liability |  |  | (1,202,820 | ) |  |  | (2,110,000 | ) |  |  | 907,180 |
Total net deferred tax asset / (liability) |  | $ | (626,488 | ) |  | $ | (1,625,000 | ) |  | $ | 998,512 |

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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=6907707&loc=d3e32639-109319 + Details
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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=6907707&loc=d3e32537-109319 + Details
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