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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of components of the provision for (benefit from) income taxes

The provision for (benefit from) income taxes consists of the following:

Year ended December 31,		2016				2015				2014
Current:
Federal		$	—			$	82,000			$	(8,646,000	)
Prior year under accrual			—				143,000				44,000
State			(51,000	)			107,000				6,000
Deferred:
Federal			(2,015,000	)			2,659,000				(3,877,000	)
		$	(2,066,000	)		$	2,991,000			$	(12,473,000	)

Schedule of effective income tax rate reconciliation

The difference between the income tax provision computed at the federal statutory rate and the actual tax provision (benefit) is accounted for as follows:

December 31,		2016				2015				2014
Taxes computed at the federal statutory rate		$	(1,929,000	)		$	2,722,000			$	(12,812,000	)
State income tax, net			(34,000	)			70,000				4,000
Prior year true-up			(3,000	)			325,000				44,000
Research and development tax credit			(246,000	)			(177,000	)			(140,000	)
Reduction in domestic production activity			—				—				893,000
AMT credit carryforward			—				—				(584,000	)
Permanent differences			146,000				51,000				122,000
Provision for (benefit from) income taxes		$	(2,066,000	)		$	2,991,000			$	(12,473,000	)

Schedule of deferred income tax assets and liabilities

The components of deferred income tax assets and liabilities are as follows:

Deferred Tax Assets:		2016				2015
Interest rate swap		$	9,000			$	3,000
ASC 740 liability			—				33,000
Allowance for doubtful accounts			187,000				26,000
Credit carryforwards			1,548,000				1,303,000
Deferred rent			221,000				212,000
Stock options			295,000				626,000
Restricted stock			47,000				—
Charitable contributions carryforward			—				18,000
Net operating loss carryforward			5,057,000				1,006,000
Deferred Tax Assets			7,364,000				3,227,000
Deferred Tax Liabilities:
Prepaid expenses			130,000				156,000
Revenue recognition			2,807,000				606,000
Property and equipment			475,000				575,000
Deferred tax liabilities			3,412,000				1,337,000
Net Deferred Tax Assets		$	3,952,000			$	1,890,000

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- References

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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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