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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES

Schedule of provision for income taxes

		For the Years Ended December 31,
		2016			2015			2014
Current tax provision
Federal		$	—		$	—		$	—
State		1,132			7,877			8,177
Total current provision		1,132			7,877			8,177
Deferred tax provision
Federal		—			—			—
State		—			—			—
Total deferred tax provision		—			—			—
Total income tax provision		$	1,132		$	7,877		$	8,177

Schedule of tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities

		December 31,
		2016			2015
Deferred tax assets
Net operating loss carry forwards		$	7,651,971		$	5,979,717
Credit for alternative minimum tax paid		201,773			201,773
Accrued expenses and reserves		1,348,032			1,383,461
Employee stock option expense		117,613			303,465
Nonemployee stock option expense		12,770			12,770
Inventory		361,437			356,170
Impairment		172,983			—
Deferred tax assets		9,866,579			8,237,356
Deferred tax liabilities
Property and equipment		(669,246		)	(485,384		)
Deferred tax liabilities		(669,246		)	(485,384		)
Net deferred assets		9,197,333			7,751,972
Valuation allowance		(9,197,333		)	(7,751,972		)
Net deferred tax assets		$	—		$	—

Schedule of reconciliation of income taxes based on the federal statutory rate and the effective income tax rate

		December 31,
		2016		2015		2014
Income tax at the federal statutory rate		35.0	%	35.0	%	35.0	%
State tax, net of federal tax		2.9		2.9		2.9
Change in valuation allowance		(39.1	)	(37.8	)	(34.3	)
Permanent differences		4.7		0.7		(0.7	)
Other		(3.5	)	(0.6	)	(3.2	)
Effective tax rate		0.0	%	0.2	%	(0.3	)%

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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

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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=6907707&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=6907707&loc=d3e32687-109319

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