XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.8.0.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
INCOME TAXES |
Schedule of provision (benefit) for income taxes |
|  | For the Years Ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Current tax provision (benefit) |  |  |  |  |  |  |
Federal |  | $ | — |  | $ | — |  | $ | — |
State |  | 848 |  | 1,132 |  | 7,877 |
Total current provision (benefit) |  | 848 |  | 1,132 |  | 7,877 |
Deferred tax provision (benefit) |  |  |  |  |  |  |
Federal |  | (188,456 | ) | — |  | — |
State |  | — |  | — |  | — |
Total deferred tax provision (benefit) |  | (188,456 | ) | — |  | — |
Total income tax provision (benefit) |  | $ | (187,608 | ) | $ | 1,132 |  | $ | 7,877 |
Schedule of tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities |
|  | December 31, |
|  | 2017 |  | 2016 |
Deferred tax assets |  |  |  |  |
Net operating loss carry forwards |  | $ | 6,127,210 |  | $ | 7,651,971 |
Credit for alternative minimum tax paid |  | — |  | 201,773 |
Accrued expenses and reserves |  | 509,666 |  | 1,348,032 |
Employee stock option expense |  | 76,150 |  | 117,613 |
Nonemployee stock option expense |  | 8,268 |  | 12,770 |
Inventory |  | 224,353 |  | 361,437 |
Impairment |  | 112,000 |  | 172,983 |
Deferred tax assets |  | 7,057,647 |  | 9,866,579 |
Deferred tax liabilities |  |  |  |  |
Property and equipment |  | (1,231,693 | ) | (669,246 | )
Deferred tax liabilities |  | (1,231,693 | ) | (669,246 | )
Net deferred assets |  | 5,825,954 |  | 9,197,333 |
Valuation allowance |  | (5,825,954 | ) | (9,197,333 | )
Net deferred tax assets |  | $ | — |  | $ | — |
Schedule of reconciliation of income taxes based on the federal statutory rate and the effective income tax rate |
|  | December 31, |
|  | 2017 |  | 2016 |  | 2015 |
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 |  | 85.9 |  | (39.1 | ) | (37.8 | )
Permanent differences |  | 5.7 |  | 4.7 |  | 0.7 |
Return-to-provision and other |  | (37.6 | ) | (3.5 | ) | (0.6 | )
Tax Reform and Jobs Act tax rate change |  | (81.1 | ) | — |  | — |
Incentive stock options |  | (6.0 | ) | — |  | — |
Effective tax rate |  | 4.8 | % | 0.0 | % | 0.2 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration