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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	%

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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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