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Income Taxes | 12 Months Ended
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Dec. 31, 2015
Income Taxes [Abstract] |
INCOME TAXES | NOTE 11: INCOME TAXES Our gross deferred tax assets are primarily related to net federal and state operating loss carryforwards (NOLs). We have substantial NOLs that are limited in its usage by IRC Section 382. IRC Section 382 generally imposes an annual limitation on the amount of NOLs that may be used to offset taxable income when a corporation has undergone significant changes in stock ownership within a statutory testing period. We have performed a preliminary analysis of the annual NOL carryforwards and limitations that are available to be used against taxable income. The estimated NOL carryforward for federal purposes is $18.1 million and foreign NOL carryforward is $5.2 million as of December 31, 2015. For the year ended December 31, 2015, we reported a deferred tax liability of $358 resulting from the goodwill on the acquisition of Wireless Ronin Technologies. This goodwill has an indefinite life and does not constitute a source of future taxable income as governed by ASC 740-10-30-18. As such, the deferred tax liability related to this indefinite lived asset cannot be used to offset deferred tax assets when determining the valuation allowance against deferred tax assets that are less likely than not to be realized in the future. A summary of the deferred tax assets and liabilities is included below:
|  | December 31, |
|  | 2015 |  |  | 2014 |
Deferred tax assets (liabilities): |  |  |  |  |  |
Reserves |  | $ | 10 |  |  | $ | (72 | )
Property and equipment |  |  | 148 |  |  |  | (4 | )
Accrued expenses |  |  | 909 |  |  |  | 781 |
Severance |  |  | 245 |  |  |  | 178 |
Non-qualified stock options |  |  | 422 |  |  |  | 419 |
Net foreign carryforwards |  |  | 1,359 |  |  |  | 1,349 |
Net operating loss and credit carryforwards |  |  | 7,514 |  |  |  | 5,592 |
Intangibles |  |  | 253 |  |  |  | 57 |
Total Deferred Tax Assets |  |  | 10,860 |  |  |  | 8,300 |
Valuation Allowance |  |  | (11,218 | ) |  |  | (8,300 | )
Net deferred tax assets (liabilities) |  | $ | (358 | ) |  | $ | - |
|  | Year ended December 31, |
|  | 2015 |  |  | 2014 |
Tax Provision Summary |  |  |  |  |  |
Deferred Provision (Benefit) - Federal |  | $ | (2,376 | ) |  | $ | (987 | )
Deferred Provision (Benefit) - State |  |  | (173 | ) |  |  | (58 | )
Deferred Provision (Benefit) - Foreign |  |  | (29 | ) |  |  | - |
Change in valuation allowance |  |  | 2,936 |  |  |  | 1,045 |
Tax Expense |  | $ | 358 |  |  | $ | - |
A reconciliation of the statutory income tax rate to the effective income tax rates as a percentage of income before income taxes is as follows:
| -34.00 | % |  | Federal statutory rate
| -2.26 | % |  | State taxes
| 0.55 | % |  | Other
| 40.32 | % |  | Changes in valuation allowance
| 4.61 | % |  | Effective tax rate

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: 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 Reference 5: 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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