XML 37 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES [Abstract]

Schedule of Income Tax Provision

		2014				2013
Currently payable:
Federal		$	-			$	-
State			6,735				-
Total currently payable			6,735				-
Deferred:
Federal			(13,939,671	)			(2,217,527	)
State			488,406				(528,872	)
Total deferred			(13,451,265	)			(2,746,399	)
Less: (decrease) increase in allowance			12,455,900				(8,202,476	)
Net deferred			(995,365	)			(10,948,875	)
Total income tax benefit		$	(988,630	)		$	(10,948,875	)

Schedule of Deferred Tax Assets and Liabilities

Individual components of deferred taxes are as follows:
			2014				2013
Deferred tax assets:
Net operating loss carry forwards		$	16,104,083			$	15,960,340
Equity issued for services			1,050,348				721,934
Goodwill and other intangibles			773,019				218,896
Investment in pass-through entity			268,476				-
Other			591,259				338,087
Gross deferred tax assets			18,787,185				17,239,257
Deferred tax liabilities:
Goodwill and other intangibles		$	312,277			$	9,827,201
Depreciation and amortization			312,823				286,520
Investment in pass-through entity			-				2,414,716
Gross deferred tax liabilities		$	625,100			$	12,528,437
Less valuation allowance			(18,307,844	)			(5,851,944	)
Net deferred tax liabilities		$	(145,759	)		$	(1,141,124	)

Schedule of Effective Income Tax Rate Reconciliation

		2014				2013
Statutory United States federal rate			34.0	%			34.0	%
State income taxes net of federal benefit			(0.7	)			4.2
Noncontrolling interest in pass-through entity			(3.4	)			-
Permanent differences			(2.3	)			(4.5	)
Other			1.1				(0.8	)
Change in valuation reserves			(26.6	)			98.1
Effective tax rate			2.1	%			131.0	%

X

- 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=6907707&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=6907707&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=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration