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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

Following is a summary of the components giving rise to the income tax expense (benefit) for the years ended December 31:

The expense (benefit) for income taxes consists of the following:

		2017				2016
Currently payable:
Federal		$	(16,694	)		$	132,835
State			8,572				(5,617	)
Total currently payable			(8,122	)			127,218
Deferred:
Federal			(410,402	)			(379,710	)
State			(58,001	)			(111,642	)
Total deferred			(468,403	)			(491,352	)
Less: increase in valuation allowance			524,381				374,864
Plus: effect of tax change			(68,818	)			-
Net deferred			(12,840	)			(116,488	)
Total income tax expense (benefit)		$	(20,962	)		$	10,730

Schedule of Deferred Tax Assets and Liabilities

Individual components of deferred taxes are as follows:

		2017				2016
Deferred tax assets:
Net operating loss carry forwards		$	10,063,436			$	15,302,177
Equity issued for services			146,029				280,975
Goodwill and other intangibles			997,676				1,684,346
Investment in pass-through entity			11,575				17,898
Deferred revenue			807,959				1,522,258
Other			523,937				849,325
Gross deferred tax assets			12,550,612				19,656,979
Deferred tax liabilities:
Goodwill and other intangibles			169,170				277,231
Depreciation and amortization			62,288				272,406
Gross deferred tax liabilities			231,458				549,637
Less: valuation allowance			(12,445,136	)			(19,152,961	)
Net deferred tax liabilities		$	(125,982	)		$	(45,619	)

Schedule of Effective Income Tax Rate Reconciliation

The differences between the United States statutory federal income tax rate and the effective income tax rate in the accompanying consolidated statements of operations are as follows:

		2017				2016
Statutory United States federal rate			34.0	%			34.0	%
State income taxes net of federal benefit			5.5				5.0
Permanent differences			0.8				(3.9	)
Other			-				(0.4	)
Tax rate change			11.5				-
Change in valuation reserves			(48.2	)			(35.8	)
Effective tax rate			3.6	%			(1.1	)%

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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=84230637&loc=d3e32639-109319

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- 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

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- 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

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