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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Benefit) Expense

Deferred tax benefit at December 31, 2016 is related to the release of valuation allowance against substantially all of the Company's federal and state deferred tax assets as the Company concluded such assets were fully realizable. The need for a valuation allowance requires an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred tax assets are recoverable. Such assessment is required on a jurisdiction-by-jurisdiction basis. In making such assessment, significant weight is given to evidence that can be verified objectively. After the consideration of both positive and negative evidence to assess the recoverability of the Company's net deferred tax assets during the 2016 tax year, the Company determined that it was more likely than not the Company would realize the majority of the value of federal and state deferred tax assets given the current certainties regarding the timing of profits and forecasted future profitability. The Company will continue to monitor the likelihood that it will be able to recover the deferred tax assets in the future. The components of income taxes for the periods ended December 31, 2016 and 2015 are as follows: 

 

 

   Years Ended December 31,
   2016  2015
  Current:      
  Federal  $12,200   $—   
  State   37,000    —   
       Total Current   49,200    —   
  Deferred:          
  Federal   (8,473,481)   31,940 
  State   (1,291,140)   —   
       Total Deferred   (9,764,621)   31,940 
Income tax (benefit) expense  $(9,715,421)  $31,940

 
Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the statutory federal income tax rate to the Company's effective tax rate:

 

   Years Ended December 31,
   2016  2015
  Federal tax at statutory rate   34.00%   34.00%
  State income tax rate   5.83%   5.83%
  Release of valuation allowance    308.63%   (41.56%)
  Provision for taxes   348.46%   (1.73%)

 
Schedule of Deferred Tax Assets and Liabilities

Deferred income tax reflects the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. At December 31, 2016, the Company released valuation allowance against substantially all deferred tax assets. Significant components of net deferred tax assets are as follows: 

 

   Years Ended December 31,
Deferred tax assets:  2016  2015
  Net operating loss carryforwards  $8,111,000   $8,833,000 
  Credits   755,000    753,000 
  Capitalized research and development costs   9,000    13,000 
  Other acquired intangibles   49,000    91,000 
  Accruals not currently deductible   1,343,000    1,614,000 
  Depreciation   29,000    5,000 
     Total deferred tax assets   10,296,000    11,309,000 
  Valuation allowance for deferred tax assets   (464,000)   (11,279,000)
     Net deferred tax assets   9,832,000    30,000 
Deferred tax liability:          
  Acquired intangibles   (243,000)   (205,000)
Net deferred tax assets (liabilities)  $9,589,000  $(175,000)

 
Schedule of Unrecognized tax benefits ("UTBs")

A reconciliation of the beginning and ending amount of unrecognized tax benefits (“UTBs”), excluding interest and penalties, is as follows:

 

   Amount
Beginning balance at January 1, 2016  $754,000 
Decreases in UTBs taken in prior years   (38,000)
Decreases in UTBs taken in current years   39,000 
Ending balance at December 31, 2016  $755,000