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Incomes Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Benefit) Expense

The components of income taxes for the periods ended December 31, 2017 and 2016 are as follows:

   Years Ended December 31,
   2017  2016
  Current:      
  Federal   $39,200   $37,000 
  State    11,800    12,200 
       Total Current    51,000    49,200 
  Deferred:          
  Federal    3,758,900    (8,473,500)
  State    (40,900)   (1,291,100)
       Total Deferred    3,718,000    (9,764,600)
Income tax (benefit) expense  $3,769,000  $(9,715,400)

 
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,
   2017  2016
  Federal tax at statutory rate    34.00%   34.00%
  State income tax rate    5.83%   5.83%
  Remeasurement of deferred taxes    (155.41%)   —   
  Release of valuation allowance    —      308.63%
  Provision for taxes    (115.58%)   348.46%

 
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, 2017, 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:  2017  2016
  Net operating loss carryforwards   $4,777,000   $8,111,000 
  Credits    806,000    755,000 
  Capitalized research and development costs    —      9,000 
  Other acquired intangibles    17,000    49,000 
  Accruals not currently deductible    677,000    1,343,000 
  Depreciation    44,000    29,000 
     Total deferred tax assets    6,321,000    10,296,000 
  Valuation allowance for deferred tax assets    (506,000)   (464,000)
     Net deferred tax assets    5,815,000    9,832,000 
Deferred tax liability:          
  Acquired intangibles    (178,000)   (243,000)
Net deferred tax assets   $5,637,000  $9,589,000

 
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, 2017   $755,000 
Decreases in UTBs taken in prior years    —   
Decreases in UTBs taken in current years    53,000 
Ending balance at December 31, 2017   $808,000