Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes

Schedule of current and deferred income tax (expense) benefit

	Years ended December 31,
	2016			2015			2014
Current:
Federal	$	(513,000	)	$	(972,000	)	$	(503,000	)
State	(155,000		)	(378,000		)	(182,000		)
	(668,000		)	(1,350,000		)	(685,000		)
Deferred:
Federal	34,000			423,000			623,000
State	2,000			85,000			100,000
	36,000			508,000			723,000
Total income tax (expense) benefit	$	(632,000	)	$	(842,000	)	$	38,000

Schedule of reconciliation of the effective income tax rate with the applicable statutory federal income tax rate

	Years ended December 31,
	2016		2015		2014
Federal tax at statutory rate	34.0	%	34.0	%	(34.0	)%
State taxes, net of federal benefit	6.0	%	6.0	%	3.7	%
Non-deductible stock based compensation	8.4	%	6.3	%	24.8	%
Federal tax credit for payroll tax on employee tips	(4.7	)%	(14.6	)%	—
Other	0.9	%	(0.7	)%	0.4	%
Effective income tax rate	44.6	%	31.0	%	(5.1	)%

Schedule of components of deferred income tax assets and liabilities

	2016			2015
Deferred income tax assets:
Point loyalty program	$	656,000		$	660,000
Accrued expenses	4,077,000			3,901,000
Net operating loss carry-forwards	—			91,000
Federal tax credit for payroll tax on employee tips	96,000			132,000
Other	236,000			297,000
Total deferred income tax assets	5,065,000			5,081,000
Valuation allowance	—			(91,000		)
Net deferred income tax assets	5,065,000			4,990,000
Deferred income tax liabilities:
Depreciation — property and equipment	(3,045,000		)	(3,200,000		)
Total deferred income tax liabilities	(3,045,000		)	(3,200,000		)
Net deferred income tax assets	$	2,020,000		$	1,790,000
Amounts recognized in the consolidated balance sheet:
Current deferred income tax assets	$	—		$	1,308,000
Noncurrent deferred income tax assets	2,020,000			482,000
	$	2,020,000		$	1,790,000