Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes

Schedule of current and deferred income tax (expense) benefit

	Years ended December 31,
	2017			2016			2015
Current:
Federal	$	—		$	(513,000	)	$	(972,000	)
State	(4,000		)	(155,000		)	(378,000		)
	(4,000		)	(668,000		)	(1,350,000		)
Deferred:
Federal	(495,000		)	34,000			423,000
State	38,000			2,000			85,000
	(457,000		)	36,000			508,000
Total income tax expense	$	(461,000	)	$	(632,000	)	$	(842,000	)

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

	Years ended December 31,
	2017		2016		2015
Federal tax at statutory rate	34.0	%	34.0	%	34.0	%
State taxes, net of federal benefit	5.4	%	6.0	%	6.0	%
Non-deductible stock based compensation	(11.8	)%	8.4	%	6.3	%
Federal tax credit for payroll tax on employee tips	6.7	%	(4.7	)%	(14.6	)%
Tax Cuts and Jobs Act	(109.2	)%	—		—
Other	(1.0	)%	0.9	%	(0.7	)%
Effective income tax rate	(75.9	)%	44.6	%	31.0	%

Schedule of components of deferred income tax assets and liabilities

	2017			2016
Deferred income tax assets:
Point loyalty program	$	474,000		$	656,000
Accrued expenses	2,827,000			4,077,000
Federal tax credits	131,000			96,000
Other	129,000			236,000
Total deferred income tax assets	3,561,000			5,065,000
Deferred income tax liabilities:
Depreciation — property and equipment	(1,931,000		)	(3,045,000		)
Total deferred income tax liabilities	(1,931,000		)	(3,045,000		)
Net deferred income tax assets	$	1,630,000		$	2,020,000
Amounts recognized in the consolidated balance sheet:
Noncurrent deferred income tax assets	$	1,630,000		$	2,020,000