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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income tax provision

The income tax provision consists of the following ($ in thousands):

 

    As of December 31,  
    2018     2017  
Federal            
Current   $     $  
Deferred     (477 )     14,376  
Decrease in valuation allowance     477       (14,376 )
                 
State and local                
Current            
Deferred     (92 )     (1,416 )
(Decrease) Increase in valuation allowance     92       1,416  
Change in valuation Allowance     569       (12,960 )
Income Tax Provision (Benefit)   $     $  
Schedule of Reconciliation of the expected tax expense (benefit)

The following is a reconciliation of the U.S. federal statutory rate to the effective income tax rates for the years ended December 31, 2018 and 2017:

 

    For the years ended December 31,  
    2018     2017  
U.S. Statutory Federal Rate     21 %     34 %
Federal tax rate change     %     (456.08 )%
State Taxes, Net of Federal Tax Benefit     3.91 %     2.28 %
Other Permanent Differences     1.77 %     3.12 %
State rate change in effect     %     %
Fair Value of Warrants     8.99 %     (1.23 )%
Increase due to true up of State NOL           26.00  
Decrease due to change in Federal NOL and other true ups     (2.72 %)     (0.12 )%
Change in Valuation Allowance     (32.94 %)     392.03 %
Income Tax Provision (Benefit)     0.0       0.0  
Schedule of deferred tax assets and liabilities

At December 31, 2018 and 2017, the Company’s deferred tax assets and liabilities consisted of the effects of temporary differences attributable to the following ($ in thousands): 

 

    As of December 31,  
    2018     2017  
Deferred tax assets:                
Net-operating loss carryforward   $ 12,163     $ 9,608  
Stock based compensation     5,444       5,368  
Patent portfolio and other     9,183       11,244  
Total Deferred Tax assets     26,790       26,220  
Valuation allowance     (26,790 )     (26,220 )
Deferred Tax Asset, Net of Allowance   $     $  

Schedule of refunds for the tax

The Company will request the following refunds for the tax years ended December 31, 2019 through December 31, 2021:

 

Tax Year Ended:     AMT Credit Refund Request  
         
December 31, 2019     $ 20,466  
December 31, 2020       10,233  
December 31, 2021       10,233  
      $ 40,932