Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Provision

The income tax provision for the years ended December 31, 2014 and 2013 consists of:

	2014			2013
Current (provision) benefit	$	(302,464	)	$	(4,078,826	)
Deferred benefit		1,619,321			378,781
Increase in valuation allowance		(465,069	)		(77,068	)
Total (provision) benefit	$	851,788		$	(3,777,113	)
Tax benefit, discontinued operations	$	219,083		$	514,371

Deferred Income Tax Assets and Liabilities

Deferred income tax assets and liabilities as of December 31, 2014 and 2013 are comprised of:

	2014			2013
Deferred income tax assets:
Accounts receivable	$	4,512		$	135,983
Accounts payable		712,683			1,131,070
Accrued liabilities		260,655			338,901
Deferred rent and lease incentives		3,856,114			2,353,514
Stock compensation		—			202,453
Other assets		54,836			54,836
Total deferred tax assets		4,888,800			4,216,757
Valuation allowance		(779,358	)		(314,289	)
Net deferred tax assets		4,109,442			3,902,468
Deferred income tax liabilities:
Fixed assets		(1,267,740	)		(1,158,897	)
Intangible assets		(1,103,847	)		(1,725,099	)
Equity investments in affiliates		(861,869	)		(1,330,295	)
Prepaid and other current assets		(207,976	)		(174,419	)
Total deferred tax liabilities		(3,441,432	)		(4,388,710	)
Net deferred tax asset (liability)	$	668,010		$	(486,242	)

Balance Sheet Classification of Deferred Income Tax Assets and Liabilities

The balance sheet classification of deferred income tax assets (liabilities) at December 31, 2014 and 2013 follows:

	2014			2013
Current	$	775,248		$	2,118,637
Long-term		(107,238	)		(2,604,879	)
Total	$	668,010		$	(486,242	)

Change in Valuation Allowance on Deferred Tax Assets

The change in the Company’s valuation allowance on deferred tax assets during the years ended December 31, 2014 and 2013 follows:

	2014		2013
Beginning valuation allowance	$	314,289	$	—
Reverse acquisition		—		237,221
Change in valuation allowance		465,069		77,068
Ending valuation allowance	$	779,358	$	314,289

Effective Income Tax Rate

The Company’s effective income tax rate for continuing operations differs from the U.S. Federal statutory rate as follows:

	2014			2013
Federal statutory rate		34	%		34	%
State		4	%		4	%
Adjustment to prior year accrual		-23	%		—
Permanent and other adjustments		-10	%		—
Changes in valuation allowances		23	%		-1	%
Noncontrolling		-72	%		16	%
Impairment of goodwill		—			-79	%
Impairment of investment		—			-6	%
Other		2	%		-4	%
Effective income tax rate		-42	%		-36	%