XML 56 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Taxes [Abstract]  
Schedule Of Provision For Income Taxes

 

 

 

 

 

 

 

 

  

Year Ended December 31,

 

  

2015

 

2014

Deferred:

  

 

 

 

 

 

Federal

  

$

(2,529,455)

 

$

(894,506)

State and local

  

 

169,266 

 

 

(1,582,500)

 

  

 

(2,360,189)

 

 

(2,477,006)

Valuation allowance

  

 

2,360,189 

 

 

2,477,006 

 

  

$

 

$

 

Schedule Of Reconciliation Of Federal Income Tax Rate

 

 

 

 

 

 

 

 

  

Year Ended December 31,

 

  

2015

 

2014

U.S. statutory income tax rate

  

34.0 

 

34.0 

State and local taxes, net of federal tax benefit

  

1.9 

 

2.4 

Permanent differences between book and tax

  

5.6 

 

17.1 

Deferred tax adjustments

 

(9.3)

 

(71.9)

State rate adjustments

 

(0.1)

 

(29.2)

Valuation allowance

  

(32.1)

 

47.6 

Effective income tax rate

  

 

 

Schedule Of Components Of Deferred Tax Asset

 

 

 

 

 

 

 

 

  

December 31,

 

  

2015

 

2014

Current accruals

  

$

1,687,951 

 

$

1,416,823 

Deferred revenue

 

 

269,797 

 

 

—  

Depreciation and amortization

  

 

2,269,341 

 

 

2,302,685 

Deferred compensation

  

 

1,389,832 

 

 

1,589,935 

Net operating loss carryovers

  

 

32,744,557 

 

 

30,246,136 

Deferred tax assets

  

 

38,361,478 

 

 

35,555,579 

Valuation allowance

  

 

(37,912,693)

 

 

(35,555,579)

Net deferred tax assets before deferred tax liabilities

 

 

448,785 

 

 

—  

Accounting method changes

 

 

(448,785)

 

 

—  

Net deferred tax assets

  

$

 

$