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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Taxes [Abstract]  
Schedule Of Provision For Income Taxes



 

 

 

 

 

 



  

Year Ended December 31,



  

2016

 

2015

Deferred:

  

 

 

 

 

 

Federal

  

$

(757,955)

 

$

(2,529,455)

State and local

  

 

(328,867)

 

 

169,266 



  

 

(1,086,822)

 

 

(2,360,189)

Valuation allowance

  

 

1,086,822 

 

 

2,360,189 



  

$

 

$



Schedule Of Reconciliation Of Federal Income Tax Rate



 

 

 

 

 

 



  

Year Ended December 31,



  

2016

 

2015

U.S. statutory income tax rate

  

34.0 

 

34.0 

State and local taxes, net of federal tax benefit

  

1.0 

 

1.9 

Permanent differences between book and tax

  

(15.9)

 

5.6 

Deferred tax adjustments

 

(5.9)

 

(9.3)

State rate adjustments

 

7.4 

 

(0.1)

Valuation allowance

  

(20.6)

 

(32.1)

Effective income tax rate

  

 



Schedule Of Components Of Deferred Tax Asset



 

 

 

 

 

 



  

December 31,



  

2016

 

2015

Current accruals

  

$

1,638,298 

 

$

1,687,951 

Deferred revenue

 

 

126,631 

 

 

269,797 

Depreciation and amortization

  

 

2,131,933 

 

 

2,269,341 

Deferred compensation

  

 

1,464,533 

 

 

1,389,832 

Net operating loss carryovers

  

 

33,943,745 

 

 

32,744,557 

Deferred tax assets

  

 

39,305,140 

 

 

38,361,478 

Valuation allowance

  

 

(39,000,095)

 

 

(37,912,693)

Net deferred tax assets before deferred tax liabilities

 

 

305,045 

 

 

448,785 

Accounting method changes

 

 

(305,045)

 

 

(448,785)

Net deferred tax assets

  

$

 —

 

$

 —