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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Taxes [Abstract]  
Schedule Of Provision For Income Taxes



 

 

 

 

 

 



  

Year Ended December 31,



  

2017

 

2016

Deferred:

  

 

 

 

 

 

Federal

  

$

13,308,196 

 

$

(757,955)

State and local

  

 

(263,860)

 

 

(328,867)



  

 

13,044,336 

 

 

(1,086,822)

Valuation allowance

  

 

(13,044,336)

 

 

1,086,822 



  

$

 

$



Schedule Of Reconciliation Of Federal Income Tax Rate



 

 

 

 

 

 



  

Year Ended December 31,



  

2017

 

2016

U.S. statutory income tax rate

  

34.0 

 

34.0 

State and local taxes, net of federal tax benefit

  

1.8 

 

1.0 

Permanent differences between book and tax

  

(1.5)

 

(15.9)

Deferred tax adjustments

 

(6.1)

 

(5.9)

Tax cuts & jobs act

 

(244.9)

 

0.0 

State rate adjustments

 

(4.0)

 

7.4 

Valuation allowance

  

220.7 

 

(20.6)

Effective income tax rate

  

 



Schedule Of Components Of Deferred Tax Asset



 

 

 

 

 

 



  

December 31,



  

2017

 

2016

Current accruals

  

$

1,718,808 

 

$

1,638,298 

Deferred revenue

 

 

30,648 

 

 

126,631 

Depreciation and amortization

  

 

1,311,718 

 

 

2,131,933 

Deferred compensation

  

 

633,303 

 

 

1,464,533 

Net operating loss carryovers

  

 

22,359,693 

 

 

33,943,745 

Deferred tax assets

  

 

26,054,170 

 

 

39,305,140 

Valuation allowance

  

 

(25,955,759)

 

 

(39,000,095)

Net deferred tax assets before deferred tax liabilities

 

 

98,411 

 

 

305,045 

Accounting method changes

 

 

(98,411)

 

 

(305,045)

Net deferred tax assets

  

$

 —

 

$

 —