INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2016

Income Taxes Tables

Provision (benefit) for income taxes

	September 30, 2016			December 31, 2015
Current:
Federal AMT	$	32,110		$	—
State		132,000			—
		164,110			—
Deferred:
Federal	$	(659,000	)	$	5,074
State		(13,000	)		5,510
		(672,000	)		10,584
Change in valuation allowance		672,000			(10,584	)
Provision (benefit) for income taxes, net	$	164,110		$	—

Deferred tax assets

	September 30, 2016			December 31, 2015
Inventory	$	20,000		$	41,401
Allowance for Doubtful Accounts		66,000			162,849
Foreign tax credits		30,000			30,086
Share Based Compensation		39,000			39,485
Other		-			24,100
Property and equipment		45,000			16,712
Net operating loss carryforwards		7,134,000			7,666,946
Valuation allowance		(6,645,000	)		(7,168,700	)
Deferred income tax asset		689,000			812,879
Deferred expenses		-			(71,482	)
Other		-			(52,397	)
Deferred income tax liability		-			(123,879	)
Net deferred tax asset	$	689,000		$	689,000