Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Taxes Tables

Reconciliation of income tax expense (benefit)

	2018			2017
Federal income tax expense at statutory rate		(21.0	)%		(34.0	)%
State income tax, net of federal benefit		(6.6	)%		(5.3	)%
Permanent differences		1.1	%		7.6	%
Changes of state net operating losses		(0.5	)%		1.3	%
Change in stock options and restricted stock		0.0	%		(1.3	)%
Change in valuation allowance		27.1	%		(23.1	)%
Remeasurement of deferred taxes asset / liability		0.0	%		53.4	%
Other		(0.1	)%		1.4	%
Effective tax rate		0.0	%		0.0	%

Deferred income tax assets and liabilities

(In thousands)	2018			2017
Deferred tax assets:
Net operating loss carryforward	$	17,957		$	9,963
Stock options and restricted stock		2,654			1,873
Inventory reserve		222			143
Allowance for doubtful accounts		168			183
Accrued expenses		831			674
Deferred revenue		19			19
Leasehold improvements and equipment		4			-
Intangibles		46			27
Deferred rent		168			166
		22,069			13,048
Less valuation allowance		(21,932	)		(12,904	)
		137			144
Deferred tax liabilities:
Leasehold improvements and equipment		-			(9	)
Prepaid expenses		(137	)		(135	)
		(137	)		(144	)
	$	-		$	-