XML 37 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Components of Net Deferred Taxes

The components of net deferred taxes are as follows:

 

 

 

As of December 31,

 

 

 

2015

 

 

2014

 

Deferred tax assets (liabilities):

 

 

 

 

 

 

 

 

Net operating loss

 

$

5,670,000

 

 

$

5,938,000

 

Amortization

 

 

3,761,000

 

 

 

—

 

Stock-based compensation

 

 

3,215,000

 

 

 

2,702,000

 

Capitalized software costs

 

 

(612,000

)

 

 

—

 

Accrued interest expense

 

 

9,000

 

 

 

155,000

 

Allowance for doubtful accounts

 

 

229,000

 

 

 

224,000

 

Deferred lease liability

 

 

41,000

 

 

 

89,000

 

Total deferred tax assets (liabilities), net

 

 

12,313,000

 

 

 

9,108,000

 

Less: valuation allowance

 

 

(12,313,000

)

 

 

(9,108,000

)

Net deferred taxes

 

$

—

 

 

$

—

 

 

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the income tax expense (benefit) calculated by applying statutory rates to net loss and the income tax benefit reported in the accompanying consolidated financial statements is as follows:

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

U.S. federal statutory rate applied to pretax income

 

$

(2,531,616

)

 

$

(3,365,211

)

Permanent differences

 

 

17,155

 

 

 

455,557

 

State taxes and other

 

 

(690,539

)

 

 

383,654

 

Change in valuation allowance

 

 

3,205,000

 

 

 

2,526,000

 

 

 

$

—

 

 

$

—