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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense

 

2014

2013

Current provision

$

          515,953

$

        745,852

Payable true-up


            55,259


                      -

Deferred provision (benefit)


        (702,470)


        (77,697)

Net income tax provision

$

      (131,258)

$

         668,155

Schedule of Income Tax Rate Reconciliation

 


2014


2013


Amount

Percent

Amount

Percent

Federal statutory rates

$

(360,577)

34%

$

        659,980

34%

State income taxes, net of federal benefit


5,365

(1)%

27,064

1%

Stock options


-

-    

27,503

1%

Permanent differences


60,114

(6)%

4,313

0%

Other


97,592

(9)%

(50,705)

(3)%

Foreign


21,135

(2)%

-

-

Valuation Allowance


45,113

(4)%

-

-

Effective rate

$

    (131,258)

12%

$

        668,155

33%

Schedule of Deferred Tax Assets and Liabilities


2014

2013

Deferred tax assets (liabilities) - current:


 



 

Accrual to cash

$

240,648


$

        97,088

Total current deferred tax assets (liabilities)


240,648



97,088

Deferred tax assets (liabilities) - long-term:


 



 

Stock-based compensation


281,557



86,347

Depreciation


(6,205)



50,099

Intangibles


371,883



-

NOL


10,819



-

Net deferred tax asset valuation allowance


(45,113)



-

Total net deferred tax assets

$

      853,589


$

      233,534