Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes

Schedule of expense (benefit) for income taxes

	Years Ended December 31,
	2016		2015		2014
Current:
US federal	$	(4)	$	3	$	1
State and local		47		35		12
Total current income tax expense		43		38		13
Deferred:
US federal		440		278		(410)
State and local		58		12		(12)
Total deferred income tax expense		498		290		(422)
Total income tax expense (benefit)	$	541	$	328	$	(409)

Schedule of principal components of deferred tax assets (liabilities)

	December 31,
	2016		2015
Deferred tax assets:
Net federal operating loss carry forward	$	4,748	$	4,400
Net state operating loss carry forward		599		404
Accruals		256		178
Intangibles		536		114
Stock options		1,557		—
Deferred rent		862		—
Other		182		245
Deferred tax assets		8,740		5,341
Less: valuation allowances		(7,389)		(4,489)
Deferred tax assets after valuation allowance		1,351		852
Deferred tax liabilities:
Fixed assets		(1,351)		(556)
Debt discount		—		(295)
Indefinite-lived intangibles		(832)		(335)
Deferred tax liabilities		(2,183)		(1,186)
Net deferred tax liabilities	$	(832)	$	(334)

Schedule of change in valuation allowance

	Year-Ended
	December 31,
	2016		2015
Balance at beginning of the period	$	4,489	$	4,626
Increase (decrease) due to NOLs and temporary differences		2,900		(137)
Balance at end of the period	$	7,389	$	4,489

Schedule of reconciliation of income tax (expense) benefit

	December 31,
	2016		2015		2014
Federal statutory rate	34.0	%	34.0	%	34.0	%
State income taxes, net of federal income tax	(1.6)		(1.4)		3.5
Change in fair value of warrant liabilities	3.8		(37.4)		(6.0)
Change in valuation allowance	(42.1)		(1.1)		7.1
Non-deductible stock compensation	(2.7)		(6.0)		(5.1)
Change in fair value of contingent consideration	—		—		(4.1)
Non-deductible expenses and other	(0.9)		(1.0)		(2.4)
Effective income tax rate	(9.5)	%	(12.9)	%	27.0	%