Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Schedule of provision for income tax

	For the Years Ended December 31,
	2015			2014
Current:
Federal	$	8,141		$	38,000
Foreign		146,372			176,136
State and Local		-			-
Total Current		154,513			214,136
Deferred
Federal		(1,269,000	)		(1,003,000	)
Foreign		-			-
State and Local		(187,000	)		(147,000	)
Adjustment to valuation allowance related to net deferred tax assets		1,456,000			1,150,000
Total Deferred		-			-
Provision for income taxes	$	154,513		$	214,136

Schedule of income (loss) before income taxes

	For the Years Ended December 31,
	2015		2014
Foreign	$	2,466,823	$	(3,568,897	)
Domestic		731,860		890,440
Net income (loss) before income taxes	$	3,198,683	$	(2,678,457	)

Schedule of effective income tax rate reconciliation

	For the Years Ended December 31,
	2015		2014
Tax provision at statutory rate	34	%	(34	)%
State and local taxes	5	%	(5	)%
Foreign taxes	5	%	7	%
Foreign tax deduction	1	%	-	%
Incentive Stock Option Expense	(1	)%	-	%
Change in valuation allowance for net deferred tax assets	(39	)%	40	%
	5	%	8	%

Schedule of components of temporary differences of deferred tax asset, net

	For the Years Ended December 31,
	2015			2014
Deferred tax assets:
Accrued expenses	$	361,000		$	35,000
Allowance for doubtful accounts		6,000			7,000
Deferred Revenue		2,000			3,000
Reserve for obsolescence		72,000			109,000
Expense associated with non-qualified stock options		115,000			100,000
Revenue Sharing Agreement		681,000			1,781,000
General business credit		1,258,000			1,156,000
NOL carryforward		15,139,000			12,987,000
		17,634,000			16,178,000
Less: valuation allowance		(17,634,000	)		(16,178,000	)
Deferred tax asset, net	$	-		$	-

Schedule of change in valuation allowance for deferred tax assets

	2015		2014
Beginning Balance	$	16,178,000	$	15,028,000
Change in Allowance		1,456,000		1,150,000
Ending Balance	$	17,634,000	$	16,178,000