XML 39 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes - Deferred Taxes (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Deferred tax asset    
Inventory $ 42,109us-gaap_DeferredTaxAssetsInventory $ 32,709us-gaap_DeferredTaxAssetsInventory
Allowance for customer returns 32,132us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts 26,506us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
Deferred revenue 72,646us-gaap_DeferredRevenue 111,069us-gaap_DeferredRevenue
Other 32,147us-gaap_DeferredTaxAssetsOther 9,865us-gaap_DeferredTaxAssetsOther
Valuation allowance (167,394)us-gaap_DeferredTaxAssetsValuationAllowanceCurrent 0us-gaap_DeferredTaxAssetsValuationAllowanceCurrent
Current Deferred Tax Assets 11,640us-gaap_DeferredTaxAssetsGrossCurrent 180,149us-gaap_DeferredTaxAssetsGrossCurrent
Net Operating Loss 772,088us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 410,140us-gaap_DeferredTaxAssetsOperatingLossCarryforwards
Foreign tax credits 29,211us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign 0us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign
Fair value of derivatives 58,097us-gaap_DeferredTaxAssetsDerivativeInstruments 179,030us-gaap_DeferredTaxAssetsDerivativeInstruments
Share Based Compensation 21,505us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost 21,589us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
Property and equipment 22,366us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment 0us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment
Valuation allowance (844,543)us-gaap_DeferredTaxAssetsValuationAllowanceNoncurrent (410,140)us-gaap_DeferredTaxAssetsValuationAllowanceNoncurrent
Long term deferred tax assets 58,724us-gaap_DeferredTaxAssetsGrossNoncurrent 200,619us-gaap_DeferredTaxAssetsGrossNoncurrent
Total deferred tax assets 70,364us-gaap_DeferredTaxAssetsLiabilitiesNet 380,768us-gaap_DeferredTaxAssetsLiabilitiesNet
Deferred tax liability    
Unrealized gain on marketable securities (13,295)us-gaap_DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities (41,137)us-gaap_DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
Prepaid expenses (55,659)us-gaap_DeferredTaxLiabilitiesPrepaidExpenses (85,931)us-gaap_DeferredTaxLiabilitiesPrepaidExpenses
Current deferred tax liabilities (68,954)us-gaap_DeferredTaxLiabilitiesGrossCurrent (127,068)us-gaap_DeferredTaxLiabilitiesGrossCurrent
Property & equipment 0us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment (43,853)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment
Goodwill and other intangibles (1,410)us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets (8,825)us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
Long term deferred tax liabilities (1,410)us-gaap_DeferredTaxLiabilitiesGrossNoncurrent (52,678)us-gaap_DeferredTaxLiabilitiesGrossNoncurrent
Total deferred tax liabilities (70,364)us-gaap_DeferredTaxLiabilities (179,746)us-gaap_DeferredTaxLiabilities
Net deferred tax asset $ 0ifit_DeferredTaxAssetAndLiabilitiesNet $ 201,022ifit_DeferredTaxAssetAndLiabilitiesNet