XML 64 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 10 - Effective Income Tax Rate Reconcilliation (Details) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Expected provision at federal statutory tax rate (34%) $ 1,538,565 $ (1,261,218)
State taxes, net of federal benefit 3,070 7,258
Stock-based compensation expense (252,288) (307,737)
Net operating loss carryforward 954,581 (37,327)
Federal research & development credit (437,303) (181,782)
Other permanent differences $ (486,430) 163,521
Impact of New York State taxation change 381,345
Income tax expense/(benefit) $ 1,320,195 $ (1,235,940)