Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

Following is a summary of the components giving rise to the income tax provision (benefit) for the years ended December 31:

The provision (benefit) for income taxes consists of the following:
	2016			2015
Currently payable:
Federal	$	132,835		$	-
State		(5,617	)		5,836
Total currently payable		127,218			5,836
Deferred:
Federal		(379,710	)		(990,745	)
State		(111,642	)		(147,674	)
Total deferred		(491,352	)		(1,138,419	)
Less: increase in allowance		374,864			1,154,767
Net deferred		(116,488	)		16,348
Total income tax provision	$	10,730		$	22,184

Schedule of Deferred Tax Assets and Liabilities

Individual components of deferred taxes are as follows:

		2016			2015
Deferred tax assets:
Net operating loss carry forwards	$	15,302,177		$	17,383,770
Equity issued for services		280,975			855,139
Goodwill and other intangibles		1,684,346			692,470
Investment in pass-through entity		17,898			268,476
Deferred revenue		1,522,258			-
Other		849,325			681,889
Gross deferred tax assets		19,656,979			19,881,744
Deferred tax liabilities:
Goodwill and other intangibles		277,231			291,706
Depreciation and amortization		272,406			289,534
Gross deferred tax liabilities		549,637			581,240
Less: valuation allowance		(19,152,961	)		(19,462,611	)
Net deferred tax liabilities	$	(45,619	)	$	(162,107	)

Schedule of Effective Income Tax Rate Reconciliation

The differences between the United States statutory federal income tax rate and the effective income tax rate in the accompanying consolidated statements of operations are as follows:

	2016			2015
Statutory United States federal rate		34.0	%		34.0	%
State income taxes net of federal benefit		5.0			0.7
Permanent differences		(3.9	)		(23.3	)
Other		(0.4	)		(3.5	)
Change in valuation reserves		(35.8	)		(8.1	)
Effective tax rate		(1.1	)%		(0.2	)%