Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of the following:

	2015			2014
Current tax provision	$	4,081		$	236,403
Deferred tax benefit	(304,224		)	(236,403		)
Total tax benefit	$	(300,143	)	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the expected Federal statutory rate to our actual rate as reported for each of the periods presented is as follows:

	2015		2014
Federal statutory rate	34	%	34	%
State income tax rate, net of federal benefit	—	%	8	%
Permanent differences	1	%	—	%
Temporary differences	4	%	—	%
New Jersey tax settlement and other	11	%	—	%
Net operating loss adjustment	—	%	(30	%)
Change in valuation allowance	(65	%)	(12	%)
	(15	%)	—	%

Schedule of Deferred Tax Assets and Liabilities

The following is a schedule of the deferred tax assets and liabilities as of December 31, 2015 and 2014:

	2015			2014
Deferred tax assets:
Net operating loss carry forward	$	34,164,267		$	34,176,741
Intangible assets	3,909,300			4,435,700
Deferred rent	2,200			46,300
Depreciation	—			164,100
Allowance for doubtful accounts	6,900			48,800
Accrued expense	552,500			746,700
Stock based expenses	1,201,800			1,493,100
Other	15,000			24,200
Subtotal	39,851,967			41,135,641
Less valuation allowance	(39,838,347		)	(41,135,641		)
Total	13,620			—
Deferred tax liabilities:
Intangibles	3,435,700			3,523,000
Other	363,900			29,500
Total	3,799,600			3,552,500
Total deferred tax assets (liabilities)	$	(3,785,980	)	$	(3,552,500	)