Income Taxes.

The components of income tax expense for the years ended at December 31:



	2015		2014
Current:
Federal	$	—	$	—
State	27,415		29,304
Total Current	27,415		29,304
Deferred:
Federal	364,600		—
State	—		—
Total Deferred	364,600		—
Total Tax Provision	$	392,015	$	29,304

The following is a reconciliation of expected tax expense to actual expense for the years ended at December 31:



	2015			2014
Federal Income Tax Expense/(Benefit)	$	(62,456	)	$	(1,244,723	)
State Income Tax	494,298			29,304
Nondeductible Expenses	39,734			36,920
Provision to Return Reconciling Items	(3,210,798		)	(597,810		)
Change in Valuation Allowance	3,229,596			1,805,613
Other	(98,359		)	—
Total Tax Provision	$	392,015		$	29,304

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities, for financial reporting purposes, and amounts used for Federal income tax purposes. Significant components of the Company's deferred tax asset at December 31:



Deferred Tax Assets:	2015			2014
Federal and State Net Operating Loss Carry-Forward	$	25,985,806		$	24,297,540
Share-Based Compensation	1,151,050			—
Other Temporary Differences	1,050,615			980,781
Total	$	28,187,471		$	25,278,321

Deferred Tax Liabilities
Tax Goodwill	$	(364,600	)	$	—
Depreciation	(279,991		)	(318,669		)
Other Temporary Differences	(130,303		)	(412,071		)
Total	$	(774,894	)	$	(730,740	)

Net Deferred Tax Asset	$	27,412,577		$	24,547,581
Valuation Allowance	(27,777,177		)	(24,547,581		)
Deferred Tax Liability	$	(364,600	)	$	—

At December 31, 2014, the Company had available, net operating loss carry-forwards of approximately $67.3 million for Federal income tax purposes and net operating loss carry-forwards of approximately $5.5 million for State income tax purposes, which will begin to expire in 2018. Utilization by the Company is subject to limitations based on the Company's future income, and pursuant to Section 382 of the Internal Revenue Code, as amended. The usage of some of these net operating loss carry-forwards may be limited due to changes in ownership that have occurred or may occur in the future.