Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of loss before income taxes

Information pertaining to the Company’s loss before income taxes and the applicable provision for income taxes is as follows:

	December 31,
	2015			2014			2013
Loss before income taxes:
Domestic loss	$	(2,310,565	)	$	(7,638,422	)	$	(13,466,322	)
Foreign income	756,747			936,692			959,964
Total loss before income taxes:	(1,553,818		)	(6,701,730		)	(12,506,358		)
Provision (benefit) for income taxes:
Current:
Federal	$	3,939		$	(843	)	$	(1,823,192	)
State and local	16,002			26,145			(209,079		)
Foreign	482,242			400,407			348,300
	502,183			425,709			(1,683,971		)
Deferred:
Federal	$	(167,634	)	$	14,878		$	14,875
State and local	7,006			(3,027		)	981
Foreign	33,988			72,531			94,347
	(126,640		)	84,382			110,203
Total provision (benefit) for income taxes:	$	375,543		$	510,091		$	(1,573,768	)

Schedule of deferred tax assets and liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:

	December 31,
	2015			2014
Deferred Tax Assets:
Allowance for receivables	$	72,539		$	42,861
Deferred revenue	2,939,462			4,198,465
Share-based compensation	3,095,723			3,099,636
Accrued expenses and other liabilities	307,565			362,721
Domestic net operating loss carryforwards	26,023,318			23,386,049
Foreign net operating loss carryforwards	99,544			7,503
Tax credit carryforwards	574,997			574,998
AMT tax credit carryforwards	483,285			484,077
Capital loss carryforwards	77,586			75,607
Fixed assets	554,154			527,881
Intangibles	1,762,519			2,051,230
Sub-total	35,990,692			34,811,028
Valuation allowance	(35,121,608		)	(34,625,398		)
Total Deferred Tax Assets	869,084			185,630
Deferred Tax Liabilities:
Deferred state income tax	(541,359		)	—
Foreign withholding taxes	(128,261		)	(111,291		)
Total Deferred Tax Liabilities	(669,620		)	(111,291		)
Net Deferred Tax Assets	$	199,464		$	74,339

Schedule of effective tax rate reconciliation

The effective tax rate before income taxes varies from the current statutory federal income tax rate as follows: 

	December 31,
	2015			2014			2013
Tax at Federal statutory rate	$	(543,836	)	$	(2,345,606	)	$	(4,377,225	)
Increase (reduction) in income taxes resulting from:
State and local taxes	3,195			10,182			8,948
Non-deductible expenses	(31,199		)	52,565			25,295
Settlement costs	—			(80,406		)	56,882
Net effect of foreign operations	235,850			129,003			552,855
Uncertain tax positions	26,814			28,485			(2,173,905		)
Change in valuation allowance	680,780			2,715,868			4,333,382
Other	3,939			—			—
	$	375,543		$	510,091		$	(1,573,768	)

Schedule of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows: 

	2015			2014
Balance at January 1,	$	224,637		$	217,237
Increases to tax positions taken in prior years	9,306			7,400
Decreases to tax positions taken in prior years	—			—
Increase for tax positions taken during the current year	—			—
Expiration of statutes of limitation	—			—
Translation	(16,654		)	—
Balance at December 31,	$	217,289		$	224,637