Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes [Abstract]

Summary of Company's benefit for income taxes

	Successor 2016			Predecessor 2015
Deferred:
Federal	$	(475,316	)	$	(1,066,864	)
State and local		(419,247	)		(79,680	)
Total deferred		(894,563	)		(1,146,544	)
Total benefit for income taxes		(894,563	)		(1,146,544	)
Less: valuation reserve		894,563			1,146,544
Income Tax provision	$	-		$	-

Summary of reconciliation of the federal statutory rate

	Successor 2016			Predecessor 2015
Benefit for income taxes at federal statutory rate		34.0	%		34.0	%
State and local income taxes, net of federal benefit		7.8			5.7
Differences attributable to change in state business apportionment		12.3			(7.6	)
Reorganization expenses		(6.0	)		-
Amortization of intangible assets		(6.2	)		-
Change in fair value of derivative liabilities		-			7.8
True-up		3.4			2.3
Other		0.1			(0.3	)
Less valuation allowance		(45.4	)		(41.9	)
Effective income tax rate		0.0	%		0.0	%

Schedule of deferred tax assets (liabilities)

	Successor 2016			Predecessor 2015
Net operating loss carryforward	$	5,256,605		$	3,497,816
Bad debt reserve		141,182			130,319
Employee stock compensation		78,652			657,326
Net conversion feature discount		(5,208	)		(202,349	)
Default penalty		-			494,391
Depreciation		2,782			1,962
Charity		344			329
Net deferred tax asset		5,474,357			4,579,794
Less valuation allowance		(5,474,357	)		(4,579,794	)
Net deferred tax asset	$	-		$	-