Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Significant Components of Provision for Income Taxes

Significant components of the provision for income taxes for the years ended December 31, 2014 and 2013 is as follows (in thousands):

	2014		2013
Current:
Federal	$	113	$	93
State		44		59
Total Current Provision	$	157	$	152

Reconciliation of Effective Tax Rate and the Federal Statutory Tax Rate

A reconciliation of the differences between the effective tax rate and the federal statutory tax rate for the years ended December 31, 2014 and 2013 is as follows:

	2014			2013
Federal Statutory Tax Rate		34.00	%		34.00	%
State Income Taxes, net of Federal Income Tax Benefit		3.37	%		1.77	%
Non-deductible expenses		5.89	%		1.89	%
Non-deductible stock options and warrants		4.00	%		14.45	%
Non-deductible tax expense		8.79	%		—	%
Prior year adjustments for stock compensation		(27.93	)%		—	%
Other, net		—	%		0.26	%
Valuation allowance		(15.96	)%		(45.44	)%
Effective Tax Rate		12.16	%		6.93	%

Current and Non-current Deferred Income Tax Assets

At December 31, 2014 and 2013, our current and non-current deferred income tax assets and liabilities consisted of the following (in thousands):

	2014			2013
Current deferred income tax assets:
Allowance for doubtful accounts	$	1,548		$	1,741
Accrued vacation		334			243
AMT credit		—			93
Other		38			30
Subtotal		1,920			2,107
Less valuation allowance		(1,099	)		(1,519	)
Total Net Current Deferred Income Tax Assets	$	821		$	588
Non-Current deferred income tax assets (liabilities):
Net operating loss carry-forwards	$	1,336		$	1,240
AMT credit		96			—
Nonqualified stock options and warrants		560			—
Accumulated depreciation and amortization		(1,672	)		(933	)
Subtotal		320			307
Less valuation allowance		(1,141	)		(895	)
Total Net Non-current Deferred Income Tax Liability		(821	)		(588	)
Net Deferred Income Tax Asset / (Liability)	$	—		$	—