XML 52 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
INCOME TAXES (Details) - USD ($)
12 Months Ended 36 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2003
Dec. 31, 2006
Current [Abstract]          
Federal $ 0 $ 0 $ (16,119)    
State 0 10,726 6,576    
Total current (benefit) provision 0 10,726 (9,543)    
Deferred [Abstract]          
Federal 5,778,185 (1,171,865) (449,452)    
State 22,633 896 46,077    
Total deferred (benefit) provision 5,800,818 (1,170,969) (403,375)    
Total (benefit) provision 5,800,818 (1,160,243) (412,918)    
Operating Loss Carryforwards [Line Items]          
Net operating losses 21,960,362     $ 5,832,516 $ 8,586,861
Annual limitation       $ 150,608 $ 1,111,831
Period of built-in gains       5 years 5 years
Built-in-gains of net operating losses       $ 488,207 $ 1,756,842
Current assets [Abstract]          
Inventory reserves 253,380 242,532 311,931    
Accrued expenses 53,140 91,143 286,616    
Current deferred tax assets 306,520 333,675 598,547    
Less valuation allowances (306,520) 0 0    
Net current deferred asset 0 333,675 598,547    
Noncurrent assets [Abstract]          
Net operating loss carry-forwards 7,487,937 5,365,401 3,986,618    
Research and development credit 1,461,351 1,518,414 1,175,725    
Other credits 97,339 97,339 107,967    
Other 292,556 210,553 149,923    
Gross noncurrent deferred tax assets 9,339,183 7,191,707 5,420,233    
Depreciation 31,285 (206,150) (213,206)    
Noncurrent deferred tax assets 9,370,468 6,985,557 5,207,027    
Less valuation allowances (9,370,468) (1,518,414) (1,175,725)    
Net noncurrent deferred tax assets $ 0 $ 5,467,143 $ 4,031,302    
Summary of reconciliation of the Federal statutory rate to the effective rate applicable to income (loss) before income taxes [Abstract]          
Federal income tax at statutory rates (34.00%) (34.00%) (34.00%)    
State income taxes, net of federal benefit 0.21% 0.23% 0.28%    
Nondeductible expenses 0.57% 1.38% 4.54%    
Change in valuation allowance 114.81% 9.46% 9.47%    
Tax credits 0.00% (9.46%) (9.47%)    
Change in tax rates 0.00% 0.00% 1.96%    
Other 0.04% 0.34% 0.58%    
Income tax (benefit) 81.63% (32.05%) (26.64%)    
Earliest Tax Year [Member]          
Operating Loss Carryforwards [Line Items]          
Net operating losses, expiration dates Dec. 31, 2020     Dec. 31, 2018 Dec. 31, 2018
Latest Tax Year [Member]          
Operating Loss Carryforwards [Line Items]          
Net operating losses, expiration dates Dec. 31, 2036     Dec. 31, 2024 Dec. 31, 2028
Research and Development Tax Credit Carryforward [Member]          
Tax Credit Carryforward [Line Items]          
Tax credit carryforward $ 1,461,351        
Research and Development Tax Credit Carryforward [Member] | Minimum [Member]          
Tax Credit Carryforward [Line Items]          
Tax credit carryforward, expiration date Dec. 31, 2025        
Research and Development Tax Credit Carryforward [Member] | Maximum [Member]          
Tax Credit Carryforward [Line Items]          
Tax credit carryforward, expiration date Dec. 31, 2036        
Federal [Member] | Minimum [Member]          
Income Tax Contingency [Line Items]          
Open tax year 2013        
Federal [Member] | Maximum [Member]          
Income Tax Contingency [Line Items]          
Open tax year 2015