Income Tax (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences that give rise to deferred tax assets and deferred tax liabilities are as follows at December 31, 2016:

Deferred tax assets	Current			Long-Term
Reserves and deferred revenue	$	377,555		$	743,393
Stock options		-			472,254
Net operating loss		-			6,567,549
Total gross deferred tax assets		377,555			7,783,196
Deferred tax liabilities		(20,155	)		(108,033	)
Amortization of intangible assets and depreciation		-			(35,569	)
Net deferred tax assets	$	357,400		$	7,639,594

Schedule of Deferred Tax Assets and Valuation Allowances

Components of net deferred tax assets, including a valuation allowance, are as follows at December 31:

	December 31,
	2016			2015
Deferred tax assets	$	7,996,994		$	2,440,391
Valuation allowance		(7,996,994	)		(1,845,851	)
Total deferred tax assets	$	-		$	594,540

Schedule of Reconciliation of Statuatory Rate and Effective Tax Rate

The reconciliation between statutory rate and effective rate is as follows at December 31, 2016:

	December 31,
	2016			2015
Federal statutory tax rate		34.0	%		(34.0	)%
State taxes		(0.27	)%		4.81	%
Non-deductible items		(17.80	)%		(1.53	)%
Change in valuation allowance		(46.33	)%		25.24	%
Return to provision adjustments		22.35	%		(5.65	)%
Effective tax rate		(8.05	)%		58.87	%