Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Loss From Continuing Operations

Income (Loss) before income tax for the years ended December 31, 2016, 2015 and 2014 consisted of the following (in thousands):

	2016			2015			2014
	(in thousands)
U.S. operations	(9,514		)	6,911			5,424
Foreign operations	(2,184		)	(208		)	—
Global Total	$	(11,698	)	$	6,703		$	5,424

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes attributable to continuing operations before income taxes for the years ended December 31, 2016, 2015 and 2014 is as follows (in thousands):

	2016			2015			2014
Current tax expense (benefit):
Federal	$	26		$	—		$	97
State and local	35			19			76
Foreign	272			28
Total current tax expense	333			47			173
Deferred tax expense:
Federal	—			—			—
State and local	—			—			—
Foreign	(46		)	(12		)
Total deferred tax expense	(46		)	(12		)	—
Total income tax expense	$	287		$	35		$	173

Schedule of Effective Income Tax Rate Reconciliation

The provision for (benefit from) income taxes differed from the amount of income taxes determined by applying the applicable federal tax rate (34%) to pretax income (loss) from continuing operations as a result of the following (in thousands):

	2016			2015			2014
Expected Statutory expense (benefit)	$	(3,977	)	$	2,244		$	1,844
Change in the fair values of derivative and amortization of debt discount	2,584			(5,597		)	(693		)
Other non-deductible expenses	63			7			3
Change in valuation allowance	590			3,254			(1,031		)
Rate differential - foreign vs. US	822			114			—
State income taxes, net of federal benefit	23			13			50
Federal tax impact of state tax benefit, net	154			—			—
Exchange gain	$	28		$	—		$	—
	$	287		$	35		$	173

Schedule of Deferred Tax Assets

Deferred tax assets included in the Consolidated Balance Sheets as of December 31, 2016 and 2015 consisted of the following:

	2016			2015
	(in thousands)
Current Assets:
Allowance for doubtful accounts	$	118		$	6
Inventory reserve	467			157
Accrued expenses	831			1,005
Total current assets	1,416			1,168
Long Term Assets (Liabilities):
Property, plant and equipment	317			348
Intangible assets	(205		)	(256		)
Tax operating loss carry forwards	10,962			11,283
Tax credit carry forwards	254			291
Non-employee stock options	2,302			1,238
Other	(1		)	(7		)
Total Long Term Assets (Liabilities)	13,629			12,897
Gross Deferred Tax Asset (Liability)	15,045			14,065
Less Valuation Allowance	(15,250		)	(14,309		)
Deferred taxes, net	$	(205	)	$	(244	)

Summary of Operating Loss and Tax Credit Carryforward

Operating loss and tax credit carry forwards as of December 31, 2016 were as follows:

	2016		2015
	(in thousands)
Federal:
Net operating losses (expiring through 2035)	$	31,336	$	32,870
Research tax credits (expiring through 2025)	168		168
Alternative minimum tax credits (available without expiration)	86		70
State:
Net Operating Losses:
Tennessee (expiring in 2030)	529		568
New Jersey (expiring in 2035)	1,764		822
Illinois (expiring in 2035)	222		255
Foreign
Net operating losses (no expiration)	232		10

Summary Of Operating Loss Carryforwards Expiration

At December 31, 2016, the Company’s U.S. federal net operating loss carryforwards will expire as follows:

Year	Net Operating Loss (in thousands)
2017 - 2021	$	7,187
2022 - 2026	2,268
2027 - 2031	11,373
2032 and thereafter	10,508
Total	$	31,336