INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income tax expense (benefit) provision

	Year Ended December 31,
	2017		2016
Federal income tax expense (benefit):
Current	$	51,000	$	—
		51,000		—
State and local:
Current		102,000		—
		102,000		—
Total:
Current	$	153,000	$	—

Reconciliation between income tax benefit and income taxes

	Year Ended December 31,
	2017			2016
Expected income tax (benefit) at statutory Federal tax rate (34%)	$	947,000		$	(1,897,000	)
State and local taxes, net of Federal tax effect		36,000			(400,000	)
Increase in valuation allowance		—			1,704,000
Nondeductible transaction costs related to change in control		—			482,000
Expiration of contribution carryforward		—			85,000
Temporary differences		(503,000	)		—
Net operating loss		(327,000	)		—
Permanent difference		—			19,000
Other					7,000
Income tax	$	153,000		$	—

Deferred tax assets (liabilities)

The principal items giving rise to deferred tax assets (liabilities) are as follows:

	December 31,
	2017		2016
Deferred tax assets:
Net operating  loss credit carryforwards	$	10,390,000	$	10,316,000

Employee stock based compensation	—		237,000
Retail brokerage accounts (a)	—		71,000
Contribution carryover	182,000		158,000
Furniture, equipment and leasehold improvements	(54,000	)	312,000
Intangible assets	(137,000	)
Accrued settlement liability	—		340,000

Other		—			8,000
Total		10,381,000			11,442,000
Valuation allowance		(10,381,00	)		(11,442,000	)
Net deferred tax assets	$	—		$	—