INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of components of the provision for (benefit from) income taxes

The provision for (benefit from) income taxes consists of the following:

Year ended December 31,	2017		2016			2015
Current:
Federal	$	200,000		—		$	82,000
Prior year under accrual		—		—			143,000
State		126,000	($	51,000	)		107,000
Deferred:
Federal		2,244,000		(2,015,000	)		2,659,000
State/Local		140,000		—			—
	$	2,710,000	($	2,066,000	)	$	2,991,000

Schedule of effective income tax rate reconciliation

The difference between the income tax provision computed at the federal statutory rate and the actual tax provision is accounted for as follows:

December 31,	2017			2016			2015
Taxes computed at the federal statutory rate	$	2,882,000		($	1,929,000	)	$	2,722,000
State income tax, net		176,000			(34,000	)		70,000
Prior year true-up		2,000			(3,000	)		325,000
Research and development tax credit		(235,000	)		(246,000	)		(177,000	)
Change in Federal Statutory Rate		(207,000	)		—			—
Permanent differences		92,000			146,000			51,000
Provision for (benefit from) income taxes	$	2,710,000		($	2,066,000	)	$	2,991,000

Schedule of deferred income tax assets and liabilities

The components of deferred income tax assets and liabilities are as follows:

Deferred Tax Assets:	2017		2016
Interest rate swap	$	1,000	$	9,000
Allowance for doubtful accounts		32,000		187,000
Credit carryforwards		1,986,000		1,548,000
Deferred rent		126,000		221,000
Stock options		102,000		295,000
Restricted stock		90,000		47,000
Net operating loss carryforward		750,000		5,057,000
Deferred Tax Assets		3,087,000		7,364,000
Deferred Tax Liabilities:
Prepaid expenses		141,000		130,000
Revenue recognition		1,036,000		2,807,000
Property and equipment		276,000		475,000
State taxes		67,000		—
Deferred tax liabilities		1,520,000		3,412,000
Net Deferred Tax Assets	$	1,567,000	$	3,952,000