Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)

The benefit from income taxes on continuing operations for the years ended December 31, 2018 and 2017 is comprised of the following:

 

    2018     2017  
Current:                
Federal   $ (2 )   $ (382 )
State     19       (13 )
Total current     17       (395 )
                 
Deferred:                
Federal     -       -  
State     -       -  
Total deferred     -       -  
Benefit from income taxes   $ 17     $ (395 )

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant items comprising the Company’s deferred tax assets and (liabilities) as of December 31, 2018 and 2017 are as follows:

 

    2018     2017  
Deferred tax assets:                
Federal net operating loss carryforwards   $ 40,158     $ 31,943  
State net operating loss carryforwards     4,541       4,762  
Compensation     1,100       693  
Allowances and reserves     1,007       7,539  
State taxes     794       1,124  
Credit carryforward     233       239  
Deferred revenue     89       88  
Property, plant and equipment     16       637  
Other Reserves-restructuring     -       5  
      47,938       47,030  
Deferred tax liability:                
                 
Intangible assets     (4,371 )     (4,865 )
Net Deferred tax assets     43,567       42,165  
Less: valuation allowance     (43,567 )     (42,165 )
Deferred tax asset-net valuation allowance   $ -     $ -  

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the difference between the federal statutory tax rates and the Company’s effective tax rate from continuing operations is as follows:

 

    2018     2017  
Federal statutory rate     21.0 %     34.0 %
State income tax rate, net of Federal tax benefit     2.9 %     2.2 %
Meals and entertainment     (0.3 )%     (0.3 )%
Contingent consideration     0.0 %     8.6 %
Tax reform change     0.0 %     (174.7 )%
Valuation allowance     (23.7 )%     141.7 %
Gain/Loss on extinguishment of debt     0.0 %     (11.6 )%
Other non-deductible     (0.1 )%     0.0 %
Discontinued operations allocation     0.0 %     3.1 %
Net change in Federal and state reserves     -       -  
Effective tax rate     (0.2 )%     3.0 %

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the change in uncertain tax benefit reserves for the two years ended December 31, 2018:

 

    Unrecognized
Tax Benefits 		 
       
Balance of unrecognized benefits as of January 1, 2017   $ 1,117  
Additions for tax positions related to the current year     -  
Additions for tax positions of prior years     -  
Reductions for tax positions of prior years     -  
Balance as of December 31, 2017   $ 1,117  
Additions for tax positions related to the current year     -  
Additions for tax positions of prior years     -  
Reductions for tax positions of prior years     (323 )
Balance as of December 31, 2018   $ 794  

Schedule of Tax Years Subject to Examination

The following tax years remain subject to examination as of December 31, 2018:

 

Jurisdiction   Tax Years
Federal   2014 - 2018
State and Local   2013 - 2018