v2.4.1.9
14. INCOME TAXES (Tables)
|
12 Months Ended |
|
Income Taxes Tables |
|
Components of income tax expense (benefit) |
|
|
Successor |
|
|
Predecessor |
|
|
|
December 31,
2014 |
|
|
December 31,
2013 |
|
|
|
|
|
|
|
|
Current: |
|
|
|
|
|
|
Federal |
|
$ |
- |
|
|
$ |
7,754 |
|
State and local |
|
|
12,778 |
|
|
|
7,999 |
|
Foreign |
|
|
- |
|
|
|
- |
|
Total current |
|
|
12,778 |
|
|
|
15,753 |
|
Deferred: |
|
|
|
|
|
|
|
|
Federal |
|
|
(300,508 |
) |
|
|
171,111 |
|
State and local |
|
|
(51,376 |
) |
|
|
50,270 |
|
Foreign |
|
|
- |
|
|
|
- |
|
Total deferred |
|
|
(351,884 |
) |
|
|
221,381 |
|
Total |
|
$ |
(339,106 |
) |
|
$ |
237,134 |
|
|
Reconciliation of income tax expense (benefit) |
|
Successor |
|
|
Predecessor |
|
|
December 31,
2014 |
|
|
December 31,
2013 |
|
|
|
|
|
|
|
Federal statutory rate |
34.00 |
|
% |
|
34.00 |
|
% |
State and local taxes |
5.24 |
|
% |
|
6.93 |
|
% |
Foreign rate differential |
(0.82 |
) |
% |
|
0.00 |
|
% |
Change in valuation allowance |
1.87 |
|
% |
|
0.00 |
|
% |
Change in deferred tax rate |
(10.17 |
) |
% |
|
0.00 |
|
% |
Tax benefit from divestment of business |
(21.50 |
) |
% |
|
0.00 |
|
% |
Other |
(2.75 |
) |
% |
|
0.37 |
|
% |
Total |
11.37 |
|
% |
|
41.30 |
|
% |
|
Components of income taxes payable |
|
Components of deferred income taxes |
|
|
Successor |
|
|
Predecessor |
|
|
|
December 31,
2014 |
|
|
December 31,
2013 |
|
|
|
|
|
|
|
|
Current deferred tax assets (liabilities): |
|
$ |
|
|
|
$ |
|
|
Accrued vacation |
|
|
- |
|
|
|
30,317 |
|
Bad debt and other allowances |
|
|
51,525 |
|
|
|
61,065 |
|
State taxes |
|
|
- |
|
|
|
272 |
|
Less: Valuation allowance |
|
|
(51,525 |
) |
|
|
- |
|
Total current deferred tax asset (liability) |
|
|
- |
|
|
|
91,654 |
|
|
|
|
|
|
|
|
|
|
Noncurrent deferred tax assets (liabilities): |
|
|
|
|
|
|
|
|
Intangible assets |
|
|
(2,336,080 |
) |
|
|
753,139 |
|
Fixed assets |
|
|
(8,520 |
) |
|
|
(3,281 |
) |
Net operating loss carryforwards |
|
|
3,797,043 |
|
|
|
- |
|
Long-term liability for contingent earn-out and others |
|
|
171,325 |
|
|
|
- |
|
Other |
|
|
- |
|
|
|
16,279 |
|
Less: Valuation allowance |
|
|
(3,578,616 |
) |
|
|
- |
|
Total noncurrent deferred tax asset (liability) |
|
|
(1,954,848 |
) |
|
|
766,137 |
|
|
|
|
|
|
|
|
|
|
Total deferred tax asset (liability) |
|
$ |
(1,954,848 |
) |
|
$ |
857,791 |
|
|
Schedule of unrecognized tax benefits |
Balance, December 31, 2012 |
|
$ |
28,702 |
|
Additions |
|
|
12,374 |
|
Interest and penalties |
|
|
4,261 |
|
Balance, December 31, 2013 |
|
|
45,337 |
|
Additions |
|
|
16,486 |
|
Interest and penalties |
|
|
5,889 |
|
Balance, December 31, 2014 |
|
$ |
67,712 |
|
|
X |
- Definition
Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.
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- Definition
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.
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- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.
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- Definition
Tabular disclosure of income before income tax between domestic and foreign jurisdictions.
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- Definition
Tabular disclosure of the change in unrecognized tax benefits.
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