Note 9 - Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Notes Tables |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | | December 31, | | | | 2015 | | 2014 | | Current benefit: | | | | | | | | | | Federal | | $ | (208,900 | ) | | $ | (388,900 | ) | | State, net of state tax credits | | | (67,800 | ) | | | (28,800 | ) | | Total current benefit | | | (276,700 | ) | | | (417,700 | ) | | | | | | | | | | | | Deferred provision: | | | | | | | | | | Federal | | | 40,800 | | | | 1,403,100 | | | State | | | - | | | | 355,000 | | | Total deferred provision | | | 40,800 | | | | 1,758,100 | | | | | | | | | | | | | Total income tax (benefit) provision | | $ | (235,900 | ) | | $ | 1,340,400 | | |
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | | December 31, | | | | 2015 | | 2014 | | Deferred revenue | | $ | 1,988,200 | | | $ | 2,999,300 | | | Deferred franchise costs | | | (664,000 | ) | | | (932,900 | ) | | Allowance for doubtful accounts | | | 1,781,000 | | | | 30,800 | | | Accrued expenses | | | 74,900 | | | | 197,300 | | | Goodwill | | | 87,000 | | | | - | | | Restricted stock compensation | | | (44,100 | ) | | | (231,300 | ) | | Nonqualified stock options | | | 109,600 | | | | - | | | Deferred rent | | | 209,700 | | | | 207,000 | | | Net operating loss carryforwards | | | 1,849,100 | | | | 38,200 | | | Tax Credits | | | 14,200 | | | | - | | | Charitable contribution carryover | | | 1,300 | | | | 400 | | | Asset basis difference related to property and equipment | | | 167,500 | | | | (45,400 | ) | | Gross non-current deferred tax asset | | | 5,574,400 | | | | 2,263,400 | | | Less valuation allowance | | | (5,574,400 | ) | | | (2,054,600 | ) | | Net non-current deferred tax asset | | $ | - | | | $ | 208,800 | | |
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | | For the Years Ended December 31, | | | | 2015 | | 2014 | | | | Amount | | Percent | | Amount | | Percent | | Expected federal tax benefit | | $ | (3,071,300 | ) | | | -34.00 | % | | $ | (574,900 | ) | | | -34.00 | % | | State tax provision, net of federal benefit | | | (387,500 | ) | | | -4.29 | % | | | (72,500 | ) | | | -4.29 | % | | Effect of increase in valuation allowance | | | 3,519,800 | | | | 38.97 | % | | | 2,054,600 | | | | 121.52 | % | | Permanent differences | | | (58,800 | ) | | | -0.65 | % | | | 23,900 | | | | 1.41 | % | | Non-deductible expenses | | | (46,500 | ) | | | -0.51 | % | | | (20,900 | ) | | | -1.24 | % | | Effect of reduced state rates for deferred | | | (80,100 | ) | | | -0.89 | % | | | 33,000 | | | | 1.95 | % | | Other, net | | | (111,500 | ) | | | -1.23 | % | | | (102,800 | ) | | | -6.08 | % | | Total income tax (benefit) provision | | $ | (235,900 | ) | | | -2.61 | % | | $ | 1,340,400 | | | | 79.28 | % | |
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| | | 2015 | | 2014 | | Unrecognized tax benefit - January 1 | | $ | 91,700 | | | $ | 114,500 | | | Gross increases - tax positions in prior period | | | - | | | | - | | | Gross decreases - tax positions in prior period | | | (59,100 | ) | | | (22,800 | ) | | Gross increases - tax positions in current period | | | - | | | | - | | | Settlements | | | - | | | | - | | | Lapse of statute of limitations | | | - | | | | - | | | Uncertain tax benefit - December 31 | | $ | 32,600 | | | $ | 91,700 | | |