INCOME TAXES (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Income Tax Disclosure [Abstract] |
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| Deferred Tax Valuation Allowance [Table Text Block] |
The activity in the deferred tax valuation allowance was as follows for the years ended December 31, 2015 and 2014: | | | Year ended December 31, | | | | | 2015 | | 2014 | | | Beginning balance | | $ | 1,902,022 | | $ | 82,052 | | | Provision | | | 857,619 | | | 1,819,970 | | | Adjustments | | | - | | | - | | | Ending balance | | $ | 2,759,641 | | $ | 1,902,022 | |
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| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
Income (loss) before tax for financial reporting purposes during the years ended December 31, 2015 and 2014 consisted of the following: | | | Year ended December 31, | | | | | 2015 | | 2014 | | | United States | | $ | (5,729,949) | | $ | (5,029,199) | | | Foreign | | | 1,180,357 | | | 696,474 | | | Total | | $ | (4,549,592) | | $ | (4,332,725) | |
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| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The provision for income taxes for the years ended December 31, 2015 and 2014 consisted of the following: | | | Year ended December 31, | | | | | 2015 | | 2014 | | | Current: | | | | | | | | | Federal | | $ | (68,893) | | $ | 7,310 | | | State | | | 31,350 | | | 12,006 | | | Foreign | | | 4,060 | | | 3,845 | | | | | | (33,483) | | | 23,161 | | | Deferred: | | | | | | | | | Federal | | | 149,833 | | | 153,364 | | | State | | | 21,436 | | | - | | | | | | 171,269 | | | 153,364 | | | Total income tax provision | | $ | 137,786 | | $ | 176,525 | |
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| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
The components of the Company’s deferred income taxes as of December 31, 2015 and 2014 are as follows: | | | December 31, | | December 31, | | | | | 2015 | | 2014 | | | Deferred tax assets: | | | | | | | | | Allowance for doubtful accounts | | $ | 97,184 | | $ | 49,775 | | | Deferred revenue | | | 14,023 | | | 16,070 | | | Deferred rent | | | 3,957 | | | 3,781 | | | Property and intangible assets | | | 215,112 | | | 552,373 | | | State net operating loss ("NOL") carryforwards | | | 329,857 | | | 114,190 | | | Federal net operating loss ("NOL") carryforward | | | 2,211,199 | | | 1,242,278 | | | Cumulative translation adjustment | | | 155,143 | | | 78,768 | | | Other | | | 217,060 | | | 110,136 | | | Valuation allowance | | | (2,759,641) | | | (1,902,022) | | | Total deferred tax assets | | | 483,894 | | | 265,349 | | | Deferred tax liabilities: | | | | | | | | | Earnings and profits of the Pakistani subsidiary | | | (483,894) | | | (265,349) | | | Goodwill amortization | | | (171,269) | | | - | | | Net deferred tax liability | | $ | (171,269) | | $ | - | |
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| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
A reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate of 34% for the years ended December 31, 2015 and 2014 is as follows: | | | Year ended December 31, | | | | | 2015 | | 2014 | | | Federal tax (benefit) | | $ | (1,546,861) | | $ | (1,473,127) | | | Increase (decrease) in income taxes resulting from: | | | | | | | | | State tax expense, net of federal benefit | | | (218,456) | | | (108,105) | | | Non-deductible items | | | 17,456 | | | 21,407 | | | Undistributed earnings from foreign subsidiaries | | | 5,131 | | | 3,845 | | | Deferred true-up | | | 146,946 | | | (87,500) | | | Valuation allowance | | | 857,619 | | | 1,819,971 | | | Additional tax goodwill | | | 884,517 | | | - | | | Other | | | (8,566) | | | 34 | | | Total provision | | $ | 137,786 | | $ | 176,525 | |
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