Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Summary of tax provision (benefit) for U.S. federal, state, and foreign taxes on income

The following table summarizes the tax provision (benefit) for U.S. federal, state, and foreign taxes on income for the periods noted below:

 

             
        April 20 -   February 1 -
        December 31,   April 19,
    2014   2013   2013
Current            
  Federal $ - $ - $ (667,878)
  State   49,578   51,181   92,852
           
   Foreign   99,331 33,159   34,129
             
Current tax expense   148,909   84,340   (540,897)
             
Deferred            
  Federal   (7,853,302)   (3,087,428)   -
  State   -   -   -
           
   Foreign   (6,671) -   -
           
           
             
Deferred tax expense   (7,859,973)   (3,087,428)   -
             
Total income tax expense $ (7,711,064) $ (3,003,088) $ (540,897)
Summary of Income taxes differed from the amounts computed by applying the U.S. federal income tax rate of 34% to income (loss) before income taxes

Income taxes differed from the amounts computed by applying the U.S. federal income tax rate of 34% to income (loss) before income taxes as follows:

 

             
        April 20 -   February 1 -
        December 31,   April 19,
    2014   2013   2013
             
Computed expected tax expense (benefit) $ (27,273,428) $ (5,441,153) $ (1,052,114)
State tax expense, net of federal benefit   (2,014,371)   51,181   92,852
Non-taxable income charge   (1,002,749)   (666,472)   -
Nondeductible expenses, principally goodwill & impairment   7,478,000   344,730   431,605
Change in valuation allowance   15,002,153   2,675,467   -
             
Foreign income tax   99,331   33,159   34,129
             
Other   -   -   (47,369)
Total $ (7,711,064) $ (3,003,088) $ (540,897)

 
Summary of tax effects of temporary differences that give rise to significant portions of the deferred tax (assets) liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax (assets) liabilities at December 31st are as follows:

 

         
    2014   2013
         
Deferred revenue $ 400,271 $ 161,166
Deferred rent   704,925   -
Deferred state sales tax   30,326   34,000
Bad debt reserve   78,055   46,104
Foreign currency loss   38,238   34,657
Other   (15,417)   -
Current deferred tax assets   1,236,398   275,927
         
Depreciation and Amortization   (371,033)   195,693
Equity Based Compensation   1,476,708   637,881
Intangible Assets   4,931,178   (7,476,737)
Net operating loss carryforwards   10,413,423   3,702,754
Other   1,024,904   0
Net non-current deferred tax assets (liabilities)   17,475,180   (2,940,409)
Total Deferred tax assets (liabilities) non-current   18,711,578   (2,664,482)
Valuation allowance   (18,704,907)   (3,702,754)
         
Net deferred tax assets (liabilities) $ 6,671 $ (6,367,236)