| Schedule of effective tax rate reconciliation |
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
2017
|
|
2016
|
|
Computed expected tax benefit
|
|
$
|
(1,748)
|
|
$
|
(1,485)
|
|
State tax benefit, net of federal benefit
|
|
|
(107)
|
|
|
(141)
|
|
Non-taxable income charge
|
|
|
381
|
|
|
(231)
|
|
Nondeductible expenses, principally goodwill & impairment
|
|
|
827
|
|
|
14
|
|
Change in valuation allowance
|
|
|
(8,844)
|
|
|
1,861
|
|
Change in federal rate
|
|
|
9,485
|
|
|
—
|
|
Foreign income tax
|
|
|
58
|
|
|
125
|
|
Total
|
|
$
|
52
|
|
$
|
143
|
|
| Significant portions of deferred tax assets (liabilities), inclusive of discontinued operations |
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
2017
|
|
2016
|
|
Deferred revenue
|
|
$
|
172
|
|
$
|
321
|
|
Deferred rent
|
|
|
405
|
|
|
699
|
|
Accrued wages
|
|
|
10
|
|
|
34
|
|
Deferred state sales tax
|
|
|
18
|
|
|
30
|
|
Bad debt reserve
|
|
|
14
|
|
|
22
|
|
Foreign currency loss
|
|
|
25
|
|
|
39
|
|
Other
|
|
|
30
|
|
|
73
|
|
Current deferred tax assets
|
|
|
674
|
|
|
1,218
|
|
Depreciation and amortization
|
|
|
(220)
|
|
|
(443)
|
|
Equity-based compensation
|
|
|
1,691
|
|
|
2,432
|
|
Intangible assets
|
|
|
(1,124)
|
|
|
(2,564)
|
|
Net operating loss carryforwards
|
|
|
16,432
|
|
|
25,654
|
|
Non-current deferred tax assets
|
|
|
16,779
|
|
|
25,079
|
|
Total deferred tax assets
|
|
|
17,453
|
|
|
26,297
|
|
Valuation allowance
|
|
|
(17,453)
|
|
|
(26,297)
|
|
Net deferred tax assets
|
|
$
|
—
|
|
$
|
—
|
|