| Income Tax Disclosure [Text Block] |
NOTE 11 INCOME TAXES
For the years ended December 31, 2016, 2015 and 2014, components of our provision for income taxes are as follows: | Provision for Income Taxes | | 2016 | | 2015 | | 2014 | | | Deferred taxes | | $ | (19,987,585) | | $ | (5,003,713) | | $ | 4,235,739 | | | Provision for (Benefit from) Income Taxes | | $ | (19,987,585) | | $ | (5,003,713) | | $ | 4,235,739 | | The following is a reconciliation of income taxes computed using the U.S. federal statutory rate to the provision for income taxes:
| Rate Reconciliation | | 2016 | | 2015 | | 2014 | | | Tax at federal statutory rate (34%) | | $ | (19,592,592) | | $ | (4,779,205) | | $ | 4,303,121 | | | Non-deductible expenses | | | 2,558 | | | 6,599 | | | 4,465 | | | Excess tax benefit from stock option exercises | | | 15,055 | | | (89,597) | | | (595,322) | | | Adjust prior estimates to tax return | | | 167,526 | | | - | | | 396,061 | | | States taxes, net of Federal benefit | | | (580,131) | | | (141,510) | | | 127,414 | | | Effect of tax rates lower than statutory rate | | | - | | | - | | | - | | | Provision for (Benefit from) Income Taxes | | $ | (19,987,585) | | $ | (5,003,713) | | $ | 4,235,739 | | The net deferred taxes consisted of the following at December 31, 2016 and 2015:
| Deferred Taxes: | | 2016 | | 2015 | | | Deferred tax liabilities | | | | | | | | | Property and equipment | | $ | 10,092,289 | | $ | 24,398,458 | | | | | | | | | | | | Deferred tax assets | | | | | | | | | Stock-based compensation | | | 3,814,909 | | | 3,066,518 | | | Operating loss and IDC carryforwards | | | 26,329,288 | | | 21,396,263 | | | Deferred tax assets | | | 30,144,197 | | | 24,462,781 | | | Net deferred income tax liability (asset) | | $ | (20,051,908) | | $ | (64,323) | |
As of December 31, 2016, the Company had net operating loss carry forwards for federal income tax reporting purposes of approximately $77.4 million which, if unused, will begin to expire in 2027 and fully expire in 2036.
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