| 2016 |
2015 |
|||||||
| Federal: | ||||||||
| Current | $ | - | - | |||||
| Deferred | (3,780,000 | ) | 13,924,000 | |||||
|
(3,780,000 |
) | 13,924,000 | ||||||
| State and local: | ||||||||
| Current | - | - | ||||||
| Deferred | (1,302,000 | ) | (70,000 | ) | ||||
| (1,302,000 | ) | (70,000 | ) | |||||
| Change in valuation allowance | 5,082,000 | (13,854,000 | ) | |||||
| Income tax provision (benefit) | $ | - | - | |||||