(Benefit) provision of Income taxes consists of the following:

 

		For The Years Ended March 31,
		2016			2015
Current:
Federal		$	(9,979)		$	147,945
State			66,678			67,769
			56,699			215,714
Deferred:
Federal			(81,277)			(36,390)
State			(46,459)			(15,532)
			(127,736)			(51,922)
(Benefit) provision for income taxes		$	(71,037)		$	163,792

Deferred tax assets (liabilities) consist of the following:

 

		For The Years Ended March 31,
		2016			2015
Deferred tax assets (liabilities):
State taxes		$	15,114		$	17,062
Stock options			2,617,037			2,177,276
Accrued payroll and related costs			16,222			1,529
Accrued hospital pool deficit			329,430			-
Net operating loss carryforward			4,754,165			2,208,522
Property and equipment			1,588			(3,170)
Acquired intangible assets			65,748			(194,883)
Other			527,095			69,478
Net deferred tax assets (liabilities) before valuation allowance			8,326,399			4,275,814
Valuation allowance			(8,369,878)			(4,447,029)
Net deferred tax liabilities		$	(43,479)		$	(171,215)

The provision for income taxes differs from the amount computed by applying the federal income tax rate as follows:

 

		For The Years Ended March 31,
		2016			2015
Tax provision at U.S. Federal statutory rates			34.0	%		34.0	%
State income taxes net of federal benefit			(0.3)	%		(3.2)	%
Nondeductible permanent items			(0.7)	%		(5.9)	%
Nontaxable entities			5.4	%		(4.3)	%
Other			1.9	%		0.5	%
Change in valuation allowance			(39.4)	%		(34.9)	%
Effective income tax rate			0.9	%		(13.8)	%