Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes

Schedule of tax effects of temporary differences giving rise to the Company's deferred tax assets (liabilities)

	December 31, 2012			Transition Period December 31, 2011			June 30, 2011
Deferred tax assets:
Net operating loss and capital loss carryforwards	$	15,927,209		$	14,729,408		$	14,392,334
Related party accruals	—			1,504,366			2,119,780
Allowance for doubtful accounts	—			—			95,281
Vacation and workers compensation	11,559			—			110,984
Impairment loss on assets held for sale	—			—			1,428,618
Other temporary differences	—			397,552			—
Intangible assets	852,051			—			—
Valuation allowance	(16,551,236		)	(16,403,028		)	(17,633,225		)
Total deferred tax assets	239,583			228,298			513,772
Deferred tax liabilities:
Depreciation and amortization expenses	(131,713		)	(60,237		)	(256,959		)
Amortization of intangible assets	—			(29,521		)	(113,804		)
Other temporary differences	(107,870		)	(138,540		)	(143,009		)
Total deferred tax liabilities	(239,583		)	(228,298		)	(513,772		)
Net deferred tax assets	$	—		$	—		$	—

Schedule of reconciliation of income tax provision (benefit)

				Transition Period			Year Ended
	December 31, 2012			December 31, 2011			June 30, 2011
Federal income taxes at 34%	$	(907,399	)	$	1,664,388		$	(1,364,291	)
Effect of permanent differences	16,562			(556,272		)	(36,984		)
Other	742,629		**	122,081			377,191
State income tax	93,114			157,400			66,525
Change in valuation allowance — current year	148,208			(1,230,197		)	1,058,354
Net income tax expense	$	93,114		$	157,400		$	100,795	*

*         Included in discontinued operations.

**       Includes certain intangibles deducted in prior years

Schedule of capital and operating loss carryforward

At December 31, 2012, the Company had an available a net operating loss carryforwards of approximately $46,844,733. This amount is available to reduce the Company’s future taxable income and expires in the years 2014 through 2032 as follows:

Year of	NOL
Expiration	Carryover
2014	—
2017	3,830,504
2018	7,017,587
2019	5,878,720
2020	4,942,777
2021	4,434,157
2022	3,438,195
2024	2,338,824
2025	1,055,115
2026	2,542,659
2027	1,209,152
2028	976,338
2029	1,627,859
2030	2,948,105
2030	118,767
2032	4,485,974
	$	46,844,733