INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES [Abstract]

Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following (in thousands):

	As of December 31,
	2013			2012
United States
Net operating loss carryforwards	$	43,328		$	41,374
Gain on sale of membership interests in Nutra SA		403			374
Stock options and warrants		1,199			1,144
Intangible assets		1,194			960
Property		6,832			5,651
Capitalized expenses		652			715
Convertible debt		(112	)		(399	)
Other		451			86
Deferred tax assets		53,947			49,905
Less: Valuation allowance		(53,947	)		(49,905	)
		-			-
Brazil
Intangible assets		(228	)		(490	)
Property		(1,555	)		(2,165	)
Net operating loss carryforwards		2,381			960
Other		285			255
Net deferred tax asset (liability)		883			(1,440	)
Less-valuation allowance		(883	)		-
	$	-		$	(1,440	)
Deferred tax asset - current	$	-		$	234
Deferred tax liability - long-term		-			(1,674	)
	$	-		$	(1,440	)

Income (Loss) from Continuing Operations before Income Taxes

Loss before income taxes is comprised of the following (in thousands):

	2013			2012
Foreign	$	(6,832	)	$	(5,051	)
Domestic		(12,247	)		(8,020	)
Loss before income taxes	$	(19,079	)	$	(13,071	)

Effective Income Tax Rate Reconciliation

Reconciliations between the amount computed by applying the U.S. federal statutory tax rate (34%) to loss before income taxes, and income tax benefit follows (in thousands):

	2013			2012
Income tax benefit at federal statutory rate	$	(6,487	)	$	(4,444	)
Increase (decrease) resulting from:
State tax benefit, net of federal tax effect		(653	)		(251	)
Change in valuation allowance		4,927			(1,926	)
Adjustment to capitalized costs deferred balances		-			443
Adjustment to stock option compensation deferred balances		-			1,602
Reduction in deferred balances for forfeited, expired or cancelled options		255			602
Expiration of U.S. net operating losses		415			1,460
Nontaxable fair value adjustment		350			(1,843	)
Nondeductible convertible debt issuance expenses		521			2,285
Impact of state rate changes		(677	)		-
Nondeductible expenses		6			10
Foreign taxes		-			6
Adjustments to Brazil deferred balances		-			(222	)
Adjustments to U.S. deferred balances		(96	)		343
Income tax benefit	$	(1,439	)	$	(1,935	)