Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes

Schedule of composition of income tax expense (benefit)

The composition of income tax expense (benefit) is as follows (in thousands):

Year ended December 31	2012			2011
Deferred
Federal	$	(12,200	)	$	(1,393	)
State	(2,943		)	(336		)
Change in valuation allowance	15,143			1,729
Income tax benefit	$	—		$	—

Schedule of significant components of the Company's net deferred tax asset

Significant components of the Company’s net deferred tax asset are as follows (in thousands):

December 31	2012			2011
Deferred Tax Assets:
Federal and state net operating loss carryforwards	$	47,020		$	33,848
Stock-based compensation	6,242			6,242
Allowance for doubtful accounts	938			130
Goodwill	239			338
Property & equipment	681			237
Other	870			158
Valuation allowance	(55,517		)	(40,374		)
Total deferred tax assets	$	473		$	579
Deferred Tax Liabilities:
Amortization of intangibles	(473		)	(579		)
Net deferred tax asset (liability)	$	—		$	—

Schedule of reconciliation of income tax expense (benefit) to the amount computed by applying the federal statutory rate to the Company's net loss

The reconciliation of income tax expense (benefit) to the amount computed by applying the federal statutory rate to the Company’s net loss is as follows (in thousands):

Year ended December 31	2012			2011
Deferred
Federal	$	(12,200	)	$	(1,393	)
State	(2,943		)	(336		)
Change in valuation allowance	15,143			1,729
Income tax benefit	$	—		$	—