XML 67 R16.htm IDEA: XBRL DOCUMENT

11. INCOME TAXES	6 Months Ended
Jun. 30, 2013
Income Taxes
11. INCOME TAXES	The Company recorded a provision for income taxes of $11,000 and $23,000 during the three and six months ended June 30, 2013, respectively, and $8,000 and $19,000 during the three and six months ended June 30, 2012, respectively. Based on current projections, management believes that it is more likely than not that Mediabistro will have insufficient taxable income to allow recognition of its deferred tax assets. Accordingly, a valuation allowance has been established against deferred tax assets to the extent that deductible temporary differences cannot be offset by taxable temporary differences. To the extent that the net book value of indefinite lived assets exceeds the net tax value of indefinite lived assets, an additional tax provision will be incurred as the assets are amortized. The total amount of unrecognized tax benefits was $100,000 as of June 30, 2013 and December 31, 2012, all of which would affect the effective tax rate, if recognized, as of June 30, 2013.

11. INCOME TAXES

6 Months Ended

Jun. 30, 2013

The Company recorded a provision for income taxes of $11,000 and $23,000 during the three and six months ended June 30, 2013, respectively, and $8,000 and $19,000 during the three and six months ended June 30, 2012, respectively.

Based on current projections, management believes that it is more likely than not that Mediabistro will have insufficient taxable income to allow recognition of its deferred tax assets. Accordingly, a valuation allowance has been established against deferred tax assets to the extent that deductible temporary differences cannot be offset by taxable temporary differences. To the extent that the net book value of indefinite lived assets exceeds the net tax value of indefinite lived assets, an additional tax provision will be incurred as the assets are amortized.

The total amount of unrecognized tax benefits was $100,000 as of June 30, 2013 and December 31, 2012, all of which would affect the effective tax rate, if recognized, as of June 30, 2013.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details