13 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The following is a summary of the Company’s deferred tax assets and liabilities (in thousands):

	September 30, 2012			December 31, 2011
	(unaudited)
Current assets and liabilities:
Current assets and liabilities:
Deferred revenue	$	140		$	78
Stock based compensation		85			—
Bad Debt		78			160
Accrued expenses		863			668
		1,166			906
Valuation allowance		(1,166	)		(906	)
Net current deferred tax asset	$	—		$	—
Non-current assets and liabilities:
Depreciation and amortization	$	124		$	127
Net operating loss carryforward		15,585			15,956
		15,709			16,083
Valuation allowance		(15,709	)		(16,083	)
Net non-current deferred tax asset	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation between the statutory income tax rate and the effective rate is as follows:

	For the Nine months Ended September 30,
	2012			2011
	(unaudited)
Federal statutory tax rate		(34	)%		(34	)%
State and local taxes		(6	)		(6	)
Valuation reserve for income taxes		40			40
Effective tax rate		—	%		—	%