Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes Tables

Income tax (benefit) provision

	For the Years Ended December 31,
	2013			2012
Federal
Current	$	-		$	-
Deferred		(3,556	)		(1,304	)
State
Current		-			-
Deferred		(644	)		(132	)
Change in valuation allowance		4,200			1,436
Income tax provision (benefit)	$	-		$	-

Reconciliation of the expected tax expense (benefit)

	For the Years Ended December 31,
	2013			2012
U.S. federal statutory rate		(34.00)	%		(34.00)	%
State and local income taxes, net of federal benefit		(3.43)			(3.43)
Other permanent differences		1.48			-
Change in fair value of warrant liabilities		5.45			3.63
Reduction in NOL due to sale of subsidiary		7.12			-
		(23.38)			(33.80)
Change in valuation allowance		23.38			33.80
Income tax provision (benefit)		-	%		-	%

Deferred tax assets and liabilities

	For the Years Ended December 31,
Deferred tax asset	2013			2012
Net operating loss carryforward	$	17,666		$	16,852
Stock-based compensation and other		3,688			302
Total deferred tax assets		21,354			17,154
Valuation Allowance		(21,354	)		(17,154	)
Deferred tax asset, net of allowance	$	-		$	-