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Income Taxes
6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

For the three months ended June 30, 2014 and 2013, pre-tax (loss) income was $(3,656) and $5,317, respectively, and for the six months ended June 30, 2014 and 2013, pre-tax (loss) income was $(7,055) and $2,678, respectively. The Company recognized a full tax valuation allowance against net deferred tax assets at June 30, 2014 and December 31, 2013.

The benefit from income taxes of $11 and $20 for the three months ended June 30, 2014 and 2013, respectively, and $27 and $27 for the six months ended June 30, 2014 and 2013, respectively, relates to state research and development tax credits exchanged for cash pursuant to the Connecticut Research and Development Tax Credit Exchange Program, which permits qualified small businesses engaged in research and development activities within Connecticut to exchange their unused research and development tax credits for a cash amount equal to 65% of the value of the exchanged credits.