Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Deferred Tax Assets and Liabilities

At December 31, 2013 and 2012, the components of these temporary differences and the deferred tax asset were as follows:



	As of December 31
	2013			2012
Deferred Tax Asset
Current:
Accrued Expenses	$	705,000		$	229,000
Inventory Allowance	427,000			355,000
Total Current	1,132,000			584,000
Non-current:
Stock Based Compensation-Stock Options and Restricted Stock	1,332,000			1,209,000
Tax effect of NOL carryforward	27,027,000			14,359,000
Depreciation	25,336,000			29,019,000
Amortization	(334,000		)	(190,000		)
Warranty reserve	18,000			14,000
Total Non-current	53,379,000			44,411,000
Net deferred tax asset	54,511,000			44,995,000
Less valuation allowance	(54,511,000		)	(44,995,000		)
Net deferred tax asset	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

The Company’s effective tax rate for the years ended December 31, 2013 and 2012 differs from the statutory rate due to the following (expressed as a percentage of pre-tax income):



	2013		2012
Federal statutory rate	35	%	35	%
State statutory rate	3	%	3	%
Permanent tax differences	—	%	—	%
Loss on revaluation	(2	)%	—	%
Other	(5	)%	—	%
Limitation on NOL usage due to ownership change	—	%	(115	)%
Increase in valuation allowance	(31	)%	77	%
	—	%	—	%