Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of income tax expense from continuing operations

	2013		2012
Current:
U.S.	$	—	$	—
State		—		—
Foreign		251,000		—
Deferred:
U.S.		22,000		—
State		—		—
Foreign		—		—
Total	$	273,000	$	—

Schedule of reconciliation of the expected U.S. tax expense/(benefit) to income taxes related to continuing operations

	2013
Expected tax expense at U.S. statutory rate	$	(2,651,000	)
Permanent Adjustments		89,000
True up of PY Deferred Tax Assets/(Liabilities)		(378,000	)
Foreign Income Taxes		238,000
Increase in Valuation Allowance		3,068,000
Rate Difference—U.S. to Foreign		(93,000	)
Total	$	273,000

Schedule of components of the deferred income taxes

	2013			2012
Deferred Tax Assets
Fixed Assets	$	9,901,000		$	—
Net Operating Losses—U.S.		3,358,000			—
Net Operating Losses—Foreign		140,000			—
Foreign Tax Credit		251,000			—
Deferred Tax Liabilities
Intangibles		(36,000	)		—
Prepaid Expenses		(406,000	)		—
Valuation Allowance		(13,230,000	)		—
Net Deferred Tax Asset/Liability	$	(22,000	)	$	—

Schedule of unrecognized tax benefits

	2013
Unrecognized Tax Benefits
Unrecognized Tax Benefits, December 31, 2012	$	—
Gross Increases—Tax Positions in Prior Period		—
Gross Decreases—Tax Positions in Prior Period		—
Gross Increases—Current Period Tax Positions		168,000
Settlements		—
Lapse of Statute of Limitations		—
Unrecognized Tax Benefits, December 31, 2013	$	168,000