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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Components of the income tax expense/(benefit) related to continuing operations,
                 
    Year ended
December 31,
2011
    Year ended
December 31,
2010
 

U.S. Federal:

               

Current

  $ —       $ —    

Deferred

    —         —    

U.S. State:

               

Current

    —         —    

Deferred

    —         —    
   

 

 

   

 

 

 
    $ —       $ —    
   

 

 

   

 

 

 
Reconciliation between income tax benefit at the U.S. federal statutory rate
                 
    Year ended
December 31,
2011
    Year ended
December 31,
2010
 

Tax benefit at U.S. federal statutory rate

  $ (10,958,402   $ (4,490,789

Increase in domestic valuation allowance

    8,880,185       5,077,136  

State income taxbenefit before valuation allowance, net of federal benefit

    (1,370,399     (789,894

Derivative revaluation expense

    1,908,031       —    

Warrant revaluation expense

    1,666,943       162,831  

Other

    (126,358     40,716  
   

 

 

   

 

 

 
    $ —       $ —    
   

 

 

   

 

 

 
Components of the Company's net deferred tax liabilities
                 
    December 31,
2011
    December 31,
2010
 

Deferred tax liabilities:

               

Intangible assets

  $ 2,500,000     $ 2,500,000  
   

 

 

   

 

 

 

Total deferred tax liabilities

  $ 2,500,000     $ 2,500,000  
   

 

 

   

 

 

 

Deferred tax assets:

               

Loss carryforwards

  $ 39,059,449     $ 31,162,384  

Property and equipment

    1,390,315       1,460,890  

Accrued expenses and other

    1,165,103       1,285,007  

Stock compensation

    2,103,702       930,103  
   

 

 

   

 

 

 

Total deferred tax assets

    43,718,569       34,838,384  

Less: valuation allowance

    (43,718,569     (34,838,384
   

 

 

   

 

 

 

Total deferred tax assets

  $ —       $ —    
   

 

 

   

 

 

 

Net deferred tax liabilities

  $ 2,500,000     $ 2,500,000