INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES [Abstract]

Schedule of income before income tax, domestic and foreign

The income tax provision (benefit) is based on the following pre-tax income (loss):

	For the Years Ended December 31,
	2014			2013
	(Amounts in Thousands)
Domestic	$	294		$	(1,460	)
Foreign		(88	)		(21	)
Total	$	206		$	(1,481	)

Schedule of components of income tax expense (benefit)

The income tax provision (benefit) consists of the following:

	For the Years Ended December 31,
	2014			2013
	(Amounts in Thousands)
Current tax expense (benefit):
Federal	$	-		$	-
State		38			21
Current provision		38			21
Deferred tax (benefit)		(2,317	)		-
Total provision	$	(2,279	)	$	21

Schedule of effective income tax rate reconciliation

The reasons for this difference are as follows:

	For the Years Ended December 31,
	2014			2013
	(Amounts in Thousands)
Benefit from income taxes at statutory rate	$	72		$	(501	)
State income taxes, net of federal benefit		25			14
Net operating losses adjustments		283			(18	)
Valuation allowance adjustments		(2,931	)		187
Permanent items		10			8
Reduction of tax reserves		318			332
Other, net		(56	)		(1	)
Net provision for income taxes	$	(2,279	)	$	21

Schedule of deferred tax assets and liabilities

The significant components of the Company’s deferred income tax liabilities and assets are as follows:

	As of December 31,
	2014			2013
	(Amounts in Thousands)
Deferred tax liabilities
Inventory costs	$	(694	)	$	(642	)
Deferred tax assets
Allowance for doubtful receivables	$	72		$	67
Accrued expenses and other items		4,816			5,049
Difference between book and tax bases of property		(2,443	)		(292	)
Operating loss carry-forwards - domestic		62,054			62,068
Operating loss carry-forwards - foreign		2,389			2,663
Tax credit carry-forwards		12,633			12,967
		79,521			82,522
Less valuation allowance		(78,949	)		(81,880	)
		572			642
Net deferred income tax asset	$	(122	)	$	-

Schedule of unrecognized tax benefits roll forward

A reconciliation of the beginning and ending balance for liabilities associated with unrecognized tax benefits is as follows (amounts in thousands):

Balances at December 31, 2012	$	109
Tax positions related to prior years		-
Reductions for tax positions related to prior years		-
Lapse of applicable statute of limitations		-
Balances at December 31, 2013		109
Tax positions related to prior years		-
Reductions for tax positions related to prior years		-
Lapse of applicable statute of limitations		-
Balances at December 31, 2014	$	109