XML 62 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Federal Income Tax Note
The provision for income taxes consists of the following for the years ended December 31, : 
 
 
 
2013
 
2012
 
Federal
 
$
 
$
 
State and local
 
 
 
 
 
Foreign
 
 
 
 
 
 
 
 
 
 
 
 
 
Total income tax expense
 
$
 
$
 
 
 
 
2013
 
2012
 
Current
 
 
 
Deferred
 
 
 
 
 
 
 
 
 
Total Income Tax Expense
 
 
 
Federal Statutory Rate To Income Before Taxes
For the years ended December 31, 2013 and 2012, the provision for income taxes differs from the expected tax provision computed by applying the U.S. federal statutory rate to income before taxes as a result of the following:
 
 
 
2013
 
2012
 
 
 
 
 
 
 
Statutory U.S. federal rate
 
(34.0)
%
(34.0)
%
Permanent differences
 
 
 
Valuation allowance
 
34.0
%
34.0
%
Provision for income tax expense(benefit)
 
0.0
%
0.0
%
Schedule of Deferred Tax Assets and Liabilities
The significant components of the Company’s deferred tax assets and liabilities are as follows:
 
 
 
 
2013
 
 
2012
 
 
 
(in thousands)
 
Deferred Tax Assets:
 
 
 
 
 
 
 
Net Operating Loss Carryforwards
 
$
30,317
 
$
30,288
 
Non-cash compensation
 
 
1,250
 
 
1,043
 
Writedown of intangibles
 
 
63
 
 
63
 
Accrued Liabilities
 
 
86
 
 
71
 
 
 
 
 
 
 
 
 
Total Deferred Tax Assets
 
 
31,716
 
 
31,465
 
Deferred Tax Liabilities:
 
 
 
 
 
 
 
Total Deferred Tax Liabilities
 
 
 
 
 
Net Deferred Tax Asset
 
 
31,716
 
 
31,465
 
Valuation Allowance
 
 
(31,716)
 
 
(31,465)
 
Net Deferred Tax Asset
 
$
 
$
 
Schedule of Unrecognized Tax Benefits Roll Forward
The following table summarizes the activity related to the Company’s gross unrecognized tax benefits (in millions):
 
 
 
Amount
 
Gross Unrecognized tax benefits at December 31, 2012
 
$
 
Increases in tax positions for current year
 
 
 
Settlements
 
 
 
Lapse in statute of limitations
 
 
 
 
 
 
 
 
Gross Unrecognized tax benefits at December 31, 2013
 
$