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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2012
Income Taxes [Abstract]  
Deferred Tax Assets and Liabilities
As of June 30, 2012 and December 31, 2011, the Company has the following deferred tax assets and liabilities:

 
June 30,
 
 
December 31,
 
 
2012
 
 
2011
 
 
(unaudited)
 
 
 
 
Deferred tax assets
 
$
11,683,887
 
 
 
9,548,645
 
Less valuation allowance
 
 
(11,093,231
)
 
 
(9,057,657
)
Deferred tax liabilites
 
 
(1,197,668
)
 
 
(1,279,729
)
Net deferred tax liability
 
$
(607,012
)
 
 
(788,741
)