Income Taxes (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Net Operating Losses for Tax Purposes

The Company generated net operating losses (“NOLs”) during the three months ended March 31, 2014 and prior periods. The following table provides a summary of the NOL activity for the three months ended March 31, 2014:

Beginning NOL	$	(140,959	)
U.S. GAAP pretax income		16,479
Income tax differences:
Temporary		(2,603	)
Permanent		(18,804	)
Ending NOL	$	(145,887	)

Summary of Deferred Tax Asset and Tax Affected Benefit Recorded

A summary of the components of the deferred tax asset and tax affected benefit recorded is as follows:

NOLs available for deferred tax asset	$	11,940
Stock-based compensation		13,437
Deferred rent liability		4,726
Other		108
Gross deferred tax asset		30,211
Income tax rate		45.43	%
Tax affected	$	13,725