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Income Taxes
3 Months Ended
Mar. 31, 2013
Income Taxes

13. Income Taxes

At December 31, 2012 the Company has federal income tax net operating loss carryforwards of approximately $65,000,000, which expire at various dates beginning in 2017. The Company is subject to limitations existing under Internal Revenue Code Section 382 (Change of Control) relating to the availability of the operating loss carryforward. The Company recognized no federal income tax benefit in the first quarter of 2013 as it has recorded a valuation allowance to reduce all deferred tax assets to zero.