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Income Taxes
6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The Company’s provision for income taxes consists of state and local, and foreign taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year.
 
For the six months ended June 30, 2014 and 2013, the Company recorded an income tax provision of $301,606 and $345,853, respectively, consisting primarily of state and local and foreign taxes. The effective tax rate for the six months ended June 30, 2014 and June 30, 2013 was (25.8%) and (3.7%), respectively. As of June 30, 2014, the Company’s conclusion did not change with respect to the realizability of its domestic deferred tax assets and, therefore, the Company has not recorded any benefit for its expected net domestic deferred tax assets for the full year 2014 estimated annual effective tax rate. As of June 30, 2014, the valuation allowance totaled approximately $34.5 million.
 
The Company’s total unrecognized tax benefits, excluding interest, at both June 30, 2014 and December 31, 2013 were $217,237. At June 30, 2014, $292,380 of unrecognized tax benefits, including interest, if recognized, would reduce the Company’s effective tax rate. As of June 30, 2014 and December 31, 2013, the Company had $75,143 and $66,875, respectively, of accrued interest.