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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Deferred tax assets

Deferred tax assets consist of the following (in thousands):

 

December 31,  
    2012     2011  
Net operating loss carry-forwards   $  135,633     $ 134,991  
Credit carry-forwards      2,095         3,209  
Reserves and other     84       84  
Total deferred tax assets   $ 137,812     $ 138,284  
Valuation allowance     (137,812     (138, 284 )
Net deferred tax asset   $  -     $ -  

 

Reconciliation of Federal income tax rate to effective rate

Reconciliation of the statutory Federal income tax rate to its effective tax rate is as follows:

 

    December 31,  
    2012     2011  
             
Income tax benefit at federal statutory rate      35.0 %       35.0 %
State income taxes net of federal benefit      5.8 %       5.8 %
Expiring credits and other     773  %       128.7 %
Change in valuation allowance      (813.8) %       (169.5) %
                 
Total     0.0  %       0.0 %