INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes Tables

Income tax provision

($ in thousands)	Year Ended December 31,
Current	2014		2013		2012
Federal	$	—	$	—	$	—
State		—		—		—
Foreign		25		8		22
Deferred
Federal		—		—		—
State		—		—		—
Foreign		—		—		—
	$	25	$	8	$	22

Deferred tax assets

($ in thousands)	2014			2013			2012
Net operating loss carryforwards	$	14,200		$	12,703		$	11,554
Intangible and fixed assets		427			538			653
Stock based compensation		1,565			1,319			1,089
Reserves and accrued expenses		6			6			6
Other		(85	)		(121	)		(140	)
		16,113			14,445			13,162
Less valuation allowance		(16,113	)		(14,445	)		(13,162	)
Net deferred tax assets	$	—		$	—		$	—

Reconciliation of federal statutory income tax rate to our effective income tax rate

	2014				2013			2012
Amounts computed at statutory rates		$	(2,699	)	$	(3,349	)	$	(3,465	)
State income tax, net of federal benefit			(212	)		(47	)		(81	)
Expiration of net operating loss carryforwards			708			75			473
Non-deductible interest and change in fair value of derivative liabilities			145			1,698			1,602
Foreign taxes			386			370			473
Other			4			4			4
Net change in valuation allowance on deferred tax assets			1,693			1,257			1,016
		$	25		$	8		$	22