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Income Taxes | 6 Months Ended
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Jun. 30, 2014
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] |
8. | Income Taxes
The Company has not recognized any income tax provision (benefit) for the three and six months ended June 30, 2014, and June 30, 2013 due to continuing losses from operations. The U.S. statutory federal income tax rate is reconciled to the Company’s effective income tax rate as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Tax benefit at 35% federal statutory rate |  | $ | 984 |  | $ | 1,266 |  | $ | 491 |  | $ | 3,523 |
State tax benefit, net of federal benefit |  |  | 85 |  |  | 109 |  |  | 42 |  |  | 50 |
Noncontrolling interest |  |  | (24) |  |  | (60) |  |  | (60) |  |  | (464) |
Valuation allowance |  |  | (1,662) |  |  | (3,116) |  |  | (2,379) |  |  | (2,957) |
Other |  |  | 617 |  |  | 1,801 |  |  | 1,906 |  |  | (152) |
Total |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
The effects of temporary differences and other items that give rise to deferred tax assets and liabilities are presented below (in thousands):
|  | June 30, 2014 |  | December 31, 2013 |
Deferred tax assets: |  |  |  |  |  |  |
Capitalized start up costs |  | $ | 23 |  | $ | 24 |
Deferred transaction costs |  |  | 842 |  |  | — |
Stock-based compensation |  |  | 622 |  |  | 622 |
Net operating loss carryover |  |  | 63,453 |  |  | 62,372 |
Other |  |  | 3 |  |  | 18 |
Deferred tax assets |  |  | 64,943 |  |  | 63,036 |
Valuation allowance |  |  | (64,311) |  |  | (61,111) |
Deferred tax liabilities: |  |  |  |  |  |  |
Property, plant and equipment |  |  | (8) |  |  | (11) |
Investment in partnership |  |  | (624) |  |  | (1,914) |
Deferred tax liabilities |  |  | (632) |  |  | (1,925) |
Net deferred tax asset |  | $ | — |  | $ | — |
The Company assesses the recoverability of deferred tax assets and the need for a valuation allowance on an ongoing basis. In making this assessment, management considers all available positive and negative evidence to determine whether it is more likely than not that some portion or all of the deferred tax assets will be realized in future periods. This assessment requires significant judgment and estimates involving current and deferred income taxes, tax attributes relating to the interpretation of various tax laws, historical bases of tax attributes associated with certain assets and limitations surrounding the realization of deferred tax assets. As of June 30, 2014, the net operating loss carryforward was $181.3 million, which will begin to expire if not used by December 31, 2029. The U.S. federal statute of limitations remains open for our 2010 and subsequent tax years.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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