XML 96 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.8

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
INCOME TAXES [Abstract] |
Schedule of Income Tax Benefit (Provision) | The income tax benefit (provision) consists of the following:
|  | 2012 |  | 2011
Current |  | $ (1,563,000) |  | $ (895,000)
Deferred |  | (576,000) |  | (602,000)
Change in valuation allowance |  | 2,139,000 |  | 1,497,000
|  | $ - |  | $ -
Schedule of Effective Income Tax Reconciliation | The reconciliation of the statutory federal rate to the Company's effective Income tax rate is as follows:
|  | 2012 |  | 2011
|  | Amount |  | % |  | Amount |  | %
Income tax benefit at U.S. |  |  |  |  |  |  |  |
federal income tax rate |  | $ (1,549,000) |  | (34) |  | $ (1,184,000) |  | (34)
State tax, net of federal tax effect |  | (410,000) |  | (9) |  | (313,000) |  | (9)
Non-deductible share-based compensation |  | (180,000) |  | (4) |  | - |  | -
Change in valuation allowance |  | 2,139,000 |  | 47 |  | 1,497,000 |  | 43
|  | $ - |  | - |  | $ - |  | -
Schedule of Deferred Tax Assets | The components of deferred tax assets as of December 31, 2012, and December 31, 2011 are as follows:
|  | 2012 |  | 2011
Deferred tax asset for NOL carryforwards |  | $ 8,647,000 |  | $ 7,084,000
Share-based compensation |  | 2,966,000 |  | 2,390,000
Accrued expenses |  | 17,000 |  | 17,000
Valuation allowance |  | (11,630,000) |  | (9,491,000)
|  | $ - |  | $ -

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration