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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2013

Income Taxes [Abstract]

Schedule of components of the provision for income tax (benefits) are attributable to continuing operations

		March 31, 2013				March 31, 2012				March 31, 2011
Current
Federal		$	150,742			$	—			$	—
State			—				—				—
		$	150,742			$	—			$	—
Deferred
Federal		$	—			$	—			$	—
State			—				—				—
		$	150,742			$	—			$	—

Significant components of deferred tax assets and liabilities

Deferred tax assets:
Net operating loss and tax credit carryforwards		$	44,514,698
Capital loss carryforward			395,868
Accrued expenses			98,594
Deferred revenue			1,020,308
Reserve for accounts receivable			2,146,815
Reserve for inventory			133,617
Start-up costs			110,125
Excess of book over tax depreciation			1,314,230
Stock option and restricted stock award expense			1,594,793
Investment in unconsolidated entity			3,800,928
Less: valuation allowance			(54,940,552	)
		$	189,424
Deferred tax liability:
Property and equipment basis		$	71,234
Prepaid expenses			118,190
		$	189,424
Net deferred tax asset		$	—

Schedule of change in valuation allowance

March 31, 2013		$	54,940,552
December 31, 2012			57,901,529
Change in valuation allowance		$	(2,960,977	)

Schedule of income (loss) before income taxes

		March 31,2013				March 31,2012
Expected (benefit)		$	(3,235,669	)		$	(1,869,034	)
U.S. income tax expense at the AMT 20% rate			150,742				—
State income taxes net of federal benefits			140,868				(74,736	)
Nondeductible expense			4,669				4,094
Stock options and restricted stock awards			118,912				240,763
Controlled Foreign Corporation dividend income			5,100,000				—
Derivatives			459,593				188,191
Change in valuation allowance			(2,960,977	)			1,308,861
Effects of:
Change in apportionment estimate			400,938				35,026
Change in net operating loss estimate			2,240				860,527
Change in capital loss carryover estimate			—				(682,459	)
Other, net			(30,574	)			(11,233	)
		$	150,742			$	—

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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

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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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

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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

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Publisher FASB

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-Number 109

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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