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Income Taxes (Tables) | 9 Months Ended
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Sep. 30, 2013
Income Tax Disclosure [Abstract] |
Schedule of Components of Provision for Income Tax (Benefits) are Attributable to Continuing Operations | The components of the provision for income tax (benefits) are attributable to continuing operations as follows:
|  | September 30, 2013 |  |  | September 30, 2012 |  |  | September 30, 2011 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 320,991 |  |  | $ | — |  |  | $ | — |
State |  |  | 15,000 |  |  |  | — |  |  |  | — |
|  | $ | 335,991 |  |  | $ | — |  |  | $ | — |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |  |  | $ | — |
State |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 335,991 |  |  | $ | — |  |  | $ | — |
Significant Components of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
Deferred tax assets: |  |  |  |
Net operating loss and tax credit carryforwards |  | $ | 45,757,210 |
Capital loss carryforward |  |  | 395,844 |
Accrued expenses |  |  | 64,406 |
Deferred revenue |  |  | 1,020,246 |
Reserve for accounts receivable |  |  | 2,078,681 |
Reserve for inventory |  |  | 133,608 |
Start-up costs |  |  | 110,118 |
Excess of book over tax depreciation |  |  | 1,304,151 |
Stock option and restricted stock award expense |  |  | 1,942,747 |
Investment in unconsolidated entity |  |  | 3,800,697 |
Less: valuation allowance |  |  | (56,412,435 | )
|  | $ | 195,273 |
Deferred tax liability: |  |  |  |
Property and equipment basis |  | $ | 124,044 |
Prepaid expenses |  |  | 71,229 |
|  | $ | 195,273 |
Net deferred tax asset |  | $ | — |
Schedule of Change in Valuation Allowance | The change in the valuation allowance is as follows:
September 30, 2013 |  | $ | 56,412,435 |
December 31, 2012 |  |  | 57,901,529 |
Change in valuation allowance |  | $ | (1,489,094 | )
Schedule of Income (Loss) Before Income Taxes | Income taxes for the nine-month periods ended September 30, 2013 and 2012 differ from the amounts computed by applying the effective federal income tax rate of 34.0% to income (loss) before income taxes as a result of the following:
|  | September 30, 2013 |  |  | September 30, 2012 |
Expected (benefit) |  | $ | (7,193,297 | ) |  | $ | (5,871,516 | )
U.S. income tax expense at the AMT 20% rate |  |  | 335,991 |  |  |  | — |
State income taxes net of federal benefits |  |  | 77,409 |  |  |  | (167,562 | )
Nondeductible expense |  |  | 23,010 |  |  |  | 14,166 |
Stock options and restricted stock awards |  |  | 214,670 |  |  |  | 242,390 |
Gain on sale of subsidiary stock |  |  | 8,454,148 |  |  |  | — |
Derivatives |  |  | (137,755 | ) |  |  | 521,008 |
Change in valuation allowance |  |  | (1,489,094 | ) |  |  | 5,067,370 |
Effects of: |  |  |  |  |  |  |  |
Change in apportionment estimate |  |  | 400,072 |  |  |  | (40,826 | )
Change in net operating loss estimate |  |  | 2,240 |  |  |  | 612,353 |
Change in capital loss carryover estimate |  |  | — |  |  |  | (374,051 | )
Change in AMT credit |  |  | (320,991 | ) |  |  | — |
Other, net |  |  | (30,412 | ) |  |  | (3,332 | )
|  | $ | 335,991 |  |  | $ | — |

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- 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
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- 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
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- 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
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- Definition 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 Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Valuation Allowance -URI http://asc.fasb.org/extlink&oid=6528051 + Details
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