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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 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 taxes (benefits) are attributable to continuing operations as follows:
|  | 12 Month Period Ended December 31, 2013 |  |  | 12 Month Period Ended December 31, 2012 |  |  | 12 Month Period Ended December 31, 2011 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 481,055 |  |  | $ | — |  |  | $ | — |
State |  |  | 15,000 |  |  |  | — |  |  |  | — |
Foreign |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 496,055 |  |  | $ | — |  |  | $ | — |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |  |  | $ | — |
State |  |  | — |  |  |  | — |  |  |  | — |
Foreign |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | — |  |  | $ | — |  |  | $ | — |
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 |  | $ | 42,412,630 |
Capital loss carryforward |  |  | 385,188 |
Accrued expenses |  |  | 62,672 |
Deferred revenue |  |  | 644,367 |
Reserve for accounts receivable |  |  | 2,048,105 |
Reserve for inventory return |  |  | 130,012 |
Stock option and restricted stock awards |  |  | 907,476 |
Start-up costs |  |  | 107,154 |
Excess of book over tax depreciation |  |  | 1,428,417 |
Investment – unconsolidated entity |  |  | 3,687,310 |
Less: valuation allowance |  |  | (51,625,159 | )
|  |  | 188,172 |
Deferred tax liability: |  |  |  |
Prepaid expenses |  |  | 118,860 |
Property and equipment basis |  |  | 69,312 |
|  |  | 188,172 |
Net deferred tax asset |  | $ | — |
Schedule of Change in Valuation Allowance | The change in the valuation allowance is as follow:
December 31, 2013 |  | $ | 51,625,159 |  |  | December 31, 2012 |  | $ | 57,901,529 |
December 31, 2012 |  | $ | 57,901,528 |  |  | December 31, 2011 |  | $ | 52,515,797 |
Change in valuation allowance |  | $ | (6,276,369 | ) |  | Change in valuation allowance |  | $ | 5,385,732 |
Schedule of Income (Loss) Before Income Taxes | Income taxes for the twelve month periods ended December 31, 2013, 2012 and 2011 differ from the amounts computed by applying the effective income tax rate of 34.0% to income taxes as a result of the following:
|  | 12 Month Period Ended December 31, 2013 |  |  | 12 Month Period Ended December 31, 2012 |  |  | 12 Month Period Ended December 31, 2011 |
Expected benefit |  | $ | (3,483,374 | ) |  | $ | (6,180,388 | ) |  | $ | (5,516,605 | )
Effects of: |  |  |  |  |  |  |  |  |  |  |  |
State income taxes net of federal benefits |  |  | (176,839 | ) |  |  | (181,423 | ) |  |  | (205,521 | )
U.S. Income Tax Expense at the 20% AMT Rate |  |  | 509,495 |  |  |  | — |  |  |  | — |
Nondeductible expenses |  |  | 31,640 |  |  |  | 17,994 |  |  |  | 17,657 |
Stock options and restricted stock awards |  |  | 790,011 |  |  |  | 223,720 |  |  |  | 833,749 |
Derivatives |  |  | (783,994 | ) |  |  | 322,848 |  |  |  | (1,693,247 | )
Change in valuation allowance |  |  | (6,276,369 | ) |  |  | 5,385,732 |  |  |  | 6,531,871 |
Change in net operating loss |  |  | 0 |  |  |  | 832,408 |  |  |  | 3,564 |
CFC Dividend Income |  |  | 9,190,723 |  |  |  | (374,051 | ) |  |  | — |
Change in rate estimate |  |  | 15,767 |  |  |  | (42,925 | ) |  |  | 23,798 |
Foreign Rate Differential |  |  | 662,745 |  |  |  | — |  |  |  | — |
Other, net |  |  | 16,250 |  |  |  | (3,914 | ) |  |  | 4,734 |
Income tax provision (benefit) |  | $ | 496,055 |  |  | $ | — |  |  | $ | — |

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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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